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Looking for investing ideas? Here’s your weekly digest of the Globe’s latest insights and analysis from the pros, stock tips, portfolio strategies plus what investors need to know for the week ahead.





A 25% rally in two months: Line 3 approval helps Enbridge shares recover from the doldrums

Enbridge Inc. shares rose 7 per cent Friday, a day after regulators approved the company’s Line 3 pipeline rebuild in a major boost to CEO Al Monaco’s growth plan, Jeff Lewis writes. Enbridge secured approval for the $9-billion pipeline replacement a day earlier in a unanimous decision by Minnesota’s Public Utilities Commission that also largely endorsed the company’s preferred route. The approval removes a cloud that had darkened Enbridge’s prospects and weighed heavily on the shares for much of this year. The stock has climbed about 25 per cent from a nadir hit only two months ago.

The Canopy effect: This booze giant has already made a killing on its investment in Canadian pot

Certain investors, like Warren Buffett, make money just being themselves. Alcohol giant Constellation Brands Inc. does not have such a reputation, at least not yet. But its wildly successful investment in Canada’s Canopy Growth Corp. seems like a page out of the Buffett playbook, David Milstead writes. Constellation’s $245-million investment in Canopy shares at the end of October was worth, at Wednesday’s close of $36.93, nearly $1.2-billion. That’s a gain of more than 385 per cent in less than eight months. (It closed Friday at $38.42.) The Oracle of Omaha should admire how Constellation added this star to its portfolio.

Related: Canopy’s stock is tanking - but it’s the pot company’s explosive share count that may matter more

Read more: BMO muscles into cannabis industry, threatening Bay Street’s independent firms

Overlooked investments that could have greater potential than pot stocks and cryptocurrencies

Affluent investors have done well sticking to the tried-and-true when allocating capital over the past few years. But their low-risk comfort zone is about to shrink, amid signs that major equity, debt and property markets are nearing and in some cases even past their peaks. The typical response is to flock to the safest of government bonds, blue chips and cash. But for investors with some appetite for risk and plenty of patience, this might be a good time to take a closer look at unloved segments of the global market. Brian Milner points out some overlooked options that could turn out to be better bets down the road than overhyped cannabis stocks or hack-prone cryptocurrencies.

Related: Top fund manager will look at cannabis and crypto - one day

Read more: Bitcoin’s plummet nears dot-com levels as many tokens go to zero

Vanguard launches four mutual funds in Canada with fees well below industry averages

Investment giant Vanguard has entered the mutual-fund industry in Canada, with a suite of four actively managed mutual funds that offer significantly lower management costs than what has been traditionally offered in the Canadian marketplace, Clare O’Hara writes. They are: the Vanguard Global Balanced Fund, the Vanguard Global Dividend Fund, the Vanguard U.S. Value Windsor Fund and the Vanguard International Growth Fund. The new Canadian mutual funds will provide global investment strategies from some of Vanguard’s longest-tenured sub-advisors and aim to complement the firm’s existing ETF lineup.

Related: Vanguard plans to start its first ETFs tied to ESG investing

Lessons from the Corus dividend cut

When Corus Entertainment Inc. slashed its dividend this week, nobody should have been surprised, John Heinzl writes. Yet, judging by the stock’s hefty drop over the next couple of days, some investors were still clinging to the hope that the dividend – which had been yielding a clearly unsustainable 18 per cent – might somehow survive. But anyone who had been paying attention knew a deep cut was coming. To succeed as a dividend investor, it’s essential to know when a high yield is sustainable and when it’s an accident waiting to happen. Here are a few tips.

Read more: My dividend-growth portfolio report card: Good, but with room for improvement

Related: The Globe’s investing stars and dogs for the week

Emera’s debt woes linger after U.S. deal

Add Emera Inc. to the growing list of blue-chip Canadian companies suffering from a debt perception, Tim Kiladze writes. The selloff has been particularly strong in 2018. Early in the year, corporate tax reform in the United States played a significant role, because there was uncertainty about its effect on Emera. In the past month, the financial impact has been clarified – Emera expects a $125-million hit to 2018 cash flow – yet investors remain cautious. Debt remains the key reason.

What investors need to know for the week ahead

Canadian markets will be closed Monday for the Canada Day holiday. In the United States, stock and bond market action ends earlier than usual on Tuesday afternoon and markets are closed Wednesday for Independence Day. Investors will learn the health of the Canadian and U.S. job markets Friday, when employment figures are released for June. May trade balance figures for both countries will also be issued that day.

Looking for more investing ideas and opinions?

Scotiabank division faces class action suit over advice fees

How an $800-million RBC emerging markets dividend fund manager is investing right now

Wondering if you’re ready for a stock market correction? Here are five things you can do to prepare

Six signals for knowing when to run from a bull market that’s about to become the longest ever

The next six months: What to expect from the TSX, S&P 500, oil, loonie and bonds

Trillion dollar wipeout: world stocks’ worst first half since 2010

Hey Canadian banks, maybe it’s time for stock splits

Fifteen U.S. companies with plenty of cash on hand

Did you get faked out by soaring bond yields?

The remarkable chart that shows just how important trade has become for your portfolio

Tech stocks are killing it in Canada

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 21/05/24 4:00pm EDT.

SymbolName% changeLast
ENB-T
Enbridge Inc
+0.32%50.2
EMA-T
Emera Incorporated
-0.89%49.98
WEED-T
Canopy Growth Corp
-6.75%13.81

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