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Author: SmartStocks.ca Staff
Can Loblaw Stock Be a Safe Buy Despite the Looming Tariff Risk in the Markets?
Rising costs and trade uncertainties have put pressure on many Canadian companies, especially those with exposure to the U.S. economy. Tariffs and supply chain disruptions have made it difficult for businesses to maintain margins, leading to volatility in the stock market. However, Loblaw (TSX:L) stands out as a relatively safe option in this environment. As… Read more
Best Canadian Stocks to Buy for 2025
The TSX has been on a strong run this year, reflecting the resilience of the Canadian economy and the solid performance of key sectors such as energy, financials, and technology. Amid rising global uncertainty and fears of a potential market correction, many investors are reevaluating their portfolios. Focusing on value-oriented stocks can help mitigate risk… Read more
Enbridge Increases Dividend by 3%
Enbridge announced today that it’s increasing its dividend by 3%. With the increase, the company has now raised its payout for 30 straight years. What’s also promising is that the company announced strong guidance for 2025. Not only does the company say that it’s on track to hit the high end of its guidance for… Read more
Suncor Raises Dividend on Strong Q3 Earnings
Suncor Energy (TSX: SU)(NYSE:SU) recently reported a robust third quarter in 2024, reflecting both operational excellence and strategic financial management. Key highlights include significant increases in production, a new record in refining throughput, and an increased dividend for shareholders. Financial Highlights Suncor’s Q3 2024 performance demonstrated financial strength: Operational Excellence Suncor’s operational efficiency continued to… Read more
Loblaw Sales Grow by 1% in Q3 but Earnings Jump Due to Court Ruling
Earnings and Revenue Highlights For the third quarter ending October 5, Loblaw reported a net profit of $777 million, or $2.53 per share, marking a notable increase from $621 million, or $1.95 per share, in Q3 last year. This uptick was partly attributable to a Federal Court of Appeal decision favoring President’s Choice Bank, which… Read more
Shopify Stock Surges on Strong Q3 Results and Optimistic Q4 Outlook
Shopify Inc. (TSX:SHOP)(NYSE:SHOP) saw its stock climb more than 24% today after reporting robust third-quarter financials, showcasing strong revenue growth and profitability improvements. The e-commerce leader’s continued expansion, driven by its scalable platform and effective cost controls, has positioned it as a prime choice for merchants navigating an increasingly digital marketplace. Financial Highlights: Growth and… Read more
Global X Launches Russell 2000 ETFs on Cboe Canada: New Opportunities for Small-Cap Investors
The Canadian market now offers two new options for investors interested in U.S. small-cap stocks, thanks to the launch of Global X Russell 2000 Index ETF (RSSX/RSSX.U) and Global X Russell 2000 Covered Call ETF (RSCC) on Cboe Canada. These funds, providing unique ways to gain exposure to the diverse and high-potential U.S. small-cap sector,… Read more
Canadian Tire Shows Resilience Amid Challenging Consumer Environment, Raises Dividend for 15th Straight Year
Canadian Tire Shows Resilience Amid Challenging Consumer Environment, Raises Dividend Quarterly Financial Performance Canadian Tire recorded Q3 revenue of $4.19 billion, down 1.4% year-over-year, reflecting conservative spending as consumers prioritize essentials over discretionary items. Net income for the quarter reached $200.6 million, or $3.59 per diluted share, a sharp rebound from a $66.4 million loss… Read more
BCE Expands Into the U.S. but Pauses Dividend Growth
Strategic Expansion in the U.S. Market BCE has agreed to acquire Ziply Fiber, a leading fiber Internet provider in the U.S. Pacific Northwest, for approximately $5 billion in cash plus $2 billion in assumed debt, bringing the transaction value to $7 billion. This acquisition significantly bolsters BCE’s North American presence, positioning Bell Canada, its wholly… Read more
BCE Stock Faces Headwinds Amid Lower Revenue and Competitive Pressures
Financial Overview In Q3 2024, BCE posted an operating revenue of $5.97 billion, down 1.8% from the prior year as product revenue dropped 14.3%. The company attributed this to reduced demand in consumer electronics and lower mobile device sales, both impacted by ongoing price competition in the telecom space. Net loss for the quarter amounted… Read more