Latest news with #TSX
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5 hours ago
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Where Will iA Financial Be in 10 Years?
Written by Jitendra Parashar at The Motley Fool Canada The financial sector has been leading the charge on the TSX over the last year, with iA Financial (TSX:IAG) emerging as one of the sector's top performers. After surging 66% in the last 12 months, iA stock now trades around $142 per share and has a market cap of $13.2 billion. At this price, it offers a 2.5% annualized dividend yield. This solid performance might be a reflection of the company's growing asset base, strong earnings momentum, and a business that's executing well across its insurance and wealth management segments. But with IAG stock now priced near all-time highs, the question is whether the company can maintain its current growth trajectory over the next decade. Let's take a closer look at iA Financial stock's key fundamental growth drivers and explore where it could be a decade from now. One big reason for the recent climb in iA Financial stock could be the stable demand for its life and health insurance solutions, as well as its growing wealth management presence. Even on the economic front, things have been supportive for financial stocks. Despite market volatility and concerns over U.S. tariffs and global trade tensions, the Canadian economy has held up reasonably well. iA's exposure to both Canadian and U.S. markets has enabled it to benefit from improving vehicle inventory levels and consumer affordability in the U.S., while also riding the wave of recovery in Canada's wealth and insurance sectors. In fact, its assets under management and administration reached over $264 billion by the end of the first quarter of 2025, reflecting a 15% YoY (year-over-year) jump. That's been a big confidence booster for iA Financial investors. In the first quarter, the financial firm's core earnings grew 19% YoY to $2.91 per share, suggesting that the business isn't just coasting on investor optimism but is also delivering real results. iA Financial recorded gains across all three of its key segments, including insurance, wealth management, and U.S. operations. Its wealth management segment especially performed exceptionally well, with record segregated fund sales surging by 52% from a year ago to cross $1.9 billion. Meanwhile, iA's U.S. operations showed impressive growth last quarter, with the segment's individual insurance sales jumping 62% YoY. And due to its disciplined approach, the company's capital base remains strong with a solvency ratio of 132% and $1.4 billion in capital. At its latest investor event held in February, iA Financial laid out ambitious but achievable goals. Interestingly, the company is targeting over 10% annual growth in earnings per share and an over 17% return on equity by 2027. Also, it expects to keep generating over $650 million in organic capital this year alone, preparing for expansion through smart acquisitions and investments. With its strong balance sheet, consistent dividend, and clear growth roadmap, iA Financial stock looks like more than just a short-term win. If it keeps executing like this, the stock could be trading at a significantly higher level a decade from now – making today's price look like a big bargain. The post Where Will iA Financial Be in 10 Years? appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
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5 hours ago
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2 Canadian Stocks That Could Turn $10,000 Into $100,000
Written by Amy Legate-Wolfe at The Motley Fool Canada When markets feel uncertain, the idea of turning $10,000 into $100,000 sounds almost too good to be true. But every so often, certain stocks line up the right mix of growth potential, industry momentum, and financial strength to make it a real possibility. On the TSX, two Canadian stocks that stand out right now are Celestica (TSX:CLS) and ATS (TSX:ATS). Each brings something different to the table, but both could have the power to deliver serious long-term gains. Celestica is a global leader in electronics manufacturing and supply chain solutions. It works across industries such as aerospace, healthcare, and industrial equipment. While it's not a flashy tech stock, it has quietly become one of the most impressive turnaround stories on the TSX. Its recent earnings beat expectations, and the Canadian stock even raised its 2025 guidance. That's helped fuel a strong rally, with the stock climbing more than 30% in a single month following the announcement. The Canadian stock's recent quarterly results showed a continued increase in margins and revenue. With a market cap of about $20.7 billion, it still has room to grow. Celestica is benefiting from strong demand in its advanced technology segment and re-shoring trends as companies look to move manufacturing out of more volatile regions. As businesses invest in local, secure, and highly automated production, Celestica stands to gain. Over time, the power of compounding takes over. If Celestica were to grow at an average annual rate of 25% over the next decade, a $10,000 investment today could realistically be worth more than $93,000. Add in a few more strong quarters or an acquisition, and you're suddenly knocking on the door of that six-figure mark. Then there's ATS. This is a Canadian stock rooted in automation. It builds factory solutions for the life sciences, battery assembly, food and beverage, and clean tech sectors. With global companies racing to automate production and scale sustainable technology, ATS is in the right place at the right time. But its recent earnings report reminded investors that growth doesn't always happen in a straight line. ATS reported revenue of $2.5 billion for fiscal 2025, down 17% from the previous year. It also posted a loss of $0.70 per share, compared to a profit of $0.49 per share a year ago. The decline hit the Canadian stock hard. But despite the dip in revenue and earnings, ATS continues to generate strong adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and maintains a solid backlog of future work. It's also worth considering the starting point. With a market cap around $4.1 billion, ATS still falls in the mid-cap range, leaving plenty of room for a multi-bagger move. If the Canadian stock returns to consistent double-digit revenue growth and improves margins, it could easily see its valuation rise dramatically over the next five to ten years. Of course, no Canadian stock is a sure thing. Celestica operates in a competitive space and depends on supply chain stability. ATS is exposed to cycles in capital investment and has work to do to regain investor trust. Yet both companies are backed by real demand, strong leadership, and smart positioning to benefit from key global trends. For investors with patience, a bit of risk tolerance, and a long-term mindset, these two Canadian stocks might just be the kind that can turn a $10,000 investment into something much bigger. It won't happen overnight, but with the right moves and a little market tailwind, the math makes sense. And in today's market, that kind of potential is worth a second look. The post 2 Canadian Stocks That Could Turn $10,000 Into $100,000 appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends ATS Corp. The Motley Fool has a disclosure policy. 2025 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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5 hours ago
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3 Top Stocks to Buy With $7,000 and Hold for Decades in Your TFSA
Written by Andrew Walker at The Motley Fool Canada With the TSX trading near its record high, investors are wondering which top Canadian dividend stocks might still be good to buy right now for a self-directed Tax-Free Savings Account (TFSA) focused on passive income and total returns. Fortis (TSX:FTS) doesn't offer a high dividend yield, but the dividend-growth outlook and the reliability of the revenue and cash flow make the utility company hard to beat when it comes to finding a solid stock to own for income and long-term capital gains. Fortis owns $75 billion in utility assets spread out across Canada, the United States, and the Caribbean. The businesses include power generation facilities, electricity transmission networks, and natural gas distribution utilities. Companies and households need electricity and natural gas regardless of the state of the economy, so Fortis is a good stock to own during challenging economic conditions. Fortis grows through acquisitions and organic developments. The current $26 billion capital program is expected to raise the rate base from $39 billion in 2024 to $53 billion in 2029. As the new assets are completed and go into service, the increase in earnings should support planned annual dividend hikes of 4% to 6% over five years. Fortis raised the dividend in each of the past 51 years. Enbridge (TSX:ENB) is also a player in the natural gas distribution sector. In fact, its US$14 billion purchase of three natural gas utilities in the United States in 2024 made Enbridge the largest operator of natural gas utilities in North America. These assets, when combined with Enbridge's extensive natural gas transmission and storage assets in Canada and the United States, position the business to benefit from the anticipated surge in natural gas demand in the coming years. Gas-fired power generation plants are being built to supply electricity to hundreds of new AI data centres. Enbridge's oil pipeline infrastructure and oil export terminal remain strategically important for Canada and the United States. Enbridge's network moves about 30% of the oil produced in the two countries. Investors received a dividend increase in each of the past 30 years. The current $28 billion capital program should support ongoing dividend growth. Investors who buy ENB stock at the current price can get a dividend yield of 6%. Bank of Nova Scotia (TSX:BNS) is arguably a contrarian pick in the Canadian bank sector. The stock has underperformed its large peers for several years, but a new CEO is driving a turnaround plan designed to improve investor returns. The bank is shifting its growth focus away from Latin America to the United States and Canada. Bank of Nova Scotia spent US$2.8 billion in 2024 to buy a 14.9% stake in KeyCorp, an American regional bank. The deal gives Bank of Nova Scotia a platform to expand its U.S. presence. Earlier this year, the Bank of Nova Scotia sold its businesses in Colombia, Costa Rica, and Panama. It still has large operations in Mexico, Chile, and Peru. Investors will need to be patient, but the stock should be attractive at the current price, and you get paid a solid 5.9% dividend yield to wait for the transition plan to deliver results. Fortis, Enbridge, and Bank of Nova Scotia pay attractive dividends that should continue to grow. If you have some cash to put to work in a TFSA focused on dividend income, these stocks deserve to be on your radar. The post 3 Top Stocks to Buy With $7,000 and Hold for Decades in Your TFSA appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Andrew Walker has no position in any stock mentioned. The Motley Fool recommends Bank of Nova Scotia, Enbridge, and Fortis. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
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6 hours ago
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3 TSX Stocks to Build Wealth Over the Next Decade
Written by Jitendra Parashar at The Motley Fool Canada Building long-term wealth in the stock market is less about reacting to day-to-day news and more about filtering out the noise and sticking to your plan. In addition, it mainly requires patience and, above all, fundamentally strong stock picks. Even with the at all-time highs, the market still has plenty of great opportunities. In fact, I find many of Canada's strongest companies undervalued based on their long-term growth prospects. In this article, I'll cover three TSX-listed stocks that could offer serious upside in the long run and are worth holding onto. The first stock that could fit nicely in a long-term investor's portfolio is TFI International (TSX:TFII). This transportation and logistics giant, with operations across Canada, the U.S., and Mexico, has been through a rough patch lately. TFI stock is currently trading at $123.87 per share, with a market cap of about $10.3 billion and a quarterly dividend with a nearly 2% annualized yield. TFI reported a dip in earnings in the first quarter of 2025 as weak freight demand weighed on its results. But it still managed to post a 5% YoY (year-over-year) rise in its total revenue to US$1.96 billion with the help of new acquisitions like Daseke, which boosted its truckload segment's performance. More importantly for long-term investors, TFI continues to generate strong free cash flow and remains committed to rewarding shareholders through dividends and buybacks. With a disciplined strategy and growing presence in North America, this logistics stock has the potential to see a bounce back and deliver solid gains over the next decade. The second TSX stock worth a look for patient investors right now is Boyd Group Services (TSX:BYD), which is a major player in the auto collision and glass repair business across North America. The company recently posted mixed first-quarter results, with its revenue slipping 1% YoY to US$778.3 million. But despite softer demand, it gained market share and managed to improve gross margins to 46.2% due mainly to better pricing and in-house service expansion. Interestingly, Boyd's new leadership is currently focusing on a cost-cutting strategy to unlock $100 million in savings by 2029. Boyd stock is currently trading at $206.11 per share, giving it a market cap of about $4.4 billion. The stock has slipped about 23% over the last year, but with a long-term annual revenue target of US$5 billion, it could reward patient holders in the years ahead. Rounding out this list of long-term TSX opportunities is Richelieu Hardware (TSX:RCH), a firm that supplies specialty hardware and complementary products to manufacturers and retailers across North America. RCH stock is currently trading at $34.77 per share with a market cap of about $1.9 billion and offers a modest annualized dividend yield of 1.8%. While it has dropped nearly 13% over the last 12 months, Richelieu remains focused on long-term growth moves. In the first quarter of 2025, the company's sales rose 8.6% YoY, supported by five new acquisitions that expanded its presence in both Canada and the United States. It also continues to invest in retail and distribution upgrades, preparing itself for future demand. Moreover, for long-term investors, Richelieu's disciplined expansion strategy and consistent cash generation could make it a solid compounder over time. The post 3 TSX Stocks to Build Wealth Over the Next Decade appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Boyd Group Services, Richelieu Hardware, and TFI International. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
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6 hours ago
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Where to Invest $5,000 in the TSX Today
Written by Amy Legate-Wolfe at The Motley Fool Canada Inflation may be cooling slightly, but most Canadians are still feeling the squeeze. The April 2025 Consumer Price Index (CPI) data showed consumer prices rose 2.7% year over year, down from 2.9% in March. While that's a step in the right direction, core inflation remains stubbornly above 3%. Everyday essentials like rent, transportation, and food continue to weigh heavily on household budgets. For investors, that kind of environment calls for steady, inflation-resistant income. And if you're looking to put $5,000 to work on the TSX today, Brookfield Infrastructure Partners (TSX: is one of the most attractive options. Brookfield Infrastructure owns and operates critical infrastructure assets across the globe. That includes everything from regulated utilities and gas pipelines to toll roads, rail networks, and data centres. These are the kinds of services people rely on, no matter what the economy is doing. And for investors, that means consistent revenue, strong pricing power, and built-in protection against inflation. In its most recent earnings report, Brookfield Infrastructure delivered strong results. For the first quarter of 2025, it posted US$646 million in funds from operations, or US$0.82 per unit. That marked a 5% increase from the same period last year. The results were driven by inflation-indexed growth in its utilities segment and recent project completions in both data and transport. While net income came in lower at US$125 million due to non-cash valuation changes, the core operating performance remained solid and dependable. The company's revenue streams are heavily indexed to inflation. That means when prices go up, Brookfield often gets to charge more, especially across its regulated utilities. That's a significant advantage in a high-cost environment. It also justifies the dividend stock's most recent move: increasing its quarterly distribution by 6%. That brings its annual payout to roughly US$1.72 per unit, which translates to a yield of about 4.6% at current prices. For Canadian investors, that means a $5,000 investment in Brookfield Infrastructure could yield around $180 per year in cash. With the unit price hovering around $45.53, you could purchase approximately 109 units. It's not just a decent return, it's one that tends to grow over time. The dividend stock has a history of raising distributions each year, and management has reaffirmed its commitment to long-term growth through continued capital investment. COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY INVESTMENT TOTAL $45.53 109 $1.64 annual $178.76 Quarterly $4,963.77 That capital is being put to work right now. Brookfield is in the process of acquiring Colonial Enterprises, a large U.S. pipeline operator, for about US$9 billion. Once completed, this deal will significantly boost its midstream energy footprint. At the same time, it continues to sell off mature assets to recycle capital into new opportunities. In the first quarter alone, the dividend stock raised over US$1.4 billion through asset sales, strengthening its balance sheet and providing flexibility for future investments. Even with some debt on the books, Brookfield Infrastructure maintains investment-grade credit ratings and manages interest rate risk carefully. It refinances prudently and takes advantage of long-term, fixed-rate structures where possible. While infrastructure stocks can be sensitive to rising interest rates, Brookfield's cash flow reliability and inflation-linked contracts help offset those pressures. Of course, no dividend stock is without risk. Currency swings can affect reported earnings, and regulatory changes could impact future rate increases. But Brookfield's globally diversified portfolio and disciplined approach help manage those challenges effectively. It's also worth noting that many of its services, like energy transmission, transportation, and data, are not optional. That makes its income more durable than many consumer-facing businesses. If you're sitting on $5,000 and looking for where to invest in the TSX today, Brookfield Infrastructure is one of the most compelling options out there. It combines a strong, inflation-resistant business model with a rising dividend, ongoing growth initiatives, and solid long-term performance. In a market that's still full of uncertainty, this is the kind of dependable income generator that can anchor a portfolio for years to come. The post Where to Invest $5,000 in the TSX Today appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Infrastructure Partners. The Motley Fool has a disclosure policy. 2025
