Latest news with #Ottawa-headquartered
Yahoo
19-04-2025
- Business
- Yahoo
Here Are My Top 2 TSX Stocks to Buy Right Now
Written by Adam Othman at The Motley Fool Canada The tariff war and ensuing trade tensions worldwide has weighed on several top TSX stocks, regardless of the industry they operate in. Stock market volatility makes it difficult to put money into the stock market due to potential losses. However, experienced investors treat these periods of difficulty as opportunities. Many investors willing to invest during times like these focus more on stable and defensive assets that are recession-resistant. However, it does not mean it's fair to completely ignore growth stocks due to the higher risk that comes with investing in such companies. Short-term market volatility should not phase you if you have a long-term investment strategy. Choosing high-quality growth stocks with the ability to weather the storm and emerge stronger on the other side can help you reap plenty of benefits in the long run. Against this backdrop, here is a pair of TSX tech stocks you can consider investing in right now. Celestica (TSX:CLS) is a $12.95 billion market capitalization company offering supply chain solutions. The company can provide these solutions to businesses across several industries within the technology ecosystem. It helps companies perform better by offering efficient manufacturing and supply chain management services. The demand for its specialized services is expected to remain strong, especially with the expected shift in global trade routes amid trade tensions. The company's ability to help businesses adapt rapidly to the changing global needs puts it in an excellent position for long-term success. As of this writing, CLS stock trades for $111.68 per share. Down by almost 46% from its 52-week high, it might be a bargain at current levels to consider for your portfolio. Shopify (TSX:SHOP) is a $150.58 billion giant in the Canadian tech space. The Ottawa-headquartered multinational company has become an essential presence in the e-commerce space in recent years. Its platform lets merchants of all sizes build an online presence, including fulfillment, payment, and shipping services, alongside digital storefronts. The company has also beefed up its artificial intelligence (AI) capabilities to improve offerings to its customers. Merchants using its platform can maximize their chances of success due to its AI-powered platform. Greater success for merchants means better business for Shopify in the long run. While the tariff war-induced volatility might persist for several quarters, the bigger picture spells good news for the company. As of this writing, Shopify stock trades for $116.58 per share. Down by 36.48% from its 52-week high, it is available to investors at a better price point for their self-directed investment portfolios. Even if you fancy yourself as a contrarian investor who loves to go against the grain, you should not risk more than you can bear to lose. Investing in growth stocks during volatile market conditions carries a lot of risk. If you want to go that route, it is better to initially focus on adding safer investments to your self-directed portfolio to mitigate losses. Once you have a well-balanced portfolio, you can consider dipping your toes into higher-risk assets. To this end, Celestica stock and Shopify stock can be good holdings to consider for your self-directed investment portfolio. The post Here Are My Top 2 TSX Stocks to Buy Right Now appeared first on The Motley Fool Canada. Before you buy stock in Celestica Inc., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Celestica Inc. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $20,697.16!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*. See the Top Stocks * Returns as of 3/20/25 More reading Best Canadian Stocks to Buy in 2025 Market Volatility Toolkit 4 Secrets of TFSA Millionaires Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. 2025
CBC
26-03-2025
- Business
- CBC
Philanthropist couple investing up to $2M in The Gathering Place — but it comes with strings
The Gathering Place is getting an investment of up to $2 million to help vulnerable people get long-term and sustainable housing — but the St. John's shelter has to hit predetermined targets in order to receive the donation. The Gathering Place's executive director Paul Davis says he's been in talks for nearly three years with the Northpine Foundation, a Toronto-based private philanthropic organization funded by married couple Cathy and John Phillips. "The agreement with Northpine is up to $2 million in an investment. And is really based on, as we house people, then the funds flow from Northpine to The Gathering Place," Davis told CBC Radio's The St. John's Morning Show. "It's a really interesting model that Northpine has created where they don't invest in infrastructure per se or gardens or particular programs. They invest in organizations and they measure the success of those investments based on outcomes." In this case, the investment is going toward permanent housing for shelter residents. The Gathering Place currently employs housing managers that help people find places to live, and just opened an expansion containing affordable housing units, Mercy House, a few months ago. Typically, guests start off by staying within The Gathering Place's shelter system. Once they're stabilized, they're moved into transitional housing, where they can start building skills that will help them become more independent and less reliant on organizations. "From there you can move to our supportive housing units, which are on the 3rd and 4th floor of Mercy House, or even into the community," said Davis. "Those changes are creating outcomes. And that's how Northpine operates — on providing investments and organizations like The Gathering Place, who can, in turn, provide outcomes." Those outcomes are tracked through a reporting mechanism on the Northpine website. The Gathering Place will be evaluated on the number of people who move to an independent living arrangement, either at Mercy House or within the community. If the non-profit doesn't meet that target, it won't receive funding. According to the Northpine Foundation website, money began flowing to The Gathering Place in May 2024. As of January, its financial contribution has helped 29 people transition to supportive and permanent housing, according to Northpine. Money put to use John Phillips said he was an early investor in Shopify, an Ottawa-headquartered e-commerce platform, which gave the couple a large financial boost. "That investment has, needless to say, rocketed and has given us these opportunities," he told CBC News. He also said that investment was one of "several ships" that came in for them. Cathy Phillips said they wanted to put that money to good use and help people. "The purpose of Northpine is to give back to our community. We came into this wealth. It's more than we need. We want to get that moving to make a difference to the people who need it most. Basically, that's Northpine in a nutshell." John Phillips said they don't see the funding as "donations" but as investments and opportunities to give people "a chance to improve their lot." "The Gathering Place is a superb opportunity to do that," he said. Demand growing Davis said the demand for The Gathering Place's services has continued to rise. "When I came here just four years ago, 250, 280 meals a day was a lot. 300 meals was, 'Oh my goodness, we had 300 meals or 300 for lunch,'" he said. Now, he said 300 is no longer unusual, adding there have been days when they've fed 600 people. Davis added staff are also seeing increasingly complex cases, too. "The availability of drug supply ... has changed society and changed communities," he said.
Yahoo
10-03-2025
- Business
- Yahoo
Saravanamuttoo: Four ways the mayor can take on tariff threats
It is clear by now that U.S. President Donald Trump has Canada in the crosshairs. While he has threatened, paused, levied and equivocated on his tariff threats, it is evident that Canada is now, at the very least, in economic conflict with our closest neighbour and largest trading partner. Trump's attempts to undermine and destabilize us are unlikely to end soon. And while Canadians quite ordinarily complain about all manner of government action or inaction, these times are not ordinary. Canadians are looking to the authorities for leadership and assurance. Federal and provincial governments have responded strongly to Trump — by imposing retaliatory tariffs, by ripping up deals, and by pulling American products off shelves. But what about the third level of government — municipalities — and specifically the City of Ottawa? It would be easy for City Hall to say this is above its pay grade. But Trump has created an all-hands-on-deck moment for Canada. Citizens need leadership and assurance to come from local authorities too. City Hall has already echoed the basic call to buy Canadian whenever possible. It has looked at U.S. procurement that can be cancelled. It has joined the call for freer inter-provincial trade. But we need more. If I were mayor, I'd focus on four areas where the city can rise to the occasion. • First, I would push back and challenge any local personalities who are enabling Trump. While it doesn't make sense for local politicians to challenge national figures such as Wayne Gretsky or Kevin O'Leary, I would call out Tobi Lütke, the CEO of Ottawa-headquartered Shopify, who criticized Canada's retaliation against U.S. tariffs as 'simply the wrong choice.' Lütke's comments should not go unchecked. • Second, I would convene local business interests to better understand the potential impact of U.S. trade action on our local economy. Sutcliffe held an emergency call with the local business improvement associations and other industry representatives. What we need next is a round table that directly involves business owners and operators to hear first-hand how local firms will be impacted by trade action. Then I could advocate with federal and provincial counterparts to have local concerns addressed through support programs for targeted sectors. • Third, I would aim to be the calm in the storm for our community. Many are rattled, even genuinely scared. Our fellow Ottawans are looking to government for assurance that everything will be OK. I would hold community discussions in each ward. Let people voice their fears. Inform them about how City Hall is preparing. Talk about the emergency planning that we currently have for natural disasters, and how that could be mobilized for this crisis. Show that City Hall is using its networks to help federal and provincial officials shape contingency relief programs for affected communities and families as well as for businesses. • Fourth, I would leverage this crisis to Ottawa's advantage. Push Ottawa Tourism into overdrive promoting Ottawa as a destination for vacationers cancelling their US trips. Get Invest Ottawa to capitalize on the inevitable American brain drain by developing a strategy to attract talent and identify pathways for entrepreneurs, workers and suddenly disenfranchised professionals to re-establish themselves here. Talk up our local businesses and restaurants, and help residents find alternatives to U.S. goods, such as those on the list of local suppliers put together by the Ottawa Road Trips team. Promote our local musicians, artists and festivals, and seize this moment to build unity and pride in our city. Of course, Mark Sutcliffe is our mayor. Mr. Mayor, please take these ideas and run with them. The people of Ottawa — including me — are looking to you for leadership in these turbulent times. Neil Saravanamuttoo is the director of CitySHAPES, the author of the 613 on Substack, a former executive at the Department of Finance Canada and the former chief economist of the G20's Global Infrastructure Hub. He is the host of the recently launched Better Ottawa podcast and its Municipal Panel. Deachman: Uncertainty over tariffs is what hurts us the most Wood: Tariffs would repeat the damage COVID did to small business
