With the market shifting to defensive mode, Canadian industrial stocks are back in style. Investors are clearly in the mood for solid (boring?) dependable earnings that can keep up with an inflation-heavy environment. While Canadian railroad stocks and Canadian airline stocks are technically considered Canadian industrial stocks, we decided that they needed their own articles. While the Toronto Stock Exchange isn’t exactly teeming with great industrial stocks - aside from the railway d...| Million Dollar Journey
Many people love investing in dividend stocks for their predictable income stream. One of our most popular articles is our best Canadian dividend stocks list. Many investors are looking in particular for the best high yield Canadian stocks, so each year we provide the updated list below. You may notice we haven’t picked the stocks with the absolute highest dividend payouts and may be curious why we wouldn’t simply load up on those. Well, different investors have different goals. Some in...| Million Dollar Journey
I’ve been writing about the “Dogs of the TSX” Canadian investing strategy for about twelve years now. I can’t claim that I was the creator of the idea though. In fact, no Canadian can really lay claim to the “Dogs’” principles. The Dogs of the TSX can trace its roots back to the “Dogs of the Dow” strategy in the USA. The first place that I saw the idea being applied to Canada was when MoneySaver magazine started writing about the BTTSX or Beating the TSX Dividend Stock Strat...| Million Dollar Journey
While Canadian technology stocks have been some of the fastest growing stocks on the Toronto Stock Exchange over the last decade (especially during the pandemic), they are still a relatively small part of our investing ecosystem. We have a lot of great Canadian dividend stocks, Canadian bank stocks, Canadian energy stocks, etc. But when it comes to tech stocks in Canada, they only make up about 5-6% of our publicly traded stocks. (That’s according to the FTSE Canada All-Cap Index.) By co...| Million Dollar Journey
If you have been like many investors and sticking with an easy, passive all-in-one ETF, but looking to try out something a bit more active, investing in commodities in Canada could be just the thing to scratch that itch. Commodities are consumer products such as energy, metals and agriculture tend to fare particularly well in times of high inflation. As inflation rates continue to rise worldwide, we can expect commodities to continue to surpass stock returns. So, now is the perfect time to co...| Million Dollar Journey
I am a cautious investor given that I am in the semi-retirement stage. While I would acknowledge that growth is important for a retiree or near-retiree, I want most of our equity positions to be in the quality or high-quality camp so that I can sleep easy at night. That’s why a portfolio that invests in wide moat stocks such as grocers, railways, and utilities - plus a couple of semi-wide moat stocks - are a great fit (and one that I have a lot of confidence in). This low-risk mix has off...| Million Dollar Journey
A blue chip stock refers to stocks of high value companies. Think companies that are household names, have a widely recognized brand and are so big that they are unlikely to fail. The top blue chip stocks in Canada include companies from a wide range of sectors; utilities, industrial, financial and consumer staples. These companies often have very little - if any - competition, which is a great thing if you are one of their investors. On top of having a large market capitalization, and the ...| Million Dollar Journey
Dividend earning stocks are appealing for a number of reasons. They can help you earn passive income, are generally more stable in a volatile market, and are a great hedge against inflation. If you are thinking about investing in Canadian telecom dividend stocks, now might be the right time. Canadian Telecom companies have historically been a great choice when it comes to dependable dividends. They might not seem as exciting as some of the other options out there, but with all of us increasin...| Million Dollar Journey
There is a reason why so many of Canada’s best utility stocks are also on our overall list of best dividend stocks in Canada: They are natural oligopolies/monopolies, meaning that can pass along increasing costs almost instantly, and have really solid yields for income-seeking investors. This combination makes them a natural fit for Canadian investors looking for inflation hedge stocks. Some people consider Canadian utility stocks “boring” compared to high volatility “get rich/poor qu...| Million Dollar Journey
It’s no secret that we’re big fans of Canadian dividend stocks here at MDJ, and while we have given some shine to Canadian energy stocks over the last couple of years, we have always just sort of tossed the Canadian pipeline stocks in alongside those big energy producers. The fact is the Canadian pipeline stocks - often described as “mid-stream” due to their place in the supply chain - actually offer superior dividend cash flow relative to their energy producer cousins. Their busine...| Million Dollar Journey
Should you worry about re-working your whole portfolio around the idea of choosing the best Canadian inflation stocks? Probably not. Of course that’s easier said than done as we proceed through stubborn inflation trends in 2023. When we started 2022, inflation was only being mumbled about by a very small cohort of market experts (shout out to Larry Summers). We then proceeded to see central banks fall further and further behind the inflation curve, before finally realizing that they had...| Million Dollar Journey
Investing in Canadian Dividend Kings (sometimes known as Dividend Aristocrats) tends to come back into fashion when bond yields and GIC rates start to go down. With safer assets generating so little income, dependable dividend payers begin to look more and more attractive. Of course, staying committed to dividends can be a challenge when stocks like Nvidia are soaring. The real test for any dividend investor is sticking to the plan through thick and thin. Click here to jump directly to my 202...| Million Dollar Journey
It is no secret that the Canadian stock market is not very well diversified by sector. Canada is largely financial, energy and materials, with all of that other stuff in between. By investing in Canadian retail stocks, investors can add some much-needed diversification. Canadian retail stocks can also help investors profit during times of economic strength and certain types of retail stocks can offer a nice hedge against periods of slow growth or recessions. A certain segment of Canadian ...| Million Dollar Journey