Currently, Canada’s economy is booming. That’s why you should look to invest in the best stocks available to you. And you can find these stocks right here.
Lithium Americas Corp
Whether you are a seasoned investor or just getting started in the stock market, you might be wondering if Lithium Americas Corp. (OTCQB: LICH) is a good stock to buy right now.
Lithium Americas is a global producer of lithium. The company operates two mines in the US and one in Argentina. It also engages in lithium development projects. Currently, the company is working on obtaining permits for its mines.
The lithium industry is expected to grow, which will create an opportunity for the company. Lithium carbonate equivalent is forecasted to reach 600,000 metric tons by the end of 2022. The demand for lithium is growing due to the increase in the use of electric vehicles.
Brookfield Asset
Buying Brookfield Asset Management stock is a good idea if you are looking for a portfolio staple. This Canadian investment manager has been a long-time leader in alternative investments, and has rewarded investors with exceptional performance. However, there are many risks and considerations to take into account when investing in a stock.
Brookfield’s main business is private equity, and the company invests in high quality companies. Some of the company’s assets include renewable power, real estate, and infrastructure. The company has offices in 30 countries and employs more than 150,000 people.
The company’s investment philosophy is based on a value investing model. Brookfield acquires distressed assets at bargain prices. Then it refinances them to low interest rates. It recycles capital by purchasing more undervalued assets and expanding them during stress.
CIBC
CIBC is one of Canada’s best banks. It’s also a good stock to own for the long term. Despite the recent drop in value, CIBC still offers investors a reliable dividend yield.
CIBC has a strong balance sheet and is well capitalized. Its common equity tier one ratio is over 10%, making it one of the best capitalized banks in the country. It has a healthy profit profile. Its forward price-to-earnings ratio is a low 8.1 times, compared to the average of 10.8 for all Canadian banks. It has a relatively low payout ratio of 50 percent.
TD Bank
It offers a full range of financial services, including investment banking, wealth management, personal and commercial banking, insurance, loans and card programs. It has a global presence with 19 million customers.
The bank is one of the world’s top 25 banks. It has a stable position in the core Canadian market and is developing growth opportunities in the U.S. It has a high dividend yield and a high capital ratio.
TD Bank has the highest dividend growth rate among its peers. Over the past half decade, the bank has grown earnings at a high single-digit rate. TD’s margins are higher than the industry average. However, they are expected to decline in the coming years.
National Bank of Canada
Investing in the best Canadian bank is a matter of careful consideration. It is important to choose a bank that aligns with your investment interests. However, it is impossible to predict how the stock market will perform in the future. There are some stocks that are more growth-oriented than others
If you are looking for a good quality investment in the banking sector, National Bank of Canada is a great choice. It offers typical services in Canada, such as personal and commercial banking, and corporate banking. It is also well-positioned in the U.S. and in Latin America.
StorageVault
During the first trading week of the new year, StorageVault stock reached an all-time high of $7.39 per share. However, in the 12 months since then, shares have declined, albeit slowly.
The self-storage industry has enjoyed a surge in growth in recent years. According to research, the sector will continue to grow over the coming decade.
While StorageVault Canada has a large market presence, its valuation is still quite low. Nonetheless, if you are looking for a solid TSX stock, it is a good place to start.
The company operates through three segments. The first is the self-storage segment, which consists of renting space at the company’s properties. The company also provides portable storage units to customers. The second is the management division, which handles third-party stores. The management division generates the most revenue from the self-storage segment.
Exro
Whether you’re a beginner or an experienced investor, there are a few Canadian stocks to watch out for. They’re all relatively inexpensive right now, and offer a high dividend yield. However, as with any investment, you should be sure to do your research.
Shopify (TSX: SYW) is a leading e-commerce platform and one of the best Canadian stocks to buy right now. It’s one big store. It offers virtually anything you could want. And with 300,000 active subscribers, it has a good chance of continuing to thrive in the future.
Exro Technologies Inc (TSX: EXRO) is a Canadian technology company specializing in battery control system technology for stationary energy storage. The company also develops intelligent control solutions for power electronics. It serves elevator and appliance markets, as well as the conveyor market. The company has a number of projects underway in both the US and Argentina.
