If you are just beginning to invest in Canadian stocks and are unsure of where to start, this article will hopefully give you a little insight on what is out there. These are some “hot” stocks that are topping the charts. Always remember to do your own research with each company before investing. Under no circumstances should this article be construed as investment advice.
Yamana Gold (AUY) Yamana Gold is a Canadian-based producer of gold with compelling gold production, exploration properties, and land locations in Argentina, Brazil, Chile, Colombia, and Mexico. Yamana plans to maintain building on the foundation through existing and operating mine expansions and the progression of new mines. Yamana is the lowest cost cash producer in the industry, and committed to managing capital expenditures, operating costs, and trying to keep costs down.
Bell Canada (BCE) Bell Canada is one of the largest communication businesses in the industry. They provide consumers with all of their communication needs. Some of the services they offer are wireless communication, high-speed Internet, telephone service, and VOIP (voice over IP), to name a few. In 2009 the dividend increased 3 times, by a total of 19%. Bell Canada is one of the most productive dividend yield stocks in Canada right now.
Gold Corp (GG) Goldcorp is a low costing and fast developing gold producer. They are targeting low political risk countries throughout the Americas. Goldcorp has over 10,000 employees worldwide, and their headquarters is located in Vancouver. Gold is considered a safe bet when times are tough, and there is also a finite amount of gold available.
Magna (MGA) Magna is a leader in global supplies of advanced automotive components. They have also been ranked as the world’s fourth automobile parts supplier. This company shows a solid growth track record, since they have has 24 years straight of increased sales.
Manulife Financial (MFC) This leader of financial services have customers stretching over 22 countries. They provide financial protection and wealth management to individuals, as well as groups. Some of the services include: long-term care services, pensions, annuities, health and group life insurance, and of course banking.
Pengrowth (PGH) Pengrowth Energy Trust has a focus on low risk and low cost opportunities. They are an oil and gas functioning company with some conventional and some unconventional assets. The plan for the future for this company is to create oil and natural gas, as well as coalbed methane.
Canadian National Railway (CNI) Canadian National Railway plays a large role in transporting commodities. This includes importing energy from the US and exporting of timber and metal. The freight and transporting industry is crucial for the economy, and as time goes on you will see nothing but good things come from this company.
Toronto-Dominion Bank (TD) This company is a high profit, low risk, and stable company to look into right now. Even though, some say that financial investments are hit or miss. TD posts solid growth and earning time after time.
Cameco Corp (CCJ) Cameco Corp is the world’s largest, and low costing uranium producer. Over 20% of the world supply comes from Cameco. With global warming on the rise, emission-free nuclear power is welcomed.
FNX Mining (FNX) This company deals mostly with copper and nickel mining and has returned almost 4300% over the past 10 years. FNX doesn’t only produce and explore copper and nickel, but also, gold, cobalt, and platinum. As of March 2010, they announced that they were going to be merging with Quadra Mining, located in Vancouver.
You now have a starting point to begin your journey. Do research and read about any company that you are thinking about investing in. Good luck!
Bio: Melissa Tamura writes about online degrees for Zen College life, and recently ranked the best online colleges. The author owns stock in PGH and AUY.
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Not sure when this was written but many of them have been choppy of late Going to be interesting to see if we get that double dip or this is just a little profit taking.
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