Canadians desperately need the money right now. In fact, all of Canada is desperate. Our debt is now at levels exceeding any other major country in the world. Between January and September, Canada incurred an additional $ 15 trillion in debt, bringing our total to $ 272 trillion.
This means that there could be another crash at any time, and it looks more and more likely. COVID-19 continues to sweep the country, with numbers reaching all-time highs in almost every province. Some think of locks, if they are not already under the lock protocol. Such a step backwards could mean another crash like we saw in March, or worse.
So more than ever, Canadians with money to invest should be looking for value. Value stocks are those that usually mean blue-chip companies that are well undervalued. Blue chip companies are those that are household names in the industry. In this case, I would recommend reviewing Brookfield Property Partners LP (TSX: BPY.UN) (NASDAQ: BPY), Toronto-Dominion Bank (TSX: TD) (NYSE: TD) and Manulife (TSX: MFC) (NYSE: MFC).
Brookfield Property is a real estate investment trust that owns real estate worldwide with total assets of approximately $ 88 billion. The company has a diverse portfolio, ranging from offices to storage, hospitality to student accommodation. This diversity means that revenues remain strong and stable, with many areas to fall back on.
Incomes have declined in recent quarters, causing stock prices to fall. However, that’s why you’ll want to buy a stock like Brookfield now for a deal, with stocks around 9.5% below pre-crash levels. As the markets rebound, this stock will skyrocket.
Especially with support like Brookfield Asset Management behind. You really can’t go wrong with a stock like this, especially with an 8.07% dividend yield at the time of writing! And with profits around the corner with probably good news, you could see a boost very soon.
TD Bank has been hit hard during this pandemic, but it has the best chance of emerging from this downturn. Indeed, in recent years, its portfolio has diversified its portfolio into very lucrative areas. These include the United States, where it is now one of the top 10 banks, and wealth management and business.
So even though income is down, it was planned and prepared before the pandemic. TD Bank returned to pre-crisis levels in less than a year during the 2008 recession, so it should be one of the first to emerge from it. Meanwhile, stocks are still trading 6.5% below pre-crash levels.
However, it has a compound annual growth rate (CAGR) of 10.3% over the past decade! It’s the perfect buy and hold of stocks, with a dividend yield of 4.7% pending the rebound.
Finally, Manulife is another stock that has experienced a sharp drop in revenues in recent months. It is also trading around 14% below pre-crash levels. And if one of those companies steals a deal, it must be Manulife. The company provides financial advice, insurance, and wealth and asset management services in Asia, Canada, the United States and around the world. But it is the Asian market that should be of interest to investors.
This is a market that other similar companies are still trying to enter, but Manulife is already there. It is a diversified company that has many spaces to fall back on and come out of this economic slowdown relatively unscathed. Look at the last decade in the CAGR – the company has a strong 7%. It also has a dividend yield of 5.21%. So you get another steal of a deal, with a solid dividend!
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Mad contributor Amy Legate-Wolfe owns shares in TORONTO-DOMINION BANK. The Motley Fool owns stocks and recommends Brookfield Asset Management. The Motley Fool recommends BROOKFIELD ASSET MANAGEMENT INC. CL.A LV and Brookfield Property Partners LP.