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3 of the Best Canadian Stocks to Buy for Conservative Growth


Published on 2025-02-18 16:41:09 - MSN
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  • These Canadian stocks all have essential operations and generate consistent cash flow, making them three of the best to buy now. The post 3 of the Best Canadian Stocks to Buy for Conservative Growth appeared first on The Motley Fool Canada.

The article from MSN Money discusses three Canadian stocks recommended for investors seeking conservative growth. Canadian National Railway (TSX:CNR) is highlighted for its extensive rail network, consistent dividend increases, and a current yield of 1.9%. Despite a slight dip in stock price, it's seen as a stable investment due to its essential role in North American trade. Royal Bank of Canada (TSX:RY) is praised for its strong financial performance, with a 12% year-over-year earnings increase in the first quarter of 2024, and a dividend yield of 3.9%. Its diversified operations and robust capital position make it a reliable choice for conservative investors. Lastly, Alimentation Couche-Tard (TSX:ATD) is noted for its growth through acquisitions in the convenience store and fuel retail sector, offering a lower yield of 0.9% but with significant potential for capital appreciation due to its strategic expansion and operational efficiency. These stocks are recommended for their stability, growth potential, and dividend income, making them suitable for investors looking to balance risk and reward.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/3-of-the-best-canadian-stocks-to-buy-for-conservative-growth/ar-AA1zjgX5 ]