WilliamMLeighty634 blog

TC Energy (TSX:TRP) is in the headlines, because its Keystone pipeline reported its biggest oil spill (an estimated 14,000 barrels). Although the company has resumed operations of the undamaged parts, the cost of cleanup and lost revenue will impact TC Energy’s earnings. The stock fell 18% in a month and is now trading (at $54) closer to its 52-week low of $53.53. Is this energy stock a buy on the dip?  Behind TC Energy’s stock price dip Before you decide on buying a stock at the dip, you should understand the reason for the decline. Then evaluate the severity of the impact (short term or long term) and whether the company has enough financial bandwidth to withstand the loss. As a pipeline company, TC Energy has exposure to the risk of damage to the infrastructure or any outage. Hence, the company keeps aside some funds for contingencies.  TC Energy reports risk-management activities as an expense. These activities include risks related to pipelines and foreign exchang...

The holiday season is traditionally one where we tend to spend far more than our budget usually allows. But this year, it hits a little harder. Alright, it hits a lot harder. Thanks to inflation and higher interest rates, you already don’t have as much cash on hand to spend on gifts, food, and other holiday items. And yet inflation wants you to spend more than ever! Now, I’m not saying you should blow your budget. A budget is still incredibly important, so keep that in mind. However, there are certainly ways to help you pay off that credit card this holiday season. First trick: Rewards I use my credit card throughout the year for everything, big or small. I really mean that. Whether it’s a tea from Tim Hortons or my monthly gas bill. Everything that’s able to go on the card goes on the card. This helps me collect superior points. And what’s more, I usually find a new credit card from my bank each year. There are often deals that will allow me to collect tens of thousands of p...

The new year is coming, but before it does, there is still time to get in on some crazy deals with the right dividend stock. I say “crazy,” because the prices are so low on strong companies that should bounce right back, even if we enter a recession in 2023, which does look likely. Today, I’m going to recommend on investment that could really help during this volatile situation in the next year. But even better, it offers a strong long-term hold as well. If not just for returns, then certainly for passive income from dividends. Fiera Capital The dividend stock I would recommend right now for investors looking for a great deal is Fiera Capital (TSX:FSZ). The dividend stock has long had a strong reputation from investing in growth and value stocks. It then builds up a beefy dividend that investors can consider. Plus, the stock is in value territory at the moment. Fiera stock trades at 15.27 times earnings and 2.43 times book value. So, why aren’t investors buying the stock? It’...

With a new year on the horizon, it’s about time that Canadian investors thought about what they’re looking to buy with their 2023 TFSA contribution of $6,500. Undoubtedly, the equity markets are rough right now, making fixed-income securities that much more appealing. Though a portion of your next TFSA contribution should be invested in lower-risk securities, I’d argue that stocks remain the best game in town. Even as rates on debt securities or GICs (Guaranteed Investment Certificates) continue to swell above the 4.5-5% mark, it’s really hard to stack up against total returns offered by stocks over an extended period of time. Yes, stocks are viewed as less appealing with the downside risks and more competitive bond yields. That said, the next bull market could be most rewarding to those who stick by equities. At the end of the day, pieces of businesses are among the best plays for those who are looking to be constructive with their money over the course of many years. What you d...

It’s been another sluggish year for air travel stocks. Air Canada (TSX:AC) and Onex‘s (TSX:ONEX) WestJet Airlines are flying into a recession year while still recovering from the effects of the COVID-19 pandemic. Undoubtedly, Air Canada’s slight international tilt has made a recovery more muted than expected. While air travel demand has shown signs of life through the year, there are questions as to how a central bank-mandated recession will impact demand for air travel. At this juncture, it seems like the air travel play isn’t about to take off anytime soon. Air Canada stock is down around 15% from year to date, while many of its peers south of the border are experiencing choppiness as well, with a noisy economic environment and a consumer that’s showing some pretty mixed signals. Employment remains strong, but spending patterns have changed amid inflation and headwinds. Going into 2023, we could see more layoffs, and the employment picture could take an ugly turn. A recession m...

Monthly paying dividend stocks trading on the TSX offer investors the opportunity to create a small but recurring stream of passive income. While dividends are not guaranteed, a few fundamentally strong stocks have maintained these payouts across market cycles. Further, the ongoing market volatility has increased the forward yields of several TSX stocks in the energy sector. Here, I have shortlisted three top monthly dividend stocks that Canadian investors can buy right now to generate $100 in dividend income each month. Pembina Pipeline Part of the cyclical energy sector, Pembina Pipeline (TSX:PPL) is a midstream infrastructure company with a diverse base of integrated assets. The energy stock currently offers investors a tasty forward yield of 5.8%. Pembina Pipeline initially began paying shareholders a dividend in 1997 and has since disbursed over $12 billion via these payouts. While several energy stocks suspended or reduced dividends during the onset of COVID-19, Pembina...

If you are new to investing, buying Canadian dividend stocks is a great place to start. Dividend stocks often have simple businesses to understand. In addition, earning tangible cash dividends can be a comfort when the stock market is volatile. Here are four top Canadian dividend stocks to buy and hold in 2023 and likely beyond. TELUS: A top TSX dividend-growth stock TELUS (TSX:T) is an ideal stock for its prospects of growth and income. With a market cap of $38 billion, it is Canada’s second-largest telecommunications stock. This stock earns a 5.25% dividend today. TELUS has a great history of dividend growth. For the past 20 years, it has grown its dividend by a huge 12.5% compounded annual growth rate. That has slowed to an extent, but this year, it still raised its dividend by nearly 7%. TELUS is interesting, because it has its stable telecom business that earns predictable cash flows. However, it is re-investing that cash into several digital growth verticals. These ...