Similar to other Canadian cannabis stocks, Tilray (TSX:TLRY) has taken investors on a roller-coaster ride. Shares of the company went public in July 2018, just before Canada legalized cannabis for recreational use. The stock surged from less than US$30 in July 2018 to over US$150 in October 2018. Today, it trades at US$1.72 per share and is valued at a market cap of roughly US$1 billion. The Canadian cannabis sector is wrestling with industry-wide headwinds such as an oversupply of products, competition from new entrants as well as from illegal sales, overvalued acquisitions, and much more ..read more

The global equity markets have turned volatile amid growing geopolitical tensions. Investors are worried that the worsening of the current situation between Israel and Iran could lead to a full-blown war, thus disrupting energy supplies from the region. Given the uncertain environment, the following three stocks would be excellent additions to your portfolio. Dollarama Despite the uncertainty, I am bullish on Dollarama (TSX:DOL) due to the defensive nature of its business. The company has an extensive network of 1,551 stores spread across Canada. Its superior direct sourcing method and effici ..read more

With the broader stock markets coming off their new highs, many new investors may be wondering if this is the beginning of that much-awaited correction. Undoubtedly, it’s been many months since we’ve gotten one. And at some point or another, we’ll be overdue for that dreaded 10% decline. In any case, I’d encourage investors to stay the course rather than seek to sell stocks before the beginning of a potential drawdown. Indeed, sell-offs can be difficult to time, and with the rise of the AI and GLP-1 trends, there’s a good chance the latest dip may just be another bump in the road that doesn’t ..read more

Dividend stocks are passive income sources for many investors, including retirees. Canada’s primary stock market is home to many dividend growers. The latest income alert or dividend hike comes from three different sectors. Financial This year, on Valentine’s Day, Manulife Financial (TSX:MFC) gifted shareholders with a 9.6% increase to the quarterly common dividend. Current investors enjoy an 8.71% year-to-date gain on top of the 5.09% dividend. If you invest today, the share price is $31.44. Besides the nine consecutive years of dividend increases, the $56.8 billion insurer and financial ..read more

Shopify (TSX:SHOP) is one of the biggest e-commerce platform providers in the world and one of the highest-growth stocks on the Canadian stock market. Since its decline in 2022, the company has witnessed significant growth in the market, with shares of Shopify stock roughly tripling off their lows. That said, I think there’s plenty more upside where that came from. Here’s the one hidden catalyst I think investors should be focusing on when it comes to Shopify right now. International, baby Shopify’s core offering is well-known in the North American market, with an impressive penetratio ..read more

Enbridge (TSX:ENB) stock is among the most popular dividend stocks on the Toronto Stock Exchange. If you don’t know it already, the Calgary-based energy transportation and infrastructure giant has been rewarding investors with attractive dividends for about seven decades, which have also been rising for 29 consecutive years. However, ENB’s share prices have been highly volatile in the last few years due mainly to the global pandemic-driven operational challenges and uncertain near-term outlook for energy products. But does that mean Enbridge’s upward trend is over? Is it too late to buy ..read more

The recent pullback in the TSX is giving dividend investors a chance to buy great Canadian dividend-growth stocks at discounted prices for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio. Telus Telus (TSX:T) trades near $21.50 per share at the time of writing compared to more than $34 at the peak in 2022. The stock’s decline is largely due to rising interest rates in Canada over the past two years. The Bank of Canada raised rates to try to get inflation under control. Telus uses debt to fund part of its investments in network upgrades th ..read more

Canadian investors might come across a lot of arguments out there for or against index funds and stocks. When it comes to investing, some might believe clicking once and getting an entire index is the way to go. Others might believe that stocks provide far more growth. So let’s settle it once and for all. Which is the better investment: index funds or stocks? Case for Index funds Index funds can be considered a great investment for a number of reasons. These funds typically track a broad market index, such as the S&P 500. By investing in them you gain exposure to a diverse range of asse ..read more

Are you a Canadian looking to create a practical investment program that generates reliable passive income streams? Investing in a diversified portfolio of high-quality TSX dividend stocks with established track records could be an option. Small regular investments in a curated portfolio of financially strong dividend payers could transform a $500 monthly investment into a $266 annual passive income stream during the remainder of 2024, setting you well on a path towards attaining long-term retirement income goals.   Speaking of retirement planning in Canada, your goals may include prese ..read more

Change brings volatility. While change is the only constant, the pace of change can make a world of difference. For instance, the change the pandemic brought in such a short time of two years disrupted the airline industry. Similarly, the sharp jump in the interest rate from 0.25% to 5% in a year disrupted companies with high leverage. And now, a sharp regulatory shift has put telecom stocks on their toes. Telus Corporation (TSX:T) stock is down 37% from its all-time high. Is this stock a buy right now?  Why is this dividend stock down 37%?  Telus has been i ..read more