Top Canadian Stocks to buy for the rest of 2024

00:29 National Bank $NA.TO
05:26 Dollarama $DOL.TO
09:37 Toromont Industries $TIH.TO

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Twitter: @TheDividendGuy

Disclaimer: The information contained within this video channel is for informational purposes only. It is not intended as a recommendation of the securities highlighted or any particular investment strategy; nor should it be considered a solicitation to buy or sell any security. In addition, this information is not represented or warranted to be accurate, correct, complete, or timely. The securities mentioned in this video may not be suitable for all types of investors and the information contained in this video does not constitute advice. Before acting on any information in this email, readers should consider whether such an investment is suitable for their particular circumstances, perform their own due diligence, and if necessary, seek professional advice.

[richarddespres]

Dolarama has been on my radar for a while now. I might trim some of my winners to make room to add this one into my portfolio. I also used CWB as a back door into NA. I'm looking forward to some success with these two. Thanks again for the great content Mike.

[Cat-hkkg]

I have RY and TD
I sold my BNS so I’m looking to take a position in another CDN bank.


An old time investor once told me just BUY the banks they have all our money !

Your investment thesis for NA seems very solid!

Definitely going to consider NA in the near future.
Thanks

[jessehamlin]

Great picks Mike - I own a boatload of DOL and have done very well. Inflation+immigration has supercharged their growth. Go into any store and its always packed. It dipped pretty good in the 80s and 90s and that was the time to get in but you could buy it now also and would do just fine. Probably the most underated stock in Canada (along w CSU) IMO. I also own some TIH and have done well there also. NA I sold prior to the drop so maybe time to buy some more.

[pathalifax]

My core Canadian holdings: RY, NA, ATD, CNQ, CNR, CPX, FTS, MRU

[philrobinson]

Thanks to DSR my CNQ stock in my portfolio split 2:1
Very happy!! 😊

[mortylevitt]

With all the possible construction that we hear about, what about bird construction or doman building ?

[Cat-hkkg]

I already have Td and Ry
It’s tempting to add Na to the mix
I sold BNS so I’m looking to add another bank
Your investment thesis for NA seems very strong

An old timer investor once said to me Just buy the Cdn Banks … they have all the money !

[karinemelo]

Mike, what do you think about Richelieu ?

[billcarruth]

My portfolio is 100% Allied Properties REIT. As for one that I don't own but would strongly consider, Hammond Manufacturing Company Limited (HMM-A.TO). Hammond has pulled back a bit from it's high point in February but looks like a dividend grower.

[MelvinJimenez-hc]

What platform can I buy Canadian stocks in the U.S

[Northern_Squirrel]

Thanks for the video Mike. I have my “own ZEB” by owning all top 5 banks individually plus NA as well. If NA drops to 100 bucks, I would add more.

[petert]

I really like National Bank as a company to invest in. I am just having a bit of trouble buying because the valuation has grown to a level that feels a bit high (but probably not too bad overall) when there are so many other companies that seem to be trading at what appears to be a pretty good discount long-term. Also, as you stated with your Dollarama discussion there could be a recession/slowdown in the economy, which tends to be not so good for bank revenues. So If we do get a slowdown I am hoping for opportunities to buy more back in the $90s.

[Zizook]

National bank is fantastic. I just was able to find better investing opportunities that yielded more

[CanuckDividends]

3 great choices. I like $CWB and I will be throwing more cash into it before the merger

[cris]

You forgot to say “Bonjour” at the beginning of the video 😀