Canadian Utilities is a sell due to anemic earnings, non-existent growth, and over-reliance on future AI/data center expectations, with free cash flow declining and dividend growth being weak.
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The TSX Rally Is Getting Crazy... Top Canadian Dividend Stocks To Buy NOW
Jul 29, 2026
The creator discusses the current rally in the Canadian stock market (TSX), noting that while earnings are supporting growth, the market is trading at its highest PE ratio since the dot-com bubble. They express concern that this growth may not sustain into next year, citing potential stalls in earnings due to factors like oil and precious metals prices cooling off, and the recent strong performance of banks. The creator suggests that while the broader market might be expensive, there could still be value in individual stocks.
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Tickers discussed in this post
Royal Bank is discussed as a major Canadian bank that has seen significant capital growth in recent years, primarily driven by dividends historically but now showing a strong rally.
Canadian Natural Resources is highlighted as a major oil company contributing to Canada's economy and benefiting from elevated oil prices.
TD is mentioned as one of the brokerages involved in a promotional rate war.
Canadian National Railway is mentioned as an example of a resilient Canadian company that has performed exceptionally well.
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Tracked calls opened from this post
IESCsell opened Jul 29, 2026
+8.34%