The Canadian Investor Two Canadian Stocks That Are Printing Money
Aug 7, 2025
Dive into the latest market dynamics as U.S. tariffs impact Canadian goods. Explore TMX Group's strong trading volumes and Tourmaline's impressive results amid weak natural gas prices. Discover why Celestica, a top AI stock, might have more growth ahead despite some risks. A look at Agnico Eagle reveals record profitability due to soaring gold prices, while concerns mount over Allied Properties REIT's strained payout ratios. Gain insights into navigating the complex landscape of Canadian real estate and investment strategies.
AI Snips
Chapters
Transcript
Episode notes
US Tariffs Mostly on Non-Compliant Goods
- The US increased tariffs to 35% on non-USMCA compliant Canadian goods, mainly impacting sectors like steel and aluminum.
- Over 90% of Canadian goods are now USMCA compliant, reducing the overall tariff impact but trade tensions remain uncertain.
TMX Group Riding Market Speculation
- TMX Group benefits from a 33% year-over-year increase in derivatives and clearing revenue, fueled by rising options trading volumes.
- Growth in energy data platforms and ETFs also support its rise despite stalled IPOs mainly concentrated in mining.
Tourmaline Prosperous Despite Low Prices
- Tourmaline posted a strong quarter with revenue up 7% despite low natural gas prices, supported by increased production and a lucrative European long-term export deal.
- The company maintains a stable quarterly dividend with special dividends tied to cash flow, reflecting prudent financial management.