10 Best Canadian Companies to Purchase and Hold for Life

 

 

Canadian equities and the Toronto Stock Exchange have a poor reputation when it comes to returns. Many investors looking to understand how to purchase stocks in Canada stay clear of Canadian markets, preferring those in the United States, where there is greater growth.

But, there’s potential for earning money from Canadian stocks and in the Canadian market for stocks, especially in the current economic environment about to be entered, one of economic recovery and increasing the interest rate.

10 of the Top Canadian Stocks to Purchase

If you’re searching for the best Canadian investments for 2022, You’ll have to conduct your research before you buy. Here are the ten most popular Canadian stocks that you can purchase. Be aware of remembering: this is only the beginning of an Iceberg.

1. Algonquin Power & Utilities

algonquin

Algonquin Power & Utilities is a North American diversified utility corporation with assets worth $10 billion. The company creates gas, water, and electricity, then transmitted and distributed to communities throughout the United States.

A rapidly growing renewable energy company, Algonquin Power has a strong portfolio of long-term contracts for solar, wind, and hydroelectric assets, totaling 1.5 GWG of total installed capacity.

All across North America, the corporation has over 50 power generation plants and 20 utilities. With 1,200 miles of electric transmission lines and 100 miles of pipelines for natural gas transmission, Algonquin’s utility division services around 770,000 customers across 12 States United States.

2. Alimentation Couche-Tard

Alimentation Couche-Tard is a major Canadian company that operates several convenience outlets across the nation. Along with offering fuel for road transport to more than 1300 locations across the United States, the company also offers stationary energy and aviation fuel.

Couche-Tard is a large independent convenience store operator with nearly 10,000 locations across 48 states of the United States, ten provinces in Canada, and other countries.

There are more than 16,000 locations around the globe. Its main market is the United States, its principal market with the largest share of revenue in 2018. It was then Europe (20 percent) and Canada (10 10 percent). The company operates through its Couche-Tard and Mac brands and worldwide as part of its Circle K name in Canada.

3. Brookfield Asset Management

brrokefield place

Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners, along Brookfield Business Partners are the companies’ subsidiaries.

Infrastructure investments comprise 45 percent of all assets and property (20 percent), as well as private equity (20 percent) as well as renewable energy (15 percent), being close behind. The company’s long-term revenue accounts for more than 85 percent of the total revenues.

Brookfield Asset Management has an international presence in more than 30 countries, which gives an advantage in proprietary deal flow. Brookfield Asset Management invests 86 percent of its money in North America, 8% in Europe, 5 percent across South America, and 1 percent in Asia.

4. Enbridge

In the provinces of Ontario, Quebec, New Brunswick in New Brunswick, Ontario, and New York, Enbridge serves 3.7 million customers.

It is home to 192,000 miles of natural gas and natural gas liquids pipelines that span North America and Mexico. It also has an enormous transportation system that spans more than 17,000 miles of pipelines operating.

Enbridge is well-known for its top-quality liquids as well as natural gas facilities. Enbridge also can process 3.1 Bcf/d as well as the net Natural Gas Storage capacity of 438 billion cubic feet. Additionally, it has an ownership stake of around 3000 megawatts worth of energy from renewable sources.

5. Telus

TELUS Corporation is Canada’s second-largest telecoms company, providing the most extensive selection of IP, data, TV, phone, and video-related services and products.

10.6 million cell phone subscribers, 2.2 million Internet subscribers, 1.2 million residential network access lines, and 1.2 million TELUS TV customers comprise TELUS’ 16 million customer connections. The company is also Canada’s biggest healthcare provider with over a decade of expertise in healthcare via telehealth.

The wireless segment is responsible for 55 percent of total revenues, and wireline is responsible for 45 percent. In the end, wireless is responsible for more than 70 percent of all payments. However, data, voice, and other equipment and services are the main components of the wireline segment.

6. Shopify

Shopify has increased revenues in the range of 70.1 percent per year for the past five years. The growth rate in revenue from a company with Shopify’s size is quite remarkable.

The company’s growth has been slowing down, with sales growth being 65.1 percent per year for the last three years; however, it’s still a rapidly growing company.

But, don’t be fooled that the company is expensive, even with the recent slump you’re paying to continue expansion.

Overall the stock is expensive and is likely to experience extreme price volatility shortly, especially if the firm has a major earnings loss. To sustain the price of its shares, it will have to keep pace with the predicted growth rates. It is not a secure investment.

7. Intact Financial

intact

In Canada, The company holds 17 percent part of the P&C Insurance market. Insurance for vehicles and personal use accounts for around 40 percent from DPW (direct premiums written), which is then personal property (20 percent) commercial lines Canada (25 percent) commercial lines USA (25 percent). (15 percent).

Canada is responsible for around 85 percent of sales for the company, and Canada accounts for 85% of sales, with the United States accounting for the remaining 15 percent. Under Intact insurance BrokerLink, OneBeacon, and Belairdirect, The company operates.

8. Canadian National Railway

As the major North American supply chain participant, Canadian National Railway transports more than 300 million tonnes of cargo each year. It is the largest transportation company of aluminum, iron ore, and the base metal mine across North America and is a fully integrated transportation and rail services firm.

Canadian National services the three principal petrochemical centers within North America and handles over half of Canadian chemicals produced. The company’s product range is diverse, with intermodal accounting making up 25% of its revenues and petroleum and chemical accounts for 17% of the total, and fertilizers and grains accounting for 17 percent each. The remainder comprises wood products, metals, automobiles, minerals, and more.

9. Restaurant Brands International

Restaurant Brands owns and operates around 27,000 restaurants across the globe with over 17.800 Burger King locations, 4,800 Tim Hortons locations, and 3,100 Popeyes restaurants. The company owns more than 2500 franchises across more than 100 countries. Within North America and Europe, it holds a substantial market share. The company concentrates on regional menus and premium food ingredients to draw customers in.

Tim Hortons (TH), Burger King (BK), and Popeyes Louisiana Kitchen are the three reportable components (PLK). Popeyes is one of the most rapidly growing restaurants in terms of revenue and the number of restaurants and locations, while Tim Hortons is one of the most popular brands in Canada.

10. Agnico Eagle Mines

The gold market is regaining its strength, as we’ve seen in recent times, and the increasing price of shares in gold miners has brought some security for Canadian portfolios.

Agnico Eagle Mines is a great illustration of this. The company operates mostly across Canada, Finland, and Mexico and has a 50% stake in Canada’s Canadian Malartic mining operation.

The company made 1.74 million gold ounces in 2020, which generated $3.12 billion in earnings with the current gold price of $1800/oz.

With a market cap at $17.6 billion, the company is the second-largest gold producer, behind only Barrick Gold. The company is expected to increase output by 25 percent by 2022, thanks to advances in technology.

 

 

 

 

 

 

 

 

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