Page 48 - Fool Canada News Today

Image source: Getty Images As the stock market has recovered from the pandemic market crash and rallied past the pre-pandemic highs, it has become harder and harder to find value. Here are some top Canadian stocks trading at decent valuations for your consideration in May 2021. Suncor stock Suncor Energy (TSX:SU)(NYSE:SU) stock has remained weak and depressed since it slashed its dividend last year. At the time, management took a cautious stance by suspending stock buybacks ...

Image source: Getty Images The Canadian dollar has been making some big gains against the U.S. dollar. It ended April up 2.3% against the U.S. dollar, following a year of strong gains. A little over a year ago, the Canadian dollar was worth just US$0.67. Today, it is quickly rocketing toward parity. In this article I’ll explore some possible reasons why this is happening. We can start by looking at the situation south of the border. Unprecedented U.S. stimulus One reason t...

Image source: Getty Images One of the basic fundamentals of good investing is making more money from the money you invest. Your household income or net worth could expand and grow over time through dividend investing. Canadians with a time horizon of 40 years can grow a $10,000 investment today tenfold to $100,000 on a dividend stock that yields 6%. On the TSX, Canada’s largest telecommunications firm pays a generous 6.07% dividend. At $57.99 per share, your $10,000 can p...

Image source: Getty Images As the economy is getting back on track and corporate earnings are to set to benefit from the recovery in consumer demand, I believe it’s time to put some of your spare cash into stocks. So, if you can invest $1,000, consider buying these top under-$30 stocks right now.  Air Canada  Air Canada(TSX:AC) stock remains volatile, as COVID-19 and travel restrictions continue to play spoilsport. While the volatility could remain elevated in Air Canada...

Financial strength and stability Bank of Nova Scotia, or Scotiabank, is a no-brainer choice. Canada’s third-largest bank has a sterling dividend track record — it started paying dividends in 1832. At the current share price of $78.27 per share, the bank stock pays a 4.61% dividend. Note the payout ratio is 67.67%. Scotiabank’s long history of paying dividends indicates financial strength and stability. This $94.9 billion bank endured the worst recessions and two World Wars. Its resiliency...

Image source: Getty Images Have you heard the phrase “sell in May and go away?” That’s the annoying “strategy” that we hear every year from the talking heads on TV. Like it or not, following such a strategy is timing the markets, which is never a good idea. Time to buy in May and go away? Instead of selling in May and going away, I think investors should take a page out of Charlie Munger’s playbook by looking to buy shares of undervalued companies and holding the...

Image source: Getty Images. Since last year, TSX stocks at large have rallied almost 35%, marking one of the most remarkable recoveries in decades. Canadian markets are currently loitering close to their all-time highs. But does that mean stocks will correct soon? Probably not. Impeding economic recovery, re-opening hopes, and stronger corporate earnings growth will likely continue to boost stocks even higher. Of course, challenges like uneven recovery and inflation still po...

Huge Tax Hike From Biden Has Wealthy Americans Upset More on: Image source: Getty Images The ultra-rich in America are worried about the Biden Tax Plan. Trillions in new taxes will affect the wealthiest in the United States. The Biden administration will raise the top income and capital gains tax rates, and the richest 1% of taxpayers will carry the burden. According to the White House, the top income tax rate will increase to 39.6%. Garrett Watson, a senior policy analyst ...

2 Top Takeaways From Warren Buffett’s 2021 Meeting With Shareholders Image source: Getty Images Warren Buffett definitely sounded more upbeat during Berkshire Hathaway‘s 2021 annual shareholders meeting, which was held this Saturday. At his left was his right-hand man Charlie Munger, who couldn’t make it to last year’s sombre annual meeting. Undoubtedly, Buffett had regained his sense of humour, as questions from investors flew in for around three and a half hours. ...

Image source: Getty Images The stock market grows over time — but not without its value changing due to daily or monthly fluctuations. However, despite the market’s unpredictable behaviour, buying opportunities abound. Canadians can scoop three great value stocks on the TSX that could make them richer, slowly but surely. Impressive financial performance One of the best choices today is a $1.72 billion multinational grocery and retail company. The  North West Company(TS...