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10 of the Best Canadian Stocks to Buy in August & Hold Forever

If you’re looking for some of the best Canadian stocks to buy in 2021, you’ve definitely come to the right article. And, the fact that you’re looking for the top Canadian stocks shows you believe there is value right here at home. Canadian stocks and…

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If you're looking for some of the best Canadian stocks to buy in 2021, you've definitely come to the right article.

And, the fact that you're looking for the top Canadian stocks shows you believe there is value right here at home.

Canadian stocks and the Toronto Stock Exchange in general have had a poor reputation in terms of returns. Many investors looking to learn how to buy stocks in Canada skip the Canadian markets and head down south for more growth.

But, there's money to be made when it comes to Canadian stocks and the Canadian stock market, especially in the environment we're heading into, that being a re-opening of the economy and rising interest rates.

We know how to identify the best stocks in Canada

In fact, I've achieved annualized returns of over 22.76% over the last five years since I swapped my strategy to specifically target Canadian growth stocks.

Proof? Here's a snapshot of my returns pulled directly from Qtrade. Which by the way, is in my opinion the best brokerage platform in the country (you can read my Qtrade review here.)

"That's exactly why at the time of writing we've outperformed the TSX Index by more than 2X since late 2018 over at Stocktrades Premium..."

But don't fret, the 10 top Canadian stocks listed below aren't slouches, and they have some potential to post outsized returns.

10. Agnico Eagle Mines (TSE:AEM)

Agnico Eagle Mines

It's been a long time since a Canadian stock in the material sector has been featured so prominently on this list of top stocks.

With the possibility of inflation coming and interest rates increasing, Canadian investors would be crazy to leave their portfolios without any exposure to gold.

As we can see in recent times, gold is making a comeback, and the rising price of gold miner shares is providing some stability to Canadian's portfolios.

There are a few things I look for in particular when I'm looking at a long term gold play. The first one is mining jurisdictions.

Are there opportunities to make more with smaller, more speculative mining companies? Absolutely.

In fact, we relayed both Leagold Mining and Semafo to Premium members back in 2019, and both companies were scooped up via acquisitions, resulting in some nice returns.

However, for a long term play we want gold companies that mine in safe jurisdictions, where there is relatively little risk of political or regulatory interference.

Agnico Eagle Mines (TSE:AEM) fits that bill. The company primarily operates in Canada, Finland, and Mexico and owns 50% of the Canadian Malartic mine.

In 2020, the company produced 1.74 million ounces of gold, which at the current gold price of $1800/oz~ would equal $3.12 billion USD in revenue.

Agnico has issued guidance that gold production will increase by 300,000 ounces in 2021.

The company is the second largest gold producer in the country with a market cap of $17.6 billion, behind only Barrick Gold.

The company used to be a single mine producer, but has expanded at a rapid rate since the financial crisis of 2008, adding more than 5 mines to its portfolio.

Additionally, through further developments the company plans for a 25% increase in production by 2022.

Agnico has also just achieved Canadian Dividend Aristocrat status, with a 5 year dividend growth streak after its most recent increase in the fall.

Over the past 5 years, Agnico has grown its dividend at a pace of 34.34% annually, and its most recent increase more than doubled this rate as it pumped its dividend up by 75%.

Its yield is small at 1.93%, but with significant cash flow generation in the company's future, I expect its dividend growth rates to increase.

Agnico Eagle Mines 5 year performance vs TSX

TSE:AEM Vs TSX

9. Pollard Banknote (TSE:PBL)

Pollard

The lottery is a great business, but unfortunately the government benefits the most.

Pollard Banknote (TSE:PBL) provides investors one way to participate in the lottery business, while also getting a piece of the growing “iLottery” space.

Pollard Banknote is the number 2 producer of instant lottery tickets in the world. This is the core of Pollard’s business, and it’s a very good business.

The business has high barriers to entry as there are regulations about importing lottery tickets, so Pollard is likely to hold on to its competitive position.

Pollard has grown its instant lottery ticket revenues at a 9% compound annual growth rate since 2012.

The most exciting part about Pollard is its 50% ownership in NeoPollard Interactive.

This is a 50-50 joint venture with NeoGames that is focused solely on the iLottery space, giving states the ability to operate lotteries on the internet.

This is a very new industry, but it is growing rapidly and NeoPollard Interactive is the most successful operator in the industry.

Just 8 states offer instant lotteries on the internet, and NeoPollard operates three of them. And the iLotteries in NeoPollard states have much better higher penetration, indicating that NeoPollard is better than its competitors.

We think it’s inevitable at this point that eventually every jurisdiction that runs lotteries now will add iLottery and given NeoPollard’s success so far, I expect NeoPollard is going to win a lot of business as states and countries legalize it.

The growth in Pollard’s base instant lottery ticket printing business, and its new iLottery business, will ensure the company keeps up its excellent growth.

Over the last 5 years, Pollard has grown revenue 13.7% annually, and it has grown its bottom line even faster, with earnings per share growth of 28.8% per year.

Growth was slower in 2020 because of COVID-19 lockdowns, but analysts expect growth to accelerate again in 2021. Analysts are estimating that Pollard’s revenue will grow 13.3% and earnings per share to grow 7.3%.

But that should just be the beginning. If iLottery takes off like we think it will, Pollard is going to grow into a much larger company.

Even though iLottery is just starting, Pollard Banknote has already proven to be a fantastic investment for shareholders. A $10,000 investment in Polalrd when it went public in 2005 would be worth over $91,400 today.

Over the last year the stock price is up 261% as investors are catching on to the potential of its iLottery business.

Pollard pays a modest dividend, with the yield currently 0.29%. But Pollard does look like it will be growing its dividend.

The company raised its dividend by 33% in 2019, and as earnings grow and the iLottery business matures, I expect the dividend will grow a lot as well.

Bottom line is there is an opportunity to invest in Pollard at the start of a revolutionary growth story, all while Pollard’s core business continues to produce profits.

Pollard Banknote 5 year performance vs TSX

TSE:PBL Vs TSX Index

8. Goeasy Ltd (TSE:GSY)

Goeasy Ltd

Over the last half decade, there's been somewhat of an emergence in a particular niche industry in the financial sector, and that is alternative lenders. One of the best Canadian stocks in that niche? Goeasy Ltd (TSE:GSY).

Goeasy Ltd is a small-cap Canadian stock that provides non-prime leasing and lending services through its easyhome and easyfinancial divisions.

The company has issued $5 billion in loans since its inception.

It also continually works to increase Canadian borrower's credit scores, with 60% of customers increasing their credit scores less than 12 months after borrowing.

The company provides loans for a wide variety of products including furniture, electronics, and appliances. Goeasy has become an attractive alternative for Canadians due to strict lending restrictions placed on Canada's major financial institutions.

A lot of investors view Goeasy's business model as predatory. If something doesn't adhere to your principles, don't invest in it.

Much like tobacco or alcohol, some investors aren't willing to support companies with such products. But you can't deny that what Goeasy is doing is working, and it's working well.

Since 2001, Goeasy has grown revenue at a 12.8% compound annual growth rate. In fact, the company has never had a year since 2001 where revenue was flat or lower than the year before.

If we look towards recent years, from 2015 to 2020 the company doubled revenue, confirming the fact that alternative lenders are catching on in a big way.

Even more impressive is the company's earnings, as net income since 2001 has grown at a pace of 31% annually. To grow net income at a compound annual rate of more than 30% over 2 decades just highlights how strong this company has been.

That's exactly why a $10,000 investment in Goeasy Ltd in 2001 would be worth over $1 million today.

The company is also growing its dividend at one of the fastest rates in the country. The company has a 39.8% 5 year annual dividend growth rate and has raised dividends for 5 consecutive years, including the most recent increase of 47%!

Overall if you're looking for a growth play in the financial sector, I don't think there is a better option than Goeasy Ltd. 

Despite a global pandemic, the stock has still provided excellent returns to current investors, and has provided significant returns to Premium Members when we highlighted it in 2018.

We used to have the stock higher on this list, but its run up in price has caused us to drop it down a bit. But make no mistake about it, this is one of the best stocks on the TSX Index today.

Goeasy ltd 5 year performance vs TSX

TSE:GSY Vs TSX

7. TFI International (TSE:TFII)

TFI International

TFI International (TSE:TFII) is a stock we covered extensively at Stocktrades Premium, especially during the peak of the COVID-19 pandemic, and the company has more than tripled off those lows.

TFI International is a trucking and logistics company. The company operates in four segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. Along with 31,000 employees, it has over 500 terminals across North America.

The company has operations in the United States and Canada, and following its recent acquisition of UPS’s Less-Than-Truckload freight business, the bulk of its revenue, almost 75%, will come from the US.

So why were we extremely bullish on TFI during the pandemic over at Stocktrades Premium, and why are we still bullish on them despite the huge price increase in 2020 and 2021?

While mass panic selling was occurring, TFI International's stock was not immune to the sell off. The stock quickly plummeted in March, hitting the $24 range. Fast-forward a year and the stock is currently trading 365% above those levels.

With the strong financial position the company was in, it went on the hunt for struggling companies, and ended up purchasing Gusgo Transport, Fleetway Transport, CCC Transportation, APPS Transport, Keith Hall & Sons, assets of CT Transportation, the dry bulk assets of Grammer Logistics, and assets of MCT Transportation, DLS Worldwide, and the aforementioned UPS Freight business.

Yes, it’s a lot, CEO Alain Bedard was very busy putting capital to work. TFI took advantage of the situation and bought assets at discounted rates, highlighting the ability of its management.

Although the company has struggled to increase its top line over the last 5 years (5.6% annual revenue growth) its become much more efficient and as a result its bottom line has improved. Earnings over the last 5 years have increased at a 21.5% clip annually.

The UPS Freight acquisition is transformational for the company. As mentioned, TFI International will now be more weighted towards business in the US, as opposed to the past when most revenue came from in Canada.

When TFI International purchased UPS Freight, it was roughly breakeven, with margins around 1%. Management has guided they think they will improve margins to 10%, which will provide a lot of earnings growth to go along with the revenue growth. Analysts estimate earnings per share will grow 21.8% in 2021 and 25.2% in 2022.

This growth in profits should allow TFI International to continue growing its dividend. The company has a 9 year dividend growth streak and has raised dividends at a 10.3% clip annually over the last 5 years after the most recent 11.5% increase in the fourth quarter.

It only yields around 1.05%, but with the dividend making up only 24.5% of trailing earnings, it should have plenty of room to grow.

The company used to be #3 on this list, but we've reduced it due to a huge run up in price. However, it's still a great long term option for Canadians.

TFI International 5 year performance vs TSX

TSE:TFII Vs TSX 5 YEar

6. Shopify (TSE:SHOP)

Shopify Logo

A list of top Canadian stocks wouldn't be complete without the top performing Canadian stock in recent memory, Shopify (TSE:SHOP).

Shopify was lower on this list, however due to a dip in price, it's now becoming fairly attractive again.

Shopify offers an e-commerce platform primarily to small and medium businesses globally. They operate in two primary segments, subscription solutions and merchant solutions.

Subscription solutions allow merchants to conduct business through Shopify's tools, while merchant solutions help businesses become more efficient via Shopify Payments, Shopify Shipping, and Shopify Capital.

Since the company's IPO in 2015, Shopify has returned over 4100% to investors. The company has been labeled "overvalued" by analysts and investors throughout its history, but despite this it simply fails to disappoint.

Over the last 5 years, Shopify has achieved revenue growth of 70.1% annually. This type of revenue growth from a company the size of Shopify is extremely rare.

Now, the company is seeing slowing growth as over the last 3 years revenue growth sits around 65.1% annually, but this is still a company that is growing at a rapid pace.

Make no mistake however, the company is expensive. Trading at over 48 times sales and 18 times book value, you're paying a premium for continued growth even after the recent pullback.

Overall, the company is expensive, and could face significant volatility moving forward in terms of price, especially if the company were to post a large earnings miss. It will need to keep up with expected growth rates in order to maintain its share price, and this isn't an investment for the defensive investor.

If you don't have a quick trigger finger in terms of selling stocks, in my opinion there will be few investors who are disappointed 5-7 years down the road if they bought Shopify even at these levels.

The company is still growing rapidly and has a large cash balance to reinvest in its business.

The stock was one of the first recommendations over at Stocktrades Premium, and members who bought when we highlighted the stock are now sitting on returns in excess of 700%.

Shopify 5 year performance vs TSX

TSE:SHOP 5 Year Returns Vs TSX

5. Nuvei (TSE:NVEI)

Nuvei Logo

Going off the board with this pick, Nuvei (TSE:NVEI) is one of Canada’s newest IPOs.

The company went public in August and its share price has performed quite well.

As of writing, Nuvei’s share price is up by ~86% in just over eight months of trading. Not a bad return for those who got in early.

Is the jump in price justified? When compared to the valuations that peers commanded, we felt that the company’s IPO pricing did not do the company justice.

As we discussed with Premium members, there was a price disconnect which offered an attractive risk to reward opportunity.

Prior to listing, Nuvei was the largest privately held fin-tech company in the country. The company provides payment-processing technology for merchants.

Their suite of products serves both online and in-store transactions and counts Stripe, Paypal, Fiserv, Lightspeed POS, Global Payments, Shift4 Payments and WorldPay among its competitors.

On a trailing twelve-month basis, Nuvei generated US$339M in revenue and US$43B in gross transaction value (GTV). Nuvei grew revenue by 64% in fiscal 2019 and over 50% in 2020.

Since going public, the company has attracted plenty of attention. There are 13 analysts covering the company – 11 rate it a “buy” or “outperform” and 2 rate it a “hold”.

Although the company is not yet profitable, the expectation is for the company to turn a profit next year. They also expect 29% revenue growth in 2021.

It is important to note, that newly listed companies carry additional risk. They have less public history for investors to look at to asses the business model.

Can it meet lofty estimates?

New listings are particularly vulnerable to performance as compared to expectations. Given this, IPOs such as Nuvei are most appropriate for investors with a higher risk profile.

Performance of Nuvei Vs TSX since its IPO

TSE:NVEI vs TSX Index 5 Year

4. Telus (TSE:T)

Telus dividend

There is limited 5G plays here in Canada. We're often forced to head down south to the American markets if we want exposure to high-growth 5G opportunities.

While Telus (TSE:T) doesn't exactly boast world beating future potential, the stock is the best telecom stock to own in the country today in terms of both 5G exposure and overall growth.

Telus is part of the Big 3 telecom companies here in Canada, and is the stock you want to buy if you want exposure to a more pure-play telecom company.

Unlike Rogers Communications and BCE, Telus doesn't have a media division and instead has invested in business models that drive higher margins like telehealth and security.

This should allow Telus to not only grow its dividend, which is the best dividend in the telecom sector, but should also allow it to drive top and bottom line growth.

The last 5 years have not been favorable to Canadian telecoms in terms of growth. In fact, Telus has only grown revenue by 3.7% annually over the last 5 years and earnings have remained relatively flat.

However, the environment has completely changed for these companies. Telecom infrastructure is difficult to construct and extremely costly.

On one hand, this is a huge benefit to a company like Telus. Unless they're willing to share towers, it creates a barrier to entry that is almost impenetrable. 

On the other hand however, it makes development of new infrastructure extremely expensive, and telecom companies often carry a large amount of debt to do so.

When interest rates are high, we can expect these companies to struggle. However, now that we are in a low interest rate environment, this bodes well.

Even if rates were to increase, they'd likely still be well below levels we've witnessed in quite some time.

Analysts are predicting double digit revenue growth for the company in 2021, which can be compared to shrinking revenue growth expected from both Rogers Communications (-3.4%) and BCE Inc (-0.8%).

Telus 5 year performance vs TSX

TSE:T Vs TSX Index 5 Year

3. Parkland Fuels (TSE:PKI)

parkland fuel dividend

Parkland Fuels (TSE:PKI) is one of Canada's largest and one of North America's fastest independent marketers of fuel and petroleum products. Parkland serves motorists, businesses, consumers, as well as wholesalers across Canada and the United States.

The company’s growth is primarily driven through acquisitions, evident by its purchase of Chevron Canada’s downstream fuel business making them the sole distributor for Chevron branded fuels.

Another positive from the company's acquisition heavy strategy is the fact that a variety of brands allows it to distribute its products to a wide range of markets across North America.

Parkland has had some impressive growth rates over the last 5 years, averaging revenue growth of 20.9% annually. Over that same timeframe, the company has also grown earnings at clip of 20.3%.

Considering the company pays a healthy dividend, I think it would be a mistake for Canadians not to capitalize on the stock still being down from pre-COVID levels. This is a company that could benefit significantly from the inevitable reopening.

The company is a Canadian Dividend Aristocrat having raised dividends for 7 straight years and pays its dividend on a monthly basis, making it even more attractive to Canadian investors wanting a steady income stream.

Analysts expect marginally shrinking revenue in 2021, coming in at -2.7%. This is a far cry from the company's historical averages of 20% annual growth, but we're ok with this.

As long as the company can maintain its dividend and continue to be in a strong position to grow moving forward, we'll be patient and let it recover from this unprecedented pandemic.

Parkland Fuel 5 year performance vs TSX

TSE:PKI Vs TSX 5 Year

2. Brookfield Renewable Partners (TSE:BEP-UN)

Brookfield Renewable Partners

Brookfield Renewable Energy Partners (TSE:BEP.UN) is a pure-play renewable energy company here in Canada, and has been one of the fastest growing companies in the sector by a longshot over the last half decade.

Brookfield Renewables has over 21,000 MW of capacity and nearly 5300 facilities across four continents.

Over the long run, Brookfield looks to give shareholders annual returns of 12-15%. 

This is a lofty goal, but one that the company has easily achieved over the last half decade.

In fact, over the last 5 years, Brookfield Renewables share price is up roughly 200%. And this is including its huge correction as of late as renewables have taken a hit.

Its acquisition of Terraform Energy back in March of 2020 made it the largest pure-play renewable energy company in the world, and if you're looking for a company to give you exposure to the renewable sector, Brookfield is in our opinion, best in class.

The shift away from fossil fuels and into renewable forms of energy generation is a shift that is still very much in its infancy, but is one we feel is inevitable.

We're not saying oil is going to disappear overnight. We're not that extreme.

In fact, we still feel that there will be many uses for oil extending well into the future. Energy generation may just not be one of them.

In terms of dividend, the company currently yields 3.58% and the dividend is well covered by funds from operations.

Brookfield has stated it plans to grow the dividend anywhere from 5-9% annually over the next 5 years, which is actually an uptick in dividend growth compared to its previous 5 years.

Make no mistake about it though, Brookfield, due to its size and popularity, is one of the most expensive renewable energy plays in the country right now.

If you're looking to take a position, it's important you understand that there is likely to be significant swings in the company's share price. The pullback since the start of the year is probably a great time to buy this renewable energy leader.

Brookfield Renewable 5 year performance vs TSX

TSE:BEP.UN Vs TSX

1. Royal Bank of Canada (TSE:RY)

Royal Bank dividend

Considering this list is primarily made for growth stocks, it did feel somewhat weird including The Royal Bank of Canada (TSE:RY).

However, this Canadian bank stock is simply too good right now to not be included on a list of the best stocks to buy in Canada.

Royal Bank is a global enterprise with operations in Canada, the United States, and as we'll see the importance of later, 40 other countries.

It is a well diversified bank, with personal, commercial, wealth management, insurance, corporate, and capital market services.

"RBC paid out more in dividends in 2019 than Shopify had total revenue, despite Shopify being the larger company market cap wise..."

The company is Canada's most valuable brand, and has been for the last half decade. RBC currently sits at Canada's second largest company in terms of market capitalization, falling just behind another stock on this list, Shopify.

On average over the last 5 years the company has grown revenue by 6% and earnings by 3% on an annual basis.

With a dividend yield in the 3.5% range and an 8 year dividend growth streak, it's one of the best dividend payers in the country.

A very interesting note: RBC paid out more in dividends in 2019 than Shopify had total revenue, despite Shopify being the larger company market cap wise.

The Canadian banking industry is one of the strongest investment sectors in the world, highlighted by the fact that no Big 5 financial institution cut their dividend during the 2008 financial crisis, and no Big 5 institution has done so yet during the COVID-19 era.

Regulatory agencies asked the banks to preserve liquidity and not raise the dividend in 2020 as a preventative measure to both clients and shareholders. It's rare that I'd consider no dividend growth a good thing, but in the situation we're in, I'll take it.

It’s expected the banks will be allowed to raise their dividends again this year.

Royal Bank knocked earnings out of the park during a global pandemic, and as a result has caught the attentions of a lot of investors. The stock has fully recovered from the COVID-19 downturn and is now back at all time highs.

Why has Royal Bank fared better than most? Well, this is primarily due to the fact it has the most global exposure out of any of the other banks.

This has allowed it to be exposed to a multitude of economies at different stages of recovery. Compare this to a bank like Toronto Dominion, who almost has all of its revenue exclusively in Canada and the United States.

Moving forward, in my opinion the Royal Bank is simply a must have in the majority of Canadian's investment portfolios.

Royal Bank 5 year performance vs TSX

TSE:RY Vs TSX Index

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Government

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

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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, 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?

COVID Chaos

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? 

Tribal Lands 

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?

American Tribes

 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. 

Tyler Durden Mon, 09/20/2021 - 23:40

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Economics

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.

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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.

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.

best tech stocks (AAPL stock)

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.

3M Stock (MMM Stock)

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?

[Read More] Best Artificial Intelligence Stocks To Buy Right Now? 5 To Watch

AbbVie Inc.

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.

best dividend stocks (ABBV stock)

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

Microsoft Corporation

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.

best tech stocks (msft stock)

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?

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.

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Spread & Containment

Canadian government grants your business might qualify for

  With the changes in the economy, many business owners are struggling to get a foothold on what they need to do to ensure their business is stable now and into the future. As a business coach, I’ve seen some tremendous transformations when businesses…

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With the changes in the economy, many business owners are struggling to get a foothold on what they need to do to ensure their business is stable now and into the future.

As a business coach, I’ve seen some tremendous transformations when businesses have had the opportunity to hire outside help to guide them towards increased profitability and less stress.

To support businesses, our team has come up with 24 grants that your business might qualify for in helping you take it to the next level.

FEDERAL GRANTS

Canada Job GrantThe Canada Job Grant (CJG) is a federal government funding program designed to reduce the costs of providing third-party skills training to new and existing employees. Launched in 2014, the Canada Job Grant allocates upwards of $194 million annually to support the upskilling of new and existing employees so they can learn new skills and become more valuable to their organizations.

Canada Small Business Financing ProgramThis is part of the Canada Small Business Financing Act and was created to help support business growth through business loans with competitive interest rates. Up to $1-million is available for business expansion activities, including the acquisition of a building, leasehold improvements, purchasing new or used equipment, and software components.

Strategic Innovation FundThe SIF is a federal government program uniquely targeted at Canada’s industrial and technology sectors. It offers financial contributions (both repayable and non-repayable) valued at up to 50 per cent of project costs, with the purpose of promoting investment into the types of activities that drive sustained productivity and economic benefits.

BRITISH COLUMBIA BUSINESS GRANTS

Canada-B.C. Job GrantThe B.C. Employer Training Grant program (ETG) supports skills training to address provincial labour market shortages. Reimbursement amounts vary between 60 and 100 per cent, depending on the training stream. Employers are eligible to receive up to $300,000 per fiscal year (April 1 to March 31).

Foundational Training Stream (government of Canada through the Canada-B.C. workforce development agreement): This stream supports unemployed and low-skilled British Columbians to gain essential, transferable and certified skills, in order to obtain good-paying jobs and increase job security. Under the Foundational Training Stream, employers may receive 100 per cent of eligible training costs, up to a maximum of $10,000 per participant per fiscal year.

Workforce Training stream (government of Canada through the Canada-B.C. workforce development agreement): This stream supports training relevant to the immediate needs of the business and the participant’s job. Under the Workforce Training Stream, employers may receive 60 per cent of eligible training costs, up to a maximum of $5,000 per participant per fiscal year.

Technical Training StreamThis stream supports employers to train current or new employees in technical skills in response to technological advancements. Under the Technical Training Stream, employers may receive 80 per cent of eligible training costs, up to a maximum of $10,000 per participant per fiscal year.

BUSINESS GRANTS NORTHERN BRITISH COLUMBIA

 Competitive consulting grantThe Competitiveness Consulting Rebate program provides a rebate to small and medium-sized businesses engaged in manufacturing, innovative technologies, resource processing, transportation, distribution and their first-line suppliers for external business consulting projects. Projects must focus on increased productivity, new or incremental revenues, profitability and/or job creation.

COVID-19 Recovery ProgramThis program is designed to help businesses reduce the barrier to accessing professional expertise and recover the costs of third-party consulting projects. These types of projects must focus on ways to sustain businesses during the current economic downturn. The Small Business Recovery Consulting Rebate will reimburse small and medium sized businesses (operators) for contracted consulting services.

Northern Industries Innovation FundThe NIIF program provides incremental funding to support innovation projects that increase the competitiveness of local businesses in traditional industries across northern B.C. The program is also intended to support economic diversification and/or viability of businesses to mitigate the economic impact of the pine beetle epidemic. NIIF supports applied research and development, new or improved products and services, and testing of innovative equipment or technologies to support capital investment decisions

Marketing InitiativesThe Marketing Initiatives program provides funding to support new marketing campaigns or projects that position a community or region to take advantage of opportunities that support economic vitality and diversification. These marketing projects must be new initiatives that stand alone from existing marketing activities.

GRANTS FOR WAGE SUBSIDIES

Industrial Research Assistance Program Youth Employment ProgramThis federal program helps your business create business or technology jobs for highly-skilled youth. It will pay a part of wage-related costs so you can hire young talent to work on innovation-related projects.

Venture for Canada partner opportunitiesFrom short-term support to full-time hires, this program offers a wide of programs at various costs commitment levels. It provides students and recent grads with the entrepreneurial skills today’s Canadian startups and SMEs need.

Career Ready Program – TECHNATIONFor employers within the technology sector (or related projects).

Innovate B.C. – Tech Co-op GrantsGet up to $20,000 per year in funding to hire co-op students through the Tech Co-op Grant, which is available for technology-based companies looking to grow or a non-tech company, organization or non-profit hiring for a tech role.

New Ventures B.C. – Innovator Skills Initiative GrantGet up to $10,000 per year in funding to hire students through WIL programs (not including co-op), such as internships and work placements. Eligible employers are tech companies or tech-focused non-profits hiring for a business or tech role, or a business or non-profit hiring for a tech role.

Mitacs AccelerateMitacs Accelerate pairs businesses with masters and PhD interns to overcome innovation challenges. Interns complete research and develop tools, models, technology, or solutions to support the host business’ challenges.

GRANTS FOR RESEARCH

IRAP accelerated review process (ARP): The Industrial Research Assistance Program (IRAP) offers Canadian small business grants for any company committed to internal research and development. One such program is called IRAP Accelerated Review Process (ARP), which covers as much as $50,000 towards a wide array of different projects so long as they are aimed at solving an internal technical challenge.

GRANTS FOR INDIGENOUS ENTREPRENEURS

Economic development fundParticipating First Nations can access this economic development fund that supports environmentally sound and sustainable economic development activities throughout the Great Bear Rainforest and Haida Gwaii.

Aboriginal Entrepreneurship ProgramThe Aboriginal Entrepreneurship Program (AEP) seeks to increase the number of viable businesses in Canada owned and controlled by Indigenous people. The AEP funds a broad range of entrepreneurial pursuits and aims to build capacity, reduce barriers and increase access to capital, by forging partnerships that will increase economic opportunities for First Nations, Inuit and Métis people.

Money for Indigenous Tourism Businesses in Northern Canada: If you’re working on a project to enhance tourism experiences in your region or helping the community attract more visitors, you could get a maximum $100,000 non-repayable contribution for up to 50 per cent of your project’s costs or a maximum $500,000 repayable contribution for up to 75 per cent of the costs. If you’re also a non-profit, the contribution is most likely non-repayable.

More advice for your business community

OTHER GRANTS

Canada-Alberta Job Grant (CAJG): The Canada-Alberta Job Grant (CAJG) is an Alberta government funding program that offers training grants to employers. Through the program, companies may receive non-repayable funding from the government to purchase third-party business training programs, including training for in-demand skillsets. Training is expected to improve the employability and value employees can provide; including new hires in these training sessions can also maximize your funding potential.

The Canada-Ontario Job Grant (COJG): The COJG is an Ontario government funding program that offers training grants to employers. Through the program, companies may receive non-repayable funding from the government to purchase third-party business training programs, including training for in-demand skillsets. Training is expected to improve the employability and value employees can provide; including new hires in these training sessions can also maximize your funding potential.

By Dave Fuller

Dave Fuller, MBA, is an award-winning business coach and a partner with Pivotleader Inc. Did we miss something? Email dave@pivotleader.com. 

Courtesy of Troy Media.

 

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