• The TSX paused after a strong run but remains up about 11% year to date, supported by improving corporate earnings expectations, with second-quarter profit forecasts rising to around 30%.

• The Bank of Canada is expected to keep interest rates at 2.25% for the rest of 2026 as inflation remains contained and the Canadian economy continues to show resilience, providing a stable backdrop for equities.

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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week:

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• Docebo announced plans to repurchase up to US$70 million of its common shares at US$20.40 per share, which helped lift the stock by more than 9% during the session. The buyback signals management’s confidence in the company and could support shareholder value by reducing the number of shares outstanding.

• Bridgemarq Real Estate Services announced a new capital allocation framework aimed at strengthening its financial flexibility, supporting long-term shareholder value, and providing greater capacity to pursue strategic acquisitions and industry consolidation opportunities. The initiative is designed to position the company for future growth while maintaining a disciplined approach to capital management.

The Wealth Awesome Team

Stock: Lundin Gold (TSX)

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Quick Take: A highly profitable Canadian gold producer offering a forward dividend yield above 7%, strong free cash flow, and exposure to one of the world’s highest-grade operating gold mines. Shares have fallen roughly 38% from their 52-week high, but production remains on track and analysts see considerable recovery potential.

Major Developments This Week & Near-Term

Lundin Gold recently reported second-quarter production of 118,994 ounces from its Fruta del Norte mine in Ecuador.

Production included 79,208 ounces of gold in concentrate and 39,786 ounces in doré. Despite planned maintenance during the quarter, improving access to higher-grade areas helped support stronger performance toward the end of the period.

Management also reaffirmed its 2026 production guidance of 475,000 to 525,000 ounces, an encouraging signal after the stock’s sharp pullback.

Key Metrics (as of Monday’s close)

Analyst Insights

Analysts remain cautious despite the stock’s significant implied upside.

Eleven of the 12 analysts covering Lundin Gold rate it a Hold, while only one has a Buy rating. This suggests analysts still respect the company’s operating quality, but remain mindful of gold-price volatility, political risk in Ecuador, and recent estimate reductions.

Recent/Notable Items

1. Lundin Gold produced 118,994 ounces of gold during the second quarter.

2. Management reaffirmed its full-year production guidance of 475,000 to 525,000 ounces.

3. The company completed a silver-stream transaction involving LunR Royalties and arranged for LunR shares to be distributed to eligible Lundin Gold shareholders.

4. First-quarter results included record quarterly earnings and free cash flow.

5. Lundin Gold declared quarterly dividends totalling US$1.21 per share earlier this year.

Growth Indicators

Lundin Gold’s near-term growth expectations are more measured than its recent historical results.

Current-year sales are expected to rise approximately 33%, while EPS is projected to increase nearly 39%. Growth is expected to slow next year, but the company should continue benefiting from high production, strong margins, and its exploration program around Fruta del Norte.

Profitability & Financials (quick read)

Lundin Gold’s profitability is the standout feature of the investment case.

Its operating and net margins are well above the gold-industry averages, while returns on equity and invested capital are exceptionally strong. The company also holds net cash and has healthy short-term liquidity.

The payout ratio is elevated, however, so the dividend remains sensitive to gold prices, production levels, and free cash flow.

Technical & Momentum

Momentum has weakened considerably.

The stock is trading below both its 50-day and 120-day averages and is approximately 37% below its 52-week high. However, the RSI remains near neutral rather than deeply oversold, suggesting the stock could still experience further volatility before establishing a clear recovery trend.

What to Watch Next

Investors should watch:

• second-quarter financial results

• progress toward full-year production guidance

• realized gold prices

• operating and all-in sustaining costs

• exploration results around Fruta del Norte

• dividend sustainability

• political and regulatory developments in Ecuador

The next quarterly report, expected in August, should provide a clearer picture of cash flow and dividend coverage.

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One-Look Summary

Bottom Line

Lundin Gold has experienced a steep pullback, but the underlying business remains highly profitable.

The company offers a yield above 7%, has reaffirmed its annual production guidance, and continues generating strong margins and free cash flow from Fruta del Norte.

The dividend is not risk-free, and investors must be comfortable with gold-price volatility and operating exposure to Ecuador. But for long-term investors looking for income and precious-metals exposure, the recent decline may have created a more attractive entry point.

The Wealth Awesome Team

📈 TSX Markets:

• The TSX remained resilient despite renewed geopolitical tensions in the Middle East, with investors focusing more on strong AI-driven earnings than rising oil prices.

• Analysts expect Canadian energy and materials companies to continue supporting earnings growth, while leadership broadens to include industrials and mid-cap stocks.

🇨🇦 Canada Economy:

• Canada's economy continues to show resilience, with the unemployment rate falling to 6.5% in June, its lowest level since January.

• Stable labour markets, recovering oil supplies, and continued AI-related investment are helping support economic growth despite global uncertainty.

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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week:

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• Tiny Ltd. (TSX: TINY) is a Canadian holding company that acquires and operates internet, software, digital services, and other technology-focused businesses for the long term. Its diversified portfolio gives investors exposure to several growing digital companies through one stock, although performance can be volatile because results depend on acquisitions, business execution, and technology-sector valuations.

• MTY Food Group (TSX: MTY) reported a weaker second quarter as softer consumer demand, food inflation, and lower performance at corporate-owned restaurants weighed on earnings. Despite the challenges, the company is improving profitability by closing 68 underperforming locations, reducing debt, and continuing to invest in growth brands like Cold Stone Creamery and Wetzel's Pretzels, with management expecting development activity to pick up later this year.

The Wealth Awesome Team

Stock: BCE (TSX)

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Quick Take: A beaten-down Canadian telecom stock offering a 5.8% forward dividend yield, strong profitability, and potential upside if sentiment improves. Shares remain weak over the short term, but BCE’s valuation, dividend profile, and analyst upside make it a stock income investors may want to revisit.

Major Developments This Week & Near-Term

BCE shares recently closed at $30.08, up 1.31% on the day, but the stock remains under pressure over the past month.

The company continues to operate as one of Canada’s largest telecom providers, with wireless, broadband, television, landline, and media assets. BCE also holds valuable content rights, including Canadian rights to HBO Max and Starz.

Near term, investors are watching BCE’s next quarterly report, expected in August, for updates on revenue stability, dividend coverage, and cost management.

Key Metrics (as of Monday’s close)

Analyst Insights

• Analyst sentiment is mixed but still leans positive. BCE has 8 Buy or Strong Buy ratings out of 15 analysts, with an average target price well above the current share price.

• That suggests analysts see recovery potential, though the presence of Sell and Strong Sell ratings shows the market is still divided on the stock.

Recent/Notable Items

• BCE was recently upgraded to Buy at TD, which could help support investor sentiment.

• The stock is trading almost exactly at its 52-week low, reflecting weak momentum and investor caution.

• BCE continues to offer a 5.8% forward yield, making income the main attraction.

• The next quarterly report is expected on August 6, 2026.

• Canadian telecom stocks remain under pressure from slow growth, competition, and debt concerns.

Growth Indicators

• BCE is not a high-growth stock. The investment case is built more around valuation, income, and possible recovery than rapid expansion.

• Sales are expected to grow modestly next year, while EPS is projected to improve by 4.3%. However, the long-term EPS growth estimate remains slightly negative, which is why dividend coverage and operational execution matter.

Profitability & Financials (quick read)

• BCE’s profitability metrics remain strong, especially for a mature telecom company. Net margin, operating margin, and return on equity all look solid.

• The main concern is financial health. Telecom businesses require heavy capital spending, and BCE’s debt levels remain important to watch.

• Still, the payout ratio shown in the dataset is 25.9%, which appears more comfortable than many investors might expect for a high-yield telecom stock.

Technical & Momentum

• BCE’s technical picture is weak.

• The stock is trading near its 52-week low and well below both its 50-day and 120-day averages. The RSI of 24 suggests the stock may be oversold, which could attract value and income investors looking for a rebound.

What to Watch Next

• the next quarterly earnings report

• dividend coverage

• debt levels

• wireless and broadband subscriber trends

• media segment performance

• free cash flow

• management commentary on capital spending

The biggest question is whether BCE can stabilize the business while continuing to support its dividend.

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One-Look Summary

Bottom Line

BCE is not a momentum stock right now, but that may be exactly why income investors are looking again.

The stock is trading near its 52-week low, offers a 5.8% dividend yield, and has a Buy consensus rating with meaningful upside to the average analyst target.

For passive income investors, BCE could be worth watching — but the key will be whether the company can protect cash flow, manage debt, and keep its dividend sustainable.

The Wealth Awesome Team

• Canadian economic data showed encouraging signs, with a stronger labour market, easing oil prices, and expectations that the Bank of Canada will keep interest rates unchanged through the rest of 2026.

• The TSX could continue benefiting from this stable backdrop, although investors should expect some market volatility as the year progresses.

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• Valor Gold Corp. is promoting its Courageous Lake gold project in Canada’s Northwest Territories, which it says is the third-largest undeveloped gold project in Canada by contained resource. The company recently spun out from Seabridge Gold, began trading on the TSX under VGC, and plans to advance the project through exploration drilling and an updated pre-feasibility study.

• North American Financial 15 Split Corp. (FFN-T): Shares fell 8.11% this week, likely due to profit-taking and weakness in the financial sector rather than company-specific news. FFN is a split-share corporation that holds a portfolio of major North American financial stocks, making its performance closely tied to the broader banking sector and market sentiment.

The Wealth Awesome Team

Stock: Shopify (TSX:SHOP)

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Quick Take

A Canadian technology leader with strong revenue growth, a massive e-commerce platform, and new AI-driven tools that could strengthen merchant adoption over time. Shares are down sharply year-to-date, but Shopify's long-term growth profile remains one of the strongest on the TSX.

Major Developments This Week & Near-Term

Shopify shares closed at $162.07 on Monday, down 2.19%, and remain well below their 52-week high.

The main development this week was Shopify's launch of its Sidekick App Extensions framework, which allows third-party AI tools to integrate directly into merchant workflows.

Shopify also partnered with Trustpilot to bring verified customer reviews and feedback management directly into Shopify stores. Together, these updates strengthen Shopify's ecosystem and could make the platform even more useful for merchants.

Key Metrics (as of Monday's Close)

Analyst Insights

Recent / Notable Items

• Shopify launched Sidekick App Extensions, giving merchants access to real-time AI integrations inside their workflows.

• Trustpilot partnered with Shopify to let merchants display verified reviews and manage customer feedback directly inside Shopify stores.

• The stock is down 26.7% year-to-date, creating a more interesting setup for long-term investors.

• Shopify continues to trade at a premium valuation, meaning expectations remain high.

Growth Indicators

Shopify's growth outlook remains the biggest reason investors continue to follow the stock closely.

Sales are expected to grow nearly 24% next year, while EPS is projected to rise almost 27%. That is a strong profile for a company already operating at global scale.

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Profitability & Financials

Shopify's financial position remains one of its biggest strengths.

The company has no meaningful debt, a strong current ratio, and positive margins. This gives Shopify flexibility to invest in AI, product development, payments, merchant tools, and international expansion without relying heavily on debt.

Technical & Momentum

Shopify is still far below its 52-week high, but the stock has started to show some near-term strength.

Shares are up 5.9% over the past five trading days and are now trading above the 50-day average. That suggests buyers may be stepping back in after a difficult start to the year.

What to Watch Next

Investors should watch:

• Adoption of Shopify's AI tools

• Merchant solutions growth

• Trustpilot integration impact

• Margin performance

• Revenue growth staying above 20%

• Valuation discipline

• The next earnings update

The biggest question is whether Shopify can keep growing quickly enough to justify its premium valuation.

Bottom Line

Shopify remains one of Canada's best long-term growth stories, even after a difficult year for the stock.

The valuation is still high, and investors should expect volatility. But with strong revenue growth, no debt, improving profitability, and new AI tools that could deepen merchant engagement, Shopify remains a high-quality Canadian stock worth watching for long-term investors.

The Wealth Awesome Team

• The TSX continued to climb as easing geopolitical tensions and lower oil prices improved investor sentiment, while softer energy costs helped reduce inflation concerns and supported expectations that the Bank of Canada will keep interest rates on hold.

• Canada’s economy remains sluggish, but falling fuel prices are expected to provide a boost to consumer spending and overall growth in the months ahead.

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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week:

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• BlackBerry shares dipped after a nearly 20% rally, as investors took profits despite strong Q1 results and raised full-year guidance. Revenue rose 26% to $152.9 million, driven by QNX and Secure Communications, while management highlighted growing royalty potential, stronger margins, and new opportunities in automotive, robotics, medical devices, and industrial automation.

• Western Digital's new CIBC CAD-hedged CDR came under pressure despite the company's strong underlying fundamentals. GuruFocus highlighted Western Digital's leadership in the hard disk drive market, solid financial strength, and expectations for robust long-term revenue growth driven by rising data centre demand, but also flagged valuation concerns with the stock trading well above its estimated fair value.

The Wealth Awesome Team

Welcome to the May edition of the Wealth Awesome newsletter. Thank you to the 17,000+ 🇨🇦 subscribers who join us today!

Market Update

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Summary

Gas Prices Are Up, But Don’t Panic Yet

Canada’s inflation rate is expected to edge up to 3.0% in May, driven primarily by higher energy prices and a modest increase in food costs.

While headline inflation is moving above the Bank of Canada’s target range, underlying price pressures remain relatively contained, with core inflation measures still hovering near the central bank’s 2% target.

This distinction is important because policymakers have little control over global oil prices and are more focused on whether inflation is spreading across the broader economy.

For now, consumer spending and labour markets appear stable, giving the BoC room to remain patient and keep interest rates unchanged.

⏱️ TLDR: Higher oil prices are pushing inflation back up, but core inflation remains under control—giving the Bank of Canada little reason to change rates anytime soon.

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Canadian stocks over the last 30 days (end May- June 2026)

• The TSX had a challenging month, with broad weakness in energy and resource stocks outweighing gains in financials. Major energy names like Suncor (-16.58%), CNQ (-15.75%), Imperial Oil (-10.0%), and AEM (-9.90%) saw sharp declines as commodity-related sectors came under pressure.

• Offsetting some of the losses were strong performances from Canada’s banks, including BNS (+8.76%), BMO (+8.57%), TD (+7.54%), and RY (+7.27%), while Shopify (+2.69%) also posted modest gains.

• Overall, investors rotated toward financials and away from energy, creating a mixed market with red dominating despite pockets of resilience.

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Thats it for this month!

The Wealth Awesome Team

Stock: Gibson Energy (TSX)

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Quick Take: A Canadian energy infrastructure stock offering a 6% forward dividend yield, steady cash flow exposure, and improving analyst sentiment. Shares have climbed strongly over the past year, and while growth is not explosive, Gibson remains appealing for TFSA investors looking for income and stability.

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Major Developments This Week & Near-Term

• Gibson Energy shares closed at $29.48 on Monday, down slightly by 0.29%, but the stock remains close to its 52-week high.

• The broader Canadian energy infrastructure sector has been gaining attention as new export projects, LNG development, and pipeline demand improve the long-term outlook for midstream companies.

• For Gibson, investors are focused on steady cash flow, dividend reliability, and the company’s ability to keep expanding earnings while managing debt.

Key Metrics (as of Monday’s close)

Analyst Insights

• Analyst sentiment is generally positive, with 7 of 11 analysts rating Gibson Energy either Buy or Strong Buy.

• The average target price suggests modest upside from current levels, meaning the stock may be fairly valued after its recent run. Still, the yield and cash flow profile keep it relevant for income-focused investors.

Recent/Notable Items

• Gibson remains close to its 52-week high after a strong one-year gain.

• The stock has returned 31.1% over the past year and 19.1% year-to-date.

• Barron’s recently highlighted Canadian pipeline and energy infrastructure stocks as potential beneficiaries of renewed energy export momentum.

• Gibson continues to stand out for its dividend profile, with a forward yield of 6.0%.

• The next quarterly report is expected on July 27, 2026.

Growth Indicators

• Gibson’s revenue is expected to decline slightly next year, but earnings are projected to rebound strongly.

• That makes the story more about margin improvement, cash flow consistency, and operational efficiency than top-line growth.

Profitability & Financials (quick read)

• Gibson’s margins are thin, but that is common in parts of the energy marketing and infrastructure business.

• The stronger point is return on equity, which sits at 14.9%. Debt is worth watching, with a debt-to-equity ratio of 2.8, but the company’s infrastructure assets and recurring cash flow help support the dividend profile.

Technical & Momentum

• Gibson is still showing solid momentum, trading above both its 50-day and 120-day averages.

• The RSI is not overly stretched, suggesting the stock has momentum without looking extremely overbought.

What to Watch Next

Investors should watch the next earnings report for updates on:

• dividend coverage

• debt levels

• marketing segment performance

• infrastructure cash flow

• EPS recovery

• Canadian energy export momentum

The dividend is the main attraction, but cash flow coverage will remain the key factor for long-term investors.

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One-Look Summary

The Wealth Awesome Team

TSX & Canada Economic Summary (June 21st, 2026):

• Canada's economy remains weak, with the Bank of Canada expected to keep interest rates unchanged as growth slows and trade uncertainty persists. Inflation sits at 2.8%, but most of the increase is being driven by energy prices rather than broad-based inflation pressures.

• On the market side, the TSX slipped slightly last week despite resilient U.S. economic data. Investors are navigating a "higher-for-longer" interest rate environment, though strong corporate earnings and consumer spending continue to support equity markets.

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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week:

📈 Top Gainers

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• K92 Mining Inc. (KNT-T): K92 Mining is gaining attention as investors increasingly view it as a district-scale gold growth story rather than a single-mine operator. The company reported record Q1 2026 revenue (+63% year-over-year), net income of $116.6 million, and a strong net cash position of $242.6 million, while advancing expansion plans that could more than double annual production over time. Continued exploration success at the Arakompa deposit and the Stage 4 expansion could support further upside, with analysts highlighting the stock's valuation discount relative to peers.

• Transat A.T. Inc. (TRZ-T): The airline announced two new international routes from Montreal to Reykjavík, Iceland and Dakar, Senegal, becoming the first carrier to offer a direct Canada–Sub-Saharan Africa connection. The expansion is part of Air Transat’s largest-ever summer schedule, aimed at diversifying destinations and driving future passenger growth despite ongoing industry challenges from higher fuel costs.

The Wealth Awesome Team

Stock: Blackline Safety (TSX)

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Quick Take: A fast-growing Canadian technology stock focused on connected worker safety, gas detection, and real-time monitoring. It is not a pure data centre stock, but rising industrial activity from Canada’s AI and infrastructure buildout could support long-term demand for Blackline’s devices, software, and subscription services.

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Major Developments This Week & Near-Term

• Blackline Safety has been in the spotlight after reporting Q2 2026 results and providing an update on its proposed transaction with Francisco Partners.

• The company continues to grow revenue, helped by demand for connected safety technology across industrial, energy, utility, emergency response, and infrastructure markets.

• The stock is also trading near its 52-week high, reflecting strong investor interest after a major run this year.

Key Metrics (as of Monday’s close)

Analyst Insights

• There is currently no analyst rating or target price data available in the dataset provided.

• That makes Blackline more of a company-specific growth story than a consensus-driven analyst trade. Investors are likely watching revenue growth, margin improvement, profitability progress, and the Francisco Partners transaction more closely than traditional price targets.

Recent/Notable Items

• Blackline reported Q2 2026 revenue of $44.3 million, up from $35.9 million in Q2 2025.

• The company posted a Q2 net loss of $3.1 million, showing that profitability remains a key watch item.

• Blackline recently announced its proposed acquisition by Francisco Partners for up to $850 million.

• Its newer G8 connected safety wearable remains an important product launch, expanding Blackline’s connected worker safety platform.

• Motley Fool Canada recently highlighted Blackline as a potential indirect winner from Canada’s data centre buildout.

Growth Indicators

• Blackline’s growth profile is the main reason investors are watching the stock.

• The company has grown sales at a strong pace over the past several years, helped by recurring service revenue tied to connectivity, monitoring, data services, compliance tools, and cloud-based safety insights.

• If industrial activity rises from data centre construction and broader infrastructure investment, Blackline could benefit from more worksites, more connected devices, and higher subscription service demand.

Profitability & Financials

• Blackline has strong gross margins, which is encouraging for a hardware-plus-software business.

• However, the company is still not consistently profitable. Operating margin and net margin remain negative, meaning investors need to watch whether revenue growth can translate into sustainable earnings over time.

• The balance sheet looks relatively clean, with low debt and positive net cash per share.

Technical & Momentum

• Blackline is trading just below its 52-week high after a strong rally.

• The stock is up nearly 40% year-to-date and more than 240% over the past three years. Momentum remains strong, but with shares near the top of their range, investors may want to watch for either a breakout or a cooling-off period.

What to Watch Next

Investors should watch three main areas from here.

First, whether revenue growth continues above 20%. Second, whether Blackline can move closer to consistent profitability. Third, whether the Francisco Partners transaction progresses as expected.

Other key items include:

• service revenue growth

• G8 adoption

• gross margin stability

• international expansion

• data centre and infrastructure-related demand

• cash flow improvement

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One-Look Summary

Bottom Line

Blackline Safety is not a traditional data centre stock, but it could still benefit from the broader industrial activity tied to Canada’s AI and infrastructure buildout.

The company has strong revenue growth, high gross margins, low debt, and a growing connected safety platform. The main risk is profitability, as the business is still posting losses.

For investors looking beyond the obvious AI names, Blackline is an interesting Canadian technology stock to watch — especially if connected worker safety becomes a larger part of the infrastructure boom.

The Wealth Awesome Team

• The TSX closed the week higher at 34,937 (+266 points), supported by broader market participation beyond tech, with financials, healthcare, and small-cap stocks gaining momentum.

• Canada’s economy remains soft, prompting the Bank of Canada to keep rates unchanged at 2.25%, while signaling that further rate hikes are unlikely as GDP growth remains weak and core inflation stays near the 2% target.

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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week:

📈 Top Gainers

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📉 Top Decliners

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• Valor Gold Corp. (TSX: VGC) announced that its shares began trading on the OTCQB Venture Market in the U.S. under the ticker VLGDF on June 9, 2026. The listing is expected to increase the company's visibility among U.S. investors, improve trading accessibility, and support its long-term capital markets strategy while continuing to trade on the TSX under VGC.

  Why it matters: The OTCQB listing could expand Valor Gold's investor base and liquidity by making the stock easier for U.S. retail and institutional investors to access.

• Stack Capital Group (TSX: STCK) is sitting on a massive gain from its early investment in SpaceX, turning an US$8 million investment into more than US$100 million following the company's blockbuster IPO. SpaceX now represents nearly one-third of Stack's portfolio, and management plans to hold the position for further long-term growth rather than selling immediately.

  Why it matters: The success of SpaceX validates Stack Capital's strategy of giving retail investors access to high-growth private companies before they go public. The company also owns stakes in potential future IPOs such as OpenAI, Canva, and Hopper, which could drive additional value creation in the years ahead.

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The Wealth Awesome Team

Stock: Enbridge (TSX)

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Quick Take: A blue-chip Canadian energy infrastructure stock with a 5% dividend yield, massive North American pipeline and utility assets, and a long track record of shareholder income. Shares pulled back slightly after a strong run, but Enbridge remains one of the more dependable TSX names for long-term dividend investors.

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Major Developments (this week & near-term)

• Enbridge shares closed at $77.23, down 1.67% on Monday, but the stock remains close to its 52-week high after a strong year.

• The company continues to benefit from its large-scale energy infrastructure network, which includes oil pipelines, natural gas pipelines, regulated gas utilities, and a smaller renewable power portfolio.

• Near term, investors are focused on Enbridge’s next quarterly report expected in August, along with continued execution across its pipeline and utility businesses.

Key Metrics (as of Monday’s close)

Analyst Insights

• Analyst sentiment remains constructive, though not aggressive. Most analysts are either positive or neutral, with the average target price sitting roughly in line with the current share price.

• That suggests Enbridge is viewed less as a deep-value opportunity today and more as a reliable income compounder for investors who want steady dividends and lower volatility.

Recent/Notable Items

1. Enbridge was recently mentioned in midstream energy coverage alongside peers such as Enterprise Products and Kinder Morgan, with the sector continuing to attract attention for stable, fee-based cash flows and long-term energy infrastructure demand.

2. A separate industry update noted that an Enbridge-owned pipeline tied to Zephyr Energy’s Paradox project passed an in-line inspection process, with no immediate integrity concerns reported at current operating pressure.

3. While this is not a major Enbridge-wide catalyst, it reflects the company’s role as a key infrastructure operator across North America.

Growth Indicators

Enbridge is not a fast-growth stock, but that is not the main reason investors own it.

The attraction is the combination of scale, predictable cash flows, regulated utility exposure, and a dividend that can support long-term income portfolios. EPS is expected to improve next year, even though sales growth is projected to stay roughly flat.

Profitability & Financials (quick read)

• Enbridge’s profitability profile remains solid for a large midstream business, with a 10% net margin and 10% return on equity.

• Debt is always a key factor to watch with infrastructure-heavy companies, but Enbridge’s scale, regulated utility exposure, and long-term contracted assets help support its dividend profile.

• The payout ratio is elevated, so investors should continue watching cash flow coverage rather than earnings alone.

Technical & Momentum

• Enbridge still has strong momentum, trading well above both its 50-day and 120-day averages.

• Unlike some overheated stocks, the RSI is not yet in extreme territory, which suggests the stock has cooled slightly while still maintaining an upward trend.

What to Watch Next

Investors should watch the next earnings report in August for updates on cash flow, debt levels, dividend coverage, and progress across the company’s core pipeline and utility assets.

Key areas to monitor include:

• dividend sustainability

• debt reduction

• cash flow growth

• utility integration

• energy infrastructure demand

• interest rate trends

If Enbridge continues delivering steady cash flow, the stock should remain a core income name for many Canadian investors.

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One-Look Summary

Bottom Line

Enbridge remains one of the strongest buy-and-hold dividend stocks on the TSX for investors focused on long-term income.

The stock is not cheap after its recent rally, and upside to the average analyst target is limited. But with a 5% yield, massive infrastructure assets, and a business built around essential energy transportation and utilities, Enbridge still looks like a dependable income stock that investors can hold for years.

The Wealth Awesome Team

Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week (June 1-6)

🇨🇦 Canada & TSX Market Summary

The TSX fell 803 points (-2.3%) to 34,413, tracking a broader global market selloff as investors reacted to stronger-than-expected employment data and growing concerns that interest rates could remain higher for longer.

On the economic front, Canada added 88,000 jobs in May, reversing April's decline and signaling a rebound in the labour market. However, economists note that hiring remains volatile and the broader trend still points to sluggish economic growth, which is expected to keep the Bank of Canada on hold for the remainder of 2026.

📈 Top Gainers

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📰 Market Highlights

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Curaleaf Holdings Inc (CURA-T): The week's standout performer surged an extraordinary 219.72% to close at $16.21. The move attracted significant investor attention and made Curaleaf one of the biggest gainers across Canadian markets, with trading volumes well above normal levels.

Transcontinental Inc. (TCL.A-T): Shares gained 7.43% during the week, closing at $5.06. The packaging and printing company benefited from renewed investor interest in industrial and defensive sectors as market participants looked for stability amid broader volatility.

Dream Unlimited Corp. (DRM-T): The real estate developer advanced 6.85% to finish the week at $19.97. Strong sentiment toward Canadian real estate-related equities helped support gains, making Dream Unlimited one of the strongest performers in the sector.

📉 Top Decliners

Terravest Industries Inc. (TVK-T): Terravest posted the largest decline among major Canadian stocks this week, falling 31.58% to $108.40. The sharp pullback followed a strong run-up in the stock and reflected significant profit-taking by investors.

Fintechwerx International Software Services (WERX-CN): Shares dropped 30.00% to close at $0.56. The small-cap technology company faced heavy selling pressure as investors reduced exposure to higher-risk growth stocks.

Deep Sea Minerals Corp. (SEAS-CN): The mining exploration company declined 22.91% during the week, ending at $1.75. Resource-sector volatility and risk-off sentiment weighed on junior mining names, contributing to the stock's sharp decline.

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Summary

From Stall Speed to Growth Mode: Canada Finds Some Momentum

Canada’s economy appears to have bounced back in Q1 2026, with GDP growth expected to rise 1.7% annualized after contracting in Q4.

The recovery was driven by stronger household, business, and government spending, while temporary disruptions from strikes and inventory drawdowns that weighed on late 2025 activity began to fade.

Housing remained a weak spot as home resales continued to soften, but improving consumer demand and recovering manufacturing activity helped offset slower oil and mining output.

RBC also noted that slowing population growth is boosting per-capita economic performance, suggesting Canadians may finally be seeing improving economic conditions after several difficult years.

⏱️ TLDR: Canada’s economy rebounded in Q1 as consumer spending and manufacturing improved, while slower population growth boosted per-person economic conditions.

Canadian stocks over the last 30 days (end April - May 2026)

The TSX posted a mixed month with strong gains in financials and energy offset by sharp weakness in growth and materials.

Big banks led the rally, with RY (+8.46%), TD (+6.51%), BNS (+6.43%), and ENB (+10.55%) all delivering solid returns, while CNQ (+7.00%) and SU (+4.31%) boosted energy sentiment.

On the downside, Shopify (-17.09%) was the biggest drag, alongside notable declines in AEM (-11.59%), FNV (-7.31%), and WCN (-7.80%). Overall, markets showed a defensive tilt, with investors favouring banks and energy while rotating away from tech and precious metals.

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Stock: SmartCentres REIT (TSX: SRU.UN)

SmartCentres REIT (TSX: SRU.UN) is one of Canada’s largest retail-focused REITs, with a portfolio built around shopping centres, mixed-use properties, residential developments, office, self-storage, and other real estate assets across the country.

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Quick Take: SmartCentres looks like a steady TFSA income candidate. It offers a monthly distribution, a forward yield around 6.5%, and low volatility compared with the broader market. The stock is near its 52-week high, so it is not deeply discounted, but the income profile remains attractive for long-term passive-income investors.

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Major Developments (this week & near-term)

• Monthly distribution: SmartCentres declared a May 2026 distribution of $0.15417 per unit, equal to $1.85 annualized.

• Market performance: Shares slipped 1.0% over the last 5 days, closing at $28.70.

• Strong YTD return: The stock is up 14.6% year to date, outperforming the broader real estate industry return of 10.6%.

• Q1 results released: SmartCentres recently reported its first-quarter 2026 results, keeping investor focus on occupancy, rental income, development activity, and balance-sheet strength.

• Next earnings date: The next quarterly report is expected on August 6, 2026.

Key Metrics (as of Monday’s close)

Analyst Insights

Read: With no formal analyst target data available in the provided snapshot, SmartCentres is best evaluated through its distribution yield, valuation, property portfolio, leverage, and cash-flow stability.

Recent/Notable Items

• Monthly income remains the key draw: The forward distribution is $1.85 per unit, supporting a yield of about 6.5%.

• Retail REIT strength: SmartCentres continues to generate most of its revenue from retail properties, while also maintaining exposure to residential, self-storage, and mixed-use development.

• Near-high trading: The stock trades at 97.9% of its 52-week high, showing strong investor confidence but less obvious bargain pricing.

Growth Indicators

SmartCentres is not a fast-growth stock. The story is more about steady rental income, monthly distributions, and long-term asset value.

Profitability & Financials (quick read)

SmartCentres has solid profitability metrics and trades below book value, which can be attractive for REIT investors. The payout ratio of 86.4% is elevated, but still in a typical range for income-focused REITs.

Technical & Momentum

Momentum is strong, but the stock is close to its high. That makes SmartCentres less of a deep-value opportunity and more of a stable income hold.

What to Watch Next

• August 6 earnings: Watch occupancy, rent collection, same-property NOI, and development updates.

• Distribution sustainability: The monthly payout is the main reason investors own this REIT.

• Interest rates: Lower rates could support REIT valuations, while higher rates may pressure financing costs.

• Retail property demand: Tenant health and leasing activity remain key.

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One-Look Summary

Bottom Line

SmartCentres REIT (TSX: SRU.UN) is a strong income stock for investors who want monthly cash flow from a familiar Canadian real estate name. It is not a high-growth pick, and the stock is already trading near its 52-week high. But with a 6.5% forward yield, steady monthly distributions, and a diversified real estate portfolio, it remains a practical TFSA stock for investors focused on passive income.

The Wealth Awesome Team

The TSX climbed to a record high of 34,769, supported by optimism that a U.S.–Iran ceasefire could ease energy market disruptions and reduce pressure from elevated oil prices. Strong corporate profits and continued investor confidence also helped support Canadian equities.

On the economic front, Canada entered a technical recession after GDP contracted for a second consecutive quarter in Q1 2026, reflecting weak business investment, soft consumer spending, and labour market weakness. However, economists believe the slowdown is likely to remain mild rather than develop into a deep recession, while the Bank of Canada is expected to keep interest rates unchanged despite inflation temporarily rising due to higher energy costs.

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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week (Jan 20-24)

📈 Top Gainers

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📉 Bottom Losers

📰 Market Highlights

ServiceNow CDR (CAD Hedged) (NOWS-T): The stock gained 14.06% this week as investor demand for AI and enterprise software names remained strong. ServiceNow continues to benefit from growing adoption of workflow automation and AI-powered business solutions, supporting positive sentiment toward the stock.

Neo Performance Materials (NEO-T): The stock fell 9.45% this week after the company completed a C$115 million bought-deal equity offering, issuing 4.0 million new shares at C$28.75 per share. While the financing strengthens Neo’s balance sheet and supports growth initiatives in rare earth materials and advanced magnets, investors reacted negatively to the dilution from the new share issuance. Source |

Stock: Moat Active Premium Yield ETF (TSX)

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Quick Take: A high-yield Canadian ETF designed to generate monthly cash flow through an options-based strategy. The fund is still very new, but its 12% forward yield, monthly distributions, and defensive real-asset benchmark exposure make it an interesting watchlist name for income-focused investors.

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Major Developments (this week & near-term)

• Moat Active Premium Yield ETF recently announced its monthly cash distribution of $0.20 per unit, payable on June 2, 2026, to unitholders of record as of May 28, 2026.

• The ETF seeks to provide high income and moderate capital growth, mainly by writing put options on a portfolio of North American equity securities.

• That makes MOAT more of an income-focused strategy than a traditional growth ETF.

• The key appeal is monthly cash flow, while the main risk is that distributions can vary over time.

Key Metrics (as of Monday’s close)

Analyst Insights

• Because MOAT is an ETF rather than an individual company, traditional analyst ratings and price targets are not available in the same way they are for stocks.

• For investors, the more useful focus is the strategy itself: whether the ETF can continue generating attractive income while managing downside risk through changing market conditions.

Recent/Notable Items

1. LongPoint announced MOAT’s monthly cash distribution of $0.20 per unit.

2. The ETF currently shows a 12.0% forward dividend yield.

3. MOAT is listed on the TSX and managed by LongPoint.

4. The fund’s strategy focuses on income generation through put-writing on North American equities.

5. Assets remain small at around $5 million, so liquidity and trading volume are worth watching.

Growth Indicators

MOAT does not have sales or earnings growth metrics like a traditional company. Instead, investors should focus on distribution consistency, asset growth, trading liquidity, and how the options strategy performs across different market environments.

Profitability & Financials (quick read)

• Since MOAT is an ETF, profitability metrics such as net margin, return on equity, and earnings growth do not apply.

• The more relevant financial indicators are fund size, liquidity, yield, and distribution sustainability. With only about $5 million in net assets and low average trading volume, MOAT is still a small and early-stage fund.

• That does not make it unattractive, but it does mean investors should be mindful of liquidity and bid-ask spreads before buying.

Technical & Momentum

• MOAT is trading very close to its 52-week high, with momentum indicators sitting near overbought territory.

• That suggests investors have been moving into the ETF recently, likely attracted by its high monthly income profile. However, because the fund is still new and lightly traded, short-term price moves should be interpreted carefully.

What to Watch Next

• Investors should watch the next few monthly distributions to see whether the payout remains consistent.

  Other important items include:

  • asset growth

  • trading volume

  • distribution stability

  • option strategy performance

  • market volatility levels

    Higher volatility can support option income, but it can also increase downside risk if markets move sharply.

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One-Look Summary

Bottom Line

MOAT is not a traditional dividend stock. It is a newer, options-based income ETF built for investors who want monthly cash flow.

The 12% forward yield is attractive, but investors should also recognize the trade-offs: small fund size, limited history, low trading volume, and distributions that may vary over time.

For income-focused investors willing to understand the strategy, MOAT could be an interesting ETF to watch — but it deserves more caution than a mature, blue-chip dividend stock.

The Wealth Awesome Team

• The TSX continued its strong momentum, hitting new record highs, supported by robust corporate earnings—especially from commodity sectors—despite rising bond yields.

• In Canada, economic conditions remain resilient with solid growth and inflation around 2.8%, though higher energy prices and rising government bond yields (now ~3.6%) are increasing pressure and could delay interest rate cuts from the Bank of Canada.

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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week:

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• Blackberry Limited stock hit a four-year high after securing a key FedRAMP “High” re-certification for its AtHoc platform, strengthening its position in U.S. government and critical infrastructure communications. The milestone highlights growing demand for secure emergency systems and reinforces investor confidence, driving the stock’s recent double-digit gains.

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Stock: Keyera (TSX)

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Quick Take: A high-quality Canadian midstream energy stock with a steady monthly dividend, strong recent momentum, and growing scale after its Plains Canadian NGL acquisition. Shares are trading near their 52-week high, but the mix of income, infrastructure exposure, and long-term cash flow potential keeps the story compelling.

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Major Developments (this week & near-term)

• Keyera has been in focus after reporting its latest quarterly results and closing its acquisition of Plains’ Canadian natural gas liquids business.

• The deal expands Keyera’s infrastructure footprint and strengthens its fee-based platform, giving the company more scale across gathering, processing, storage, transportation, and liquids infrastructure.

• The stock has also continued to perform well, gaining 9.5% over the past five trading days and nearly 32% year-to-date.

Key Metrics (as of Monday’s close)

Analyst Insights

Analyst sentiment remains positive overall, with 7 of 11 analysts rating the stock either Buy or Strong Buy.

That said, the average target price sits slightly below the current share price, suggesting analysts still like the business but may see the stock as fairly valued after its strong recent run.

Recent/Notable Items

• Keyera’s biggest recent item is the closing of its Plains Canadian NGL acquisition, which meaningfully expands its infrastructure base.

• The company also reported Q1 2026 sales of about $1.3 billion, though the quarter included a net loss of roughly $122 million. That makes integration of the Plains assets especially important, as investors will want to see the deal contribute to more stable, fee-based cash flows over time.

• Director retirements were also announced, but the bigger investor focus remains on the acquisition, dividend profile, and operational execution.

Growth Indicators

Keyera’s growth outlook looks strong, particularly for a midstream energy company. Analysts expect sales to rise more than 31% next year, while EPS is projected to grow nearly 49%.

The forward PEG ratio of 0.8 also suggests the stock may still offer reasonable value relative to expected earnings growth.

Profitability & Financials (quick read)

• Keyera’s profitability metrics are modest compared to some peers, and debt remains something investors should watch. The company’s debt-to-equity ratio sits at 2.5, while interest coverage is 1.9.

• Still, its midstream model provides exposure to essential energy infrastructure, and the company’s monthly dividend makes it attractive for TFSA investors looking for consistent income.

Technical & Momentum

• Keyera is trading almost exactly at its 52-week high, which reflects strong investor demand but also means the stock may be getting stretched in the short term.

• The RSI above 70 suggests the stock is in overbought territory, so a pause or pullback would not be surprising after such a strong move.

What to Watch Next

• Investors should watch three things from here.

• First, how smoothly Keyera integrates the Plains Canadian NGL assets. Second, whether the company can convert its expanded platform into stronger fee-based cash flow. Third, whether dividend growth can continue while debt levels remain under control.

• The next quarterly report, expected in August, will be an important update.

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One-Look Summary

Bottom Line

Keyera looks like one of the stronger Canadian income stocks for TFSA investors who want regular dividends and exposure to energy infrastructure.

The stock is not cheap after its recent rally, and momentum looks stretched in the short term. But with a 3.8% yield, strong analyst support, and a larger infrastructure platform after the Plains acquisition, Keyera remains a compelling long-term dividend name to watch.

The Wealth Awesome Team