3 Canadian Stocks for US Investors
The Toronto Stock Exchange is a surprisingly robust market full of highly profitable companies.
avatar
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.
2022-06-25 11:25

Investing in Canadian Companies
We don’t often think to look outside of the US markets for investments. Usually, if there are Asian or European companies we want to invest in, they will have an ADR or American Depository Receipt trading on the US stock market. Many bigger companies even have their stocks trading on the US OTC markets. But what about our friendly neighbors to the north? The Toronto Stock Exchange is a surprisingly robust market full of highly profitable companies from blue-chip sectors. You won’t find many high-growth tech stocks listed, but there are solid companies that you can invest in. One of the best things about these stocks is that all three also trade on the NYSE if you want to save on any withholding taxes or foreign exchange fees!
3 Canadian Stocks for US Investors
Brookfield Asset Management (NYSE:BAM)
You’ve likely heard about Brookfield in some capacity as it has a fairly large footprint in the US as well. This asset management company is a sprawling infrastructure conglomerate, with several subsidiaries that also trade publicly including Brookfield Renewable Partners (NYSE:BEP) and Brookfield Infrastructure Partners (NYSE:BIP). BAM owned $391 billion USD in total assets at the end of 2021, and is always on the lookout for highly profitable infrastructure deals to acquire. It is a 123-year old company that is seen as a backbone in Canada’s economy.

Enbridge Inc (NYSE:ENB)
Enbridge is a global giant in the oil and gas pipeline industry and operates the largest pipeline network in North America. It operates primarily in North America with pipelines stretching across the US, Canada, and into the Gulf of Mexico. Enbridge has even diversified its portfolio of assets by bridging into the renewable energy sector. The company owns wind farms, solar parks, waste energy facilities, and even geothermal and hydroelectric plants. It is also one of the largest natural gas pipeline operators in the world, delivering a bulk of Canada’s natural gas supply. The best part about Enbridge? It seems to be immune to bear markets as it is up by 4.0% on the year so far. While you won’t see a ton of long-term capital growth, Enbridge pays one of the healthiest dividend yields in the industry with a 6.46% annualized yield.

Toronto Dominion Bank (NYSE:TD)
Canadian banks have long been a cheat code for dividend investors. They pay some of the highest yields in the industry, including compared to American banks. Toronto Dominion recently surpassed the Royal Bank of Canada (NYSE:RY) as the largest bank in Canada by assets under management. In terms of size, its market cap is higher than CitiBank (NYSE:C) and slightly below Wells Fargo (NYSE:WFC), so it’s a substantial company. TD has global operations, including a significant portion in the United States. The stock pays a 4.31% dividend yield which is higher than every major US Bank aside from CitiBank which pays a 4.40% yield.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2022-06-25 11:25

avatar
About the Author
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

Is Rivian (RIVN) Stock a Buy Again?
The company continues to bleed money and is losing more than $40,000 per vehicle.
By Mike Sakuraba | 2 weeks ago

2 Stocks to Buy on a Pullback
Here are two stocks I’ll buy if we pull back in March.
By Mike Sakuraba | 2 weeks ago

2 Stocks to Buy for the March Bull Run
Here are 2 I have my eyes on for March.
By Mike Sakuraba | 3 weeks ago

Bitcoin is Hot: 2 Stocks to Buy Now
Here are 2 lesser-known crypto stocks that I think will benefit from Bitcoin’s bull run.
By Mike Sakuraba | 3 weeks ago

2 Stocks to Buy on the Earnings Dip
Here are two stocks that sold off that I have my eye on!
By Mike Sakuraba | 3 weeks ago

2 Stocks I'm Never Buying Again
Never is such a strong word but when it comes to investing, it is easy to never want to buy a stock again.
By Mike Sakuraba | 1 month ago

2 Stocks to Ride the NVIDIA Hype Train
Now that NVIDIA (NASDAQ: NVDA) saved the market again, is it finally time to buy?
By Mike Sakuraba | 1 month ago

Is it Too Late to Buy SMCI Stock?
Is it too late to get into SMCI after this parabolic run?
By Mike Sakuraba | 1 month ago