Top 5 Canadian Stocks To Invest In Right Now


Who’s really going to end up paying for the new Trump tax on Canadian lumber? New home buyers in the U.S.

The Trump administration announced Monday plans to impose duties of up to 24% on most Canadian lumber, charging that lumber companies there are subsidized by the government. Canadian lumber makes up about 30% of the U.S. market.

The tax is expected to hike the price of lumber used in home building by an average of 6%, according to the National Association of Home Builders, the trade group for the U.S. industry.

“For builders, it’ll increase the cost of construction by about $3,000 on the average home, which unfortunately will be passed on to consumers,” said Jerry Howard, CEO of the group.

Canadian producers say they’re confident that U.S. buyers will have to keep buying their lumber, even with the higher prices.


“They rely on imports,” said Steve Rustja, a vice president at Canadian lumber company Weston Forest. “Who is going to end up paying for it? Ultimately it’ll be the U.S. consumer.”

Top 5 Canadian Stocks To Invest In Right Now: Valeant Pharmaceuticals International Inc(VRX)

Advisors’ Opinion:

  • [By Keith Speights]

    It’s been a long time since Valeant Pharmaceuticals (NYSE:VRX) stock was in a legitimate uptrend. Despite the hiring of a new CEO last year to right the ship, Valeant’s share price has continued to fall.

  • [By Stark Merrifield]

    Bill Ackman: Fifty-year-old Ackman’s career began in 1992 when he and fellow Harvard graduate David P. Berkowtiz founded the investment firm Gotham Partners. The firm’s high-profile bid for Rockefeller Center in New York caused investors to flock to the firm, growing it to $500 million in assets. Then in 2004, with $54 million in personal funding, Ackman started Pershing Square Capital Management. Through Pershing, Ackman’s bought significant shares in companies like Wendy’s Co. (Nasdaq: WEN ), Target Corp. (NYSE: TGT), Chipotle Mexican Grill Inc. (NYSE: CMG), and Valeant Pharmaceuticals International Inc. (NYSE: VRX). Today, Ackman is worth $1.4 billion and is No. 256 on the Forbes 400.

  • [By Chris Lange]

    Valeant Pharmaceuticals International Inc. (NYSE: VRX) sawits shares hit a multiyear low this past week. There was hope for a turnaround when Joe Papa took over as chief executive officer,but it seems that littlehas gone his way, especially after the company reported earnings early this week. Some analysts took this opportunity to reevaluate their stance on the stock. Although this might be a buy for some, the returns look to be getting smaller.

Top 5 Canadian Stocks To Invest In Right Now: Wells Fargo & Company(WFC)


Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    Who is “the market” and how does it “want” to go down? Where’s the commandment that says stocks have to go lower? Who decides that today people who own stocks are by and large going to lose money? And why, of all things, does the market not want to go higher? Didn’t the CEO of the biggest bank, JPMorgan (JPM) , say things are great? Didn’t Wells Fargo (WFC) , after all of that scandal, still show some growth, a sign that it is putting the rough patch behind it? Didn’t Citigroup (C) have its best quarter in years? Wasn’t PNC Financial (PNC) even better, clear triumphs on every single line item? The word “perfect” comes to mind, as in Perfect National Corp. (Wells Fargo and Citigroup are part of TheStreet’s Action Alerts PLUS portfolio.)

  • [By Jon C. Ogg]

    Wells Fargo & Co. (NYSE: WFC) was listed as 479.704 million shares in September, the same as in June and March. This was 470.29 million shares last September. As a reminder, it was documented that Buffett has filed to be allowed to increase his stake north of the 10% threshold with the SEC. Hejust recently confirmed that he did not sell Wells Fargo shares after the account opening scandal.

  • [By Ben Levisohn]

    Big banks like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC) have surged more than 20% during the past three months–causing many investors to doubt the possibility for further gains. I’m note one of them–after my disastrous financials call last year, I’m bullish on them in 2017–and neither is Morgan Stanley’s Betsy Graseck, who remains Overweight the big banks, despite their big gains. She explains why:

  • [By WWW.THESTREET.COM]

    Fortunately, when it comes to the oil exploration and production company, Cimarex Energy (XEC) , investors received both sides on Friday. When analysts go head-to-head, investors win, Cramer said, as an analyst at Wells Fargo (WFC) downgraded Cimarex on the same day that Goldman Sachs (GS) upgraded it.

  • [By Casey Wilson]

    Citigroup was named by Forbes as one of the “big four” banks in the United States on Jan. 10. These four financial institutions – JPMorgan Chase, Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and Citigroup – have a combined $8.5 trillion in assets. That’s nearly $4 trillion more than the combined total of the next 100 biggest banks combined.

  • [By WWW.MONEYSHOW.COM]

    For the negative side of the banking story, let’s look at Wells Fargo (WFC). This is the company that has been embroiled in a scandal involving the fraudulent opening of some two million accounts as employees tried every trick in the book to make unrealistic sales quotas.

Top 5 Canadian Stocks To Invest In Right Now: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Money Morning News Team]

    Canada-based Encana Corp. (NYSE: ECA) was the eighth top oil company stock in 2016, with a 131% gain over the year. ECA and its subsidiaries focus on developing, exploring, producing, and marketing natural gas, liquefied natural gas, and oil in North America.

  • [By Paul Ausick]

    Encana Corp. (NYSE: ECA) is rated Buy with an unchanged price target of $16. The EPS estimate for 2017 was lowered from $0.42 to $0.34, and the 2018 estimate was also lowered, from $1.47 to $1.28. The shares ended the weekat $11.44, in a 52-week range of $4.90 to $13.85. The consensus 12-month price target is $14.95.

  • [By WWW.THESTREET.COM]

    In the Lightning Round, Cramer was bullish on Vodafone Group (VOD) , Schlumberger (SLB) , Encana (ECA) , Arconic (ARNC) and AdvanSix (ASIX) .


    Cramer was bearish on U.S. Silica Holdings (SLCA) .

Top 5 Canadian Stocks To Invest In Right Now: NEW GOLD INC.(NGD)

Advisors’ Opinion:

  • [By Dan Caplinger]

    The stock market lost ground on Monday, sending major market benchmarks lower by more than half a percentage point. The Dow lost its grip on the 20,000 mark in the wake of concerns about economic growth and new U.S. immigration policy, and some believe that the broader geopolitical climate could have a negative impact on global commerce that in turn could start affecting multinational corporations’ business prospects. In addition, bad news from some individual companies weighed on the markets, and Transocean (NYSE:RIG), Rite Aid (NYSE:RAD), and New Gold (NYSEMKT:NGD) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.

Top 5 Canadian Stocks To Invest In Right Now: Canadian National Railway Company(CNI)


Advisors’ Opinion:

  • [By Brett Hershman]

    The Swiss bank said it was raising first-quarter estimates on four of the six rails it covers, with updated estimates above consensus on Canadian National Railway (USA) (NYSE: CNI), CSX Corporation (NASDAQ: CSX) and Kansas City Southern (NYSE: KSU), which is seen to show upside against low expectations.

  • [By Monica Gerson]

    Canadian National Railway (USA) (NYSE: CNI) is estimated to post its quarterly earnings at $0.92 per share on revenue of $3.08 billion.

    Container Store Group Inc (NYSE: TCS) is expected to post its quarterly earnings at $0.21 per share on revenue of $230.53 million.

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