What are Canadian blue chip stocks?Our definition of a blue chip stock is simply one that has a large market capitalization and is a top company in its industry. Typically I look for high quality stocks that are within the top three in terms of performance in the sector, but industries like the Canadian banking industry can have a multitude of stocks I consider blue chip even if they aren't a front runner. Blue chip stocks are often the backbone of an investors portfolio, and are held for the long term. Investors, especially those just learning how to buy stocks in Canada, should make high quality blue-chip stocks their primary focus. They provide long term stability and usually (but not always like I stated above) an excellent dividend.
Why is that?Well, a "blue-chip" stock is often well established and has been financially sound for decades. This differs from growth stocks, as an investment in them is often banking on the growth potential of the company, not its previous results and can have extensive swings in price over the long term. An interesting piece of information before we move on to the best blue chips stocks in Canada though. Did you know that the term blue chip, when it comes to the stock market, is derived from the game of poker? Typically, blue chips held the highest value, and as such were the most important to hold in your stack. With all that said, here is a list of high quality Canadian blue chip stocks you need to be looking at in 2021. The list is dominated by energy, financial and railroad companies, but this is to be expected as they take up a large majority of the TSX.
What are the best Canadian blue chip stocks?
10. Barrick Gold (TSX:ABX)
10 year dividend adjusted return of ABX vs the TSX:
9. TC Energy (TSX:TRP)
10 year dividend adjusted return of TRP vs the TSX:
8. Canadian Pacific Railroad (TSX:CP)
10 year dividend adjusted return of CP vs the TSX:
7. Canadian Apartment Properties REIT (TSX:CAR.UN)
10 year dividend adjusted return of CAR.UN vs the TSX:
6. BCE Inc (TSX:BCE)
10 year dividend adjusted return of BCE vs the TSX:
5. Metro (TSX:MRU)
10 year dividend adjusted return of MRU vs the TSX:
4. Constellation Software (TSX:CSU)
10 year dividend adjusted return of CSU vs the TSX:
3. Canadian National Railway (TSX:CNR)
10 year dividend adjusted return of CNR vs the TSX:
2. Royal Bank of Canada (TSX:RY)
10 year dividend adjusted return of RY vs the TSX:
1. Fortis (TSX:FTS)
10 year dividend adjusted return of FTS vs the TSX:
Victor Davis Hanson: The Afghanistization Of America
Victor Davis Hanson: The Afghanistization Of America
Authored by Victor Davis Hanson via AmGreatness.com,
The United States should be at its pinnacle of strength. It still produces more goods and services than any other nation—China included
The United States should be at its pinnacle of strength. It still produces more goods and services than any other nation—China included, which has a population over four times as large. Its fuel and food industries are globally preeminent, as are its graduate science, computer, engineering, medical, and technology university programs. Its constitution is the oldest of current free nations. And the U.S. military is by far the best funded in the world. And yet something has gone terribly wrong within America, from the southern border to Afghanistan.
The inexplicable in Afghanistan—surrendering Bagram Air Base in the middle of the night, abandoning tens of billions of dollars of military equipment to the Taliban, and forsaking both trapped Americans and loyalist Afghans—has now become the new Biden model of inattention and incompetence.
Or to put it another way, when we seek to implant our culture abroad, do we instead come to emulate what we are trying to change?
Take COVID-19. Joe Biden in 2020 (along with Kamala Harris) trashed Trump’s impending Operation Warp Speed vaccinations. Then, after inauguration, Biden falsely claimed no one had been vaccinated until his ascension (in fact, 1million a day were being vaccinated before he assumed office). Then again, Biden claimed ad nauseam that he didn’t believe in mandates to force the new and largely experimental vaccinations on the public. Then, once more, he promised that they were so effective and so many Americans had received vaccines that by July 4 the country would return to a virtual pre-COVID normality.
Then came the delta variant and his self-created disaster in Afghanistan.
To divert his attention away from the Afghan morass, Biden weirdly focused on an equally confused new presidential COVID-19 mandate, seeking to subject federal employees, soldiers, and employees of larger firms to mandatory vaccinations—right as the contagious delta variant seemed to be slowly tapering off, given the millions who have either been vaxxed, have developed natural immunity, or both.
Consider other paradoxes. American citizens must be vaccinated, but not the forecasted 2 million noncitizens expected to cross the southern border illegally into the United States over the current fiscal year. Soldiers who bravely helped more than 100,000 Afghan refugees escape must be vaccinated, but not the unvetted foreign nationals from a premodern country?
Scientists now are convinced naturally acquired COVID-19 immunity from a previous infection likely provides longer and better protection than does any of the current vaccinations.
Yet those who suffered COVID-19, and now have antibodies and other natural defenses, must likewise be vaccinated. That anomaly raises the obvious logical absurdities: will those with vaccinations—in reciprocal fashion—be forced to be exposed to the virus to obtain additional and superior natural immunity, given the Biden logic of the need for both acquired and vaccinated immunity?
We have Afghanistanized the border as well, turning the United States into a pre-state whose badlands borders are absolutely porous and fluid. There is no audit of newcomers, no vaccinations required, no COVID-19 tests—none of the requirements that millions of citizens must meet either entering the United States or working at their jobs. Our Bagram abandonment is matched by abruptly abandoning the border wall in mid-course.
Yet where the barrier exists, there is some order; where Joe Biden abandoned the wall, there is a veritable stampede of illegal migration.
October 7, 2019. Mark Wilson/Getty Images
Coups, Juntas and Such
Third-World countries suffer military coups when unelected top brass and caudillos often insidiously take control of the country’s governance in slow-motion fashion. The latest Bob Woodward “I heard,” “they say,” and “sources reveal” mythography now claims that General Mark Milley, chairman of the Joint Chiefs, discussed separating an elected commander-in-chief from control of the military. Woodward and co-author Robert Costa also assert that Milley promised his Chinese Communist military counterpart that he would tip off the People’s Liberation Army of any planned U.S. aggressive action—an odd paranoia when Donald Trump, of the last five presidents, has proved the most reluctant to send U.S. troops into harm’s way.
If that bizarre assertion is true, Milley himself might have essentially risked starting a war by eroding U.S. deterrence in apprising an enemy of perceived internal instability inside the executive branch, and the lack of a unified command. (So, Woodward wrote: “‘General Li, I want to assure you that the American government is stable, and everything is going to be okay,’ Milley said. ‘We are not going to attack or conduct any kinetic operations against you.’ Milley then added, ‘If we’re going to attack, I’m going to call you ahead of time. It’s not going to be a surprise.’”)
More germanely, when Milley called in senior officers and laid down his own operational directives concerning nuclear weapons, he was clearly violating the law as established and strengthened in 1947, 1953, and 1986 that clearly states the Joint Chiefs are advisors to the president and are not in the chain of command and are to be bypassed, at least operationally, by the president.
The commander in chief sets policy. And if it requires the use of force, he directs the secretary of defense to relay presidential orders to the relevant theater commanders. Milley had no authority to discuss changing nuclear procedures, much less to convey a smear to an enemy that his commander in chief was non compos mentis.
Milley has been reduced to a caricature of a caricature right out of “Dr. Strangelove”—and is himself a danger to national security. After Milley’s summer 2020 virtue-signaling “apology” for alleged presidential photo-op misbehavior (found to be completely false by the interior department’s inspector general); after leaked news reports that Milley considered resignation (promises, promises) to signal his anger at Trump in summer 2020; after his dismissal of the 120 days of rioting, 28 deaths, 14,000 arrests, and $2 billion in damage as mere “penny packet protests”; after his “white rage” blathering before Congress; after the collapse of the U.S. military command in Kabul; and after his premature and hasty assessment of a U.S. drone strike that killed 10 innocent civilians as “righteous,” Woodward’s sensationalism may not sound as impossible as his usual fare.
Milley should either deny the Woodward charges and demand a real apology or resign immediately. He has violated the law governing the chain of command, misused his office of chairman of the Joint Chiefs, politicized the military, proved inept in his military judgment and advice, and may well have committed a felony in revealing to a hostile military leader that the United States was, in his opinion, in a crisis mode.
Yet, Milley did not act in isolation. Where did this low-bar Pentagon coup talk originate? And who are those responsible for creating a culture in which unelected current and retired military officers, sworn to uphold the constitutional order and the law of civilian control of the military, believe that they can arbitrarily declare an elected president either incompetent or criminal—and thus subject to their own renegade sort of freelancing justice?
As a footnote, remember that after little more than a week of the Trump presidency, Rosa Brooks, an Obama-era Pentagon appointee, published in Foreign Policy various ways to remove the newly inaugurated president. Among those mentioned was a military coup, in which top officers were to collude to obstruct a presidential order, on the basis of their own perceptions of a lack of presidential rectitude or competence.
We note additionally that over a dozen high-ranking retired generals and admirals have serially violated the uniform code of military justice in demonizing publicly their commander in chief with the worst sort of smears and slanders. And they have done so with complete exemption and in mockery of the very code they have sworn to abide.
Two retired army officers, colonels John Nagl and Paul Yingling, on the eve of the 2020 election, urged Milley to order U.S. army forces to remove Trump from office if in their opinion he obstructed the results of the election—superseding in effect a president’s elected powers as well as those constitutional checks and balances of the legislative and judicial branches upon him.
We know that these were all partisan and not principled concerns about an alleged non compos mentis president, because none of these same outspoken “Seven Days in May” generals have similarly violated the military code by negatively commenting publicly on the current dangerous cognitive decline of Joe Biden and the real national security dangers of his impairment, as evidenced by the disastrous skedaddle from Afghanistan and often inability to speak coherently or remember key names and places.
In short, is our new freelancing and partisan military also in the process of becoming Afghanized—too many of its leadership electively appealing to pseudo-higher principles to contextualize violating the Constitution of the United States and, sadly, too many trying to reflect the general woke landscape of the corporate board to which so many have retired? Like tribal warlords, our top brass simply do as they please, and then message to us “so what are you going to do about it?”
Achin, Afghanistan, 2011. John Moore/Getty Images
The Constitution as Construct
How paradoxical that the United States has sent teams of constitutional specialists to Iraq and Afghanistan to help tribal societies to draft legal, ordered, and sustainable Western consensual government charters that are not subject to the whims of particular tribes and parties. Yet America itself is descending in the exact opposite direction.
Suddenly in 2021 America, if ancient consensual rules, customs, and constitutional mandates do not facilitate and advance the progressive project, then by all means they must end—by a mere one vote in the Senate. It is as if the centuries of our history, the Constitution, and the logic of the founders were analogous to a shouting match among a squabbling Taliban tribal council of elders.
Junk the 233-year-old Electoral College and the constitutional directive to the states to assume primary responsibilities in establishing voting procedures in national elections. End the 180-year-old Senate filibuster. Do away with the now bothersome 150-year nine-justice Supreme Court. And scrap the 60-year-old tradition of a 50-state union.
Impeachment was intended by the founders as a rare reset of the executive branch in extremis. Now it is to be a pro formaattack on the president in his first term by the opposite party as soon as it gains control of the House—without a special counsel, without witnesses and cross-examinations, without any specific high crimes and misdemeanors or bribery and treason charges. And why not from now on impeach a president twice within a year—or try him in the Senate when he is out of office as a private citizen?
When private citizen Joe Biden is retired from the presidency, will his political enemies dig up his sketchy IRS records alleging that he never paid income taxes on the “big guy’s” “10 percent” of the income from the Hunter Biden money machine?
We may think virtue-signaling pride flags, gender studies, and George Floyd murals in Kabul remind the world of our postmodern sophistication. Yet, in truth, we are becoming far more like Afghanistan in the current tribalization of America—where tribal, racial, and ethnic loyalties are now essential to an American’s primary identity and loyalty—than we were ever able to make Afghanistan like us.
When we read leftist heartthrob Ibram X. Kendi’s endorsement of overt racial discrimination or academic and media obsessions with a supposed near-satanic “whiteness,” or the current fixations on skin color and first loyalties to those who share superficial racial affinities, then we are not much different from the Afghan tribalists. We in America apparently have decided the warring badlands of the Pashtuns, Tajiks, Hazaras, and Uzbeks have their advantages over a racially blind, consensual republic. They are the model to us, not us of the now-discredited melting pot to them.
How sad in our blinkered arrogance that we go across the globe to the tribal Third World to teach the impoverished a supposedly preferrable culture and politics, while at home we are doing our best to become a Third-World country of incompetency, constitutional erosion, a fractious and politicized military elite, and racially and ethnically obsessed warring tribes.
Best Dividend Stocks In 2021? 4 To Watch This Week
Dividend stocks to know amidst debates over debt limit and choppy markets.
The post Best Dividend Stocks In 2021? 4 To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.
4 Dividend Stocks Worth Checking Out In A Down Market
As we begin another trading week, dividend stocks are once again at the forefront for investors. For the most part, this could be thanks to various factors, international and domestic, that are weighing on the stock market today. To begin, the market appears to be reacting to significant declines in overseas equities. The likes of which are closely linked to the possible default of a major Chinese real estate company, Evergrande. If anything, this would echo the aftermath of a recent slew of disappointing international economic data influencing the overall recovery trade now.
At the same time, investors could also be treading lightly ahead of the Federal Reserve’s September meeting. The monetary policy meeting would be the launching point for additional debate regarding the Fed’s tapering and overall economic outlook. Now, how would dividend stocks fit into all of this? Simply put, dividend stocks would be a more defensive play in the stock market now. Given the numerous factors contributing to overall volatility across the board, some consistent income in the form of dividends would be appealing.
Accordingly, companies such as Consolidated Edison (NYSE: ED) and Archer-Daniels-Midland (NYSE: ADM) would come into play. This is mostly because of their long history of dividend growth and a constant demand for their services regardless of the current economic cycle. Among the top dividend stocks now are also industry giants that boast massive operations spanning the globe. With all that said, here are four dividend stocks to note now.
Top Dividend Stocks To Buy [Or Sell] This Week
- Apple Inc. (NASDAQ: AAPL)
- 3M Inc. (NYSE: MMM)
- AbbVie Inc. (NYSE: ABBV)
- Microsoft Corporation (NASDAQ: MSFT)
First up, we have Apple, a multinational technology company that manufactures and sells its premium line of tech products. On top of that, it also offers a wide variety of services like its Apple TV+ video-on-demand streaming service and Apple Music. Furthermore, the company is one of the world’s most valuable brands and boasts a high level of brand loyalty among its users. AAPL stock currently trades at $142.94 as of Monday’s close. Its last dividend was declared in July at $0.22 per share.
The company has just recently announced its latest lineup of iPhone models. In fact, its iPhone 13 sales have just begun and millions have already placed orders for them. The company’s lineup this year also packs the latest features like a new A15 processor and 120 Hz display screen on its Pro model.
The company’s deals are also more aggressive this year and have partnered with carriers like T-Mobile (NASDAQ: TMUS) to offer huge incentives for users to trade in their old devices and sign up for a top-shelf cellular plan. Given this exciting piece of news surrounding the company, will you consider adding AAPL stock to your watchlist right now?
[Read More] 4 Semiconductor Stocks To Watch Right Now
The 3M Company
3M is a dividend company that has businesses in consumer goods, health care, worker safety, and industrials. Its products improve lives and help solve the world’s toughest challenges. The company’s portfolio of products includes abrasives and adhesives that are used for construction and are engineered to fit its customers’ needs.
Its array of high-performance materials are used to meet the demands of real-world manufacturing. MMM stock currently trades $180.53 at the end of Monday’s trading session. On August 13, 2021, the company declared a dividend on the company’s common stock of $1.48 per share for the third quarter.
Last week, the company announced that it’s Industrial Adhesives and Tapes Division is evolving its Bonding Process Centers in the U.S., Germany, and China to facilitate the growing trend towards automation in manufacturing. 3M will provide a starting point from which it will design and plan automated bonding solutions. The company will also have sessions to highlight how the company’s growing capabilities can be applied to increase more positive business outcomes for manufacturing and assembly businesses. For these reasons, will you consider MMM stock a buy today?
Following that, we have AbbVie, a company that develops and commercializes advanced therapies. It has over 48,000 employees globally that strive to help patients by providing them next-generation treatments and therapies. It focuses on several key therapeutic areas like immunology, oncology, neuroscience, and eye care among others. ABBV stock trades at $106.40 a share as of Monday’s close and has enjoyed gains of over 18% in the past year.
Today, the company announced that it has submitted an application to the FDA seeking approval for Risankizumab-rzaa, an interleukin-23 inhibitor for the treatment of patients 16 years and older with moderate to severe Crohn’s disease. The company submitted its safety and efficacy data from three Phase 3 studies to the FDA for this approval.
“While there have been advancements in care, many people with Crohn’s disease do not achieve lasting remission,” said Tom Hudson, senior vice president of research and development, chief scientific officer, AbbVie. “This submission is an important step forward in our commitment to providing an additional treatment option for those who struggle with this debilitating and often unpredictable disease.” With that being said, will you consider adding ABBV stock to your portfolio?
[Read More] What Stocks To Buy Today? 5 Tech Stocks To Watch
Another name to consider among dividend stocks in the stock market today would be the Microsoft Corporation. Sure, while Microsoft is not often first on most dividend stock lists, the company is not stingy when it comes to increasing its payouts. Namely, Microsoft has and continues to steadily grow its dividends for about 11 years. Thanks to its latest dividend hike, MSFT stock could be in focus among dividend investors now. As it stands, the company’s shares currently trade at $294.30 as of Monday’s closing bell after gaining 37% year-to-date.
In terms of its dividend, Microsoft announced that it would be boosting its dividend by a whopping 11% last week. While this adds up to a $0.06 per share quarterly payout, investors would be buying into the tech giants’ offerings as well. With pandemic conditions persisting worldwide, demand for Microsoft’s offerings could follow suit.
Even now, the company appears to be kicking into high gear across the board. Together with its dividend hike, Microsoft also plans to initiate a $60 billion share repurchase program, its largest to date. After considering all of this, would MSFT stock be worth investing in?default pandemic nasdaq equities stocks monetary policy fed federal reserve real estate treatment fda recovery germany china
Politicians need to practice what they preach and pay back wage subsidy
NDP, Liberals and Conservatives all helped themselves to the wage subsidy meant for struggling businesses Politicians are good at preaching, but they’re not so good at practicing what they preach. Case in point: the federal wage subsidy. Federal politicia
NDP, Liberals and Conservatives all helped themselves to the wage subsidy meant for struggling businesses
Politicians are good at preaching, but they’re not so good at practicing what they preach. Case in point: the federal wage subsidy.
Federal politicians have been moralizing about the evils of business executives taking bonuses while collecting the pandemic wage subsidy, but their silence on their own party taking the subsidy is deafening.
At the beginning of the pandemic, the federal government rolled out a wage subsidy to help businesses keep more staff employed. Unfortunately, the rules allowed some businesses and political parties to exploit these tax dollars.
New Democratic Party Leader Jagmeet Singh wants to address part of the problem by forcing businesses that took the wage subsidies at the same time as they paid bonuses to executives to return the equivalent amount paid in bonuses. The NDP pointed out that “68 companies that paid executive bonuses and $5 billion in dividends to shareholders collected over $1 billion from the Canada Emergency Wage Subsidy.”
But these politicians have been less willing to point the finger at their own parties who took the wage subsidy meant for struggling businesses. The federal NDP, Liberals and Conservatives all helped themselves to the wage subsidy. Only the Bloc has kept its hand off the wage subsidies from the start.
Conservative Leader Erin O’Toole committed to repaying the money his party took.
“O’Toole believes the wage subsidy was designed to help businesses survive the economic side-effects of the COVID-19 pandemic lock-down, not to subsidize political parties,” said Conservative MP Peter Kent.
But as of mid-March, the Conservatives still hadn’t paid back the subsidy.
Last September, the Liberals said they would stop taking the wage subsidy but had no plans to pay it back. And despite all of his lecturing, Singh’s NDP still hasn’t mentioned whether they’ve paid back the subsidy.
By helping themselves to the wage subsidy, the political parties are acting like rich guys at a soup kitchen.
For starters, political parties already receive special taxpayer treatment.
Take the political contributions tax credit, for example. If you donate $100 to your local food bank, you get a federal tax credit of 15 per cent, meaning the total federal income tax you owe goes down by $15. But if you donate $100 to a federal political party, you receive a federal tax credit that saves you a whopping $75.
As of May 2020, parties benefited from $145 million over five years through the tax credit. On top of that, parties and candidates received nearly $200 million in expense reimbursements for the last three elections.
The parties weren’t starved for cash in 2020 either.
The Conservatives raised $20.7 million in 2020 and posted the best fourth quarter by any party ever. The Liberals posted their best fourth-quarter fundraising numbers and brought in $15 million last year. The NDP had an especially good year fundraising.
“Outside of that  election year, 2020 marks the most the party has raised since the 2015 federal election that cost the New Democrats their official opposition status,” according to CBC.
Here’s the bottom line: political parties took the wage subsidy even though they obviously didn’t need them.
Parties were wrong to shove their snouts further into the taxpayer trough and help themselves to the wage subsidy meant to help businesses keep their employees on the payroll. But party leaders can help right past wrongs by practicing what they preach.
Politicians are right to force some businesses to pay back the wage subsidy, but they also need to show leadership and make sure their parties pay back the subsidy.
By Franco Terrazzano
Canadian Taxpayers Federation
Franco Terrazzano is the Federal Director of the Canadian Taxpayers Federation.
Courtesy of Troy Media.subsidies pandemic covid-19 treatment canada
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