There’s no doubt that the cannabis industry has plenty of potential upside. With more markets worldwide legalizing cannabis for medicinal or recreational use, companies aiming to target international growth have more opportunities. Canadian investors interested in cannabis stocks saw a massive boost with the announcement of the Biden administration across the border announcing the decision to classify marijuana as a less dangerous drug. Combined with the news that Germany might legalize marijuana as well, shares of the top TSX marijuana stocks soared. Between April 1 and April 30, 2024, sha ..read more

Investing and holding top dividend stocks can help you earn steady passive income for decades. Besides boosting your cash flows, these stocks add stability to your portfolio due to their growing earnings base and relatively resilient business model. In addition, these stocks can deliver decent capital gains over time, boosting your overall returns.  Against this background, Enbridge (TSX:ENB), Bank of Montreal (TSX:BMO), and Canadian Utilities (TSX:CU) are three such fundamentally strong stocks that fit the bill. These Canadian stock ..read more

Constellation Software (TSX:CSU) is one of the priciest stocks trading on the TSX. The tech stock has surged 15% year to date and is hovering above $3,700 a share. That’s more than half of your 2024 Tax-Free Savings Account (TFSA) contribution room. You can’t buy two CSU shares in your TFSA in 2024. Looking at the $3,700 price, you might wonder what made this stock so pricey. Doesn’t this price hamper its trading volume? Could the stock reach $4,000?  What makes Constellation Software stock so pricey?  Note that I used the term ..read more

Canadian bank stocks have trailed the broader markets in the last two years due to rising interest rates and a sluggish macro environment. Generally, when interest rates rise, demand for loans across verticals such as mortgage, automobile, and retail move lower, which impacts the top line for bank stocks. Moreover, banks also have to account for higher delinquency rates as loan defaults tend to increase amid elevated bond yields. In the last two years, several TSX banks were forced to allocate significant resources towards provisions for credit losses or PCLs, resulting in an erosion of the b ..read more

The recent rally surrounding tech stocks has driven valuations significantly higher in 2024. However, if you dig deeper, several China-based tech stocks continue to trade at a lower multiple, making them attractive bets for value investors right now. In this article, I compare two such tech stocks, Shopify (TSX:SHOP) and Alibaba (NYSE:BABA), to see which is a better buy at the current valuation. Is Alibaba stock undervalued? Since its initial public offering (IPO) in 2014, Alibaba stock has trailed the broader markets by a wide margin. Today, it trades 75% from all-time highs, valuing the co ..read more

TD Bank (TSX:TD) stock suffered one of its worst days since the pandemic era as shares nosedived around 6% in a day in response to some pretty troubling news relating to the ongoing money-laundering investigation. Undoubtedly, the major money-laundering probe is nothing new. We’ve known about this for quite some time. That said, the severity of the financial impact and longer-lasting repercussions (could TD Bank’s growth in the U.S. market be limited due to this crisis?) have really set in on investors. Undoubtedly, the bank has set aside quite a bit (approximately US$450 million) to prepare ..read more

Air Canada (TSX:AC) stock has been one of the TSX Index’s biggest losers over the last four years. Falling 60% in price since its early 2020 highs, it has dramatically underperformed the index. Curiously enough, the company itself has more or less recovered to — indeed surpassed — its pre-COVID revenue and earnings levels. Free cash flow remains down from 2019, but the company is much closer to its 2019 self than its mid-2020 or even 2021 self today. I’ve had varying opinions on Air Canada stock over the years. In the early innings of the COVID pandemic, I considered the stock a sell because ..read more

Investing in monthly dividend stocks that offer high yields is a low-cost way to generate a stable and recurring stream of passive income. However, dividends are not guaranteed and can be cut or entirely suspended, especially if a company’s financials deteriorate. So, it’s crucial to identify quality dividend stocks with strong balance sheets and a sustainable payout ratio before you invest in these companies. One such monthly dividend stock that offers you an attractive yield is Slate Grocery (TSX:SGR.UN). Down 35% from all-time highs, the Canadian-based real estate investment trust offers ..read more

With the boom of cannabis stocks in 2017 amid news of legalization in Canada and their subsequent fall from grace, you might think investors have learned a lesson. Canopy Growth (TSX:WEED), the largest Canadian cannabis company, saw its share prices decline, and the business was doing so badly that it was forced to merge shares. Yet, Canopy Growth stock saw share prices soar by 100% between April 1 and April 30. The surge in share prices shows many people are hopeful about Canadian marijuana stocks again. I will discuss what is happening and tell you why it might be a better idea to avoid the ..read more

Shares of fundamentally strong companies consistently outperform broader markets over time. Additionally, investing in such stocks through a TFSA (Tax-Free Savings Account) can amplify overall returns. This is because capital gains and dividends are not taxed in a TFSA, providing a significant boost to long-term returns. Against this background, here are four Canadian stocks to buy and hold for the long term. These stocks have solid growth prospects and will diversify your TFSA portfolio.  TFSA stock #1 The first stock is from the financial services sector ..read more