Best Canadian Stocks To Buy For 2023

Imperial Oil Limited (IMO Quick QuoteIMO ) recently announced that it is on track to build an international-level renewable diesel facility at its Strathcona refinery close to Edmonton, Alberta.

From locally-produced and cultivated feedstocks, this new complex is set to produce more than 1 billion litres of renewable diesel fuel, annually. The project is intended to reduce emissions in the Canadian transportation industry by around 3 million tons a year, which is equivalent to removing almost 650,000 passenger vehicles from the road for a year.

Blue hydrogen (hydrogen produced from natural gas with carbon capture and storage) will be used in renewable diesel manufacturing to significantly curb greenhouse gas emissions compared to conventional hydrogen production. Annually, around 500,000 tonnes of carbon dioxide are predicted to be captured. To manufacture premium low-carbon diesel fuel, the blue hydrogen and biofeedstock will be mixed with a patented catalyst.

Imperial Oil is now in partnership talks with government and industry including the governments of Alberta and British Columbia, both of which lent a consent to support this project through an agreement under Part 3 of their low-carbon fuel legislation.

Best Canadian Stocks To Buy For 2023: Herman Miller, Inc.(MLHR)

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, and related services in the United States and internationally. It provides modular systems under the Canvas Office Landscape, Locale, Metaform Portfolio, Public Office Landscape, Action Office, Ethospace, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Celle, Equa, and Ergon names; and storage products under the Meridian and Tu names. The company also offers wooden casegoods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; and healthcare products under the Palisade, Compass, Nala, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions and textiles. Its products are used in institutional environments, including offices and related conference, lobby, and lounge areas, as well as general public areas, such as transportation terminals; health/science environments comprising hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. The company markets its products through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through Internet. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan.

Advisors’ Opinion:

  • [By Ian Bezek]

    However, the company still has a market capitalization of more than $15 billion. That equates to a still-high valuation of eight times revenue for a firm that is barely breaking even and whose sales are only growing at around 20% per year. It’s time to stop giving Palantir excuses. Its business has been around long enough that it should have more results than this to justify all the hype.

    Carnival Corp (CCL)

  • [By Bret Kenwell]

    With more than 75% of U.S. adults with at least one shot of the vaccine, let’s look at a few stocks to buy that could start to see the multi-year impact by a return to business.

    Disney (NYSE:DIS) Delta (NYSE:DAL) Southwest Airlines (NYSE:LUV) MGM Resorts (NYSE:MGM) Wynn Resorts (NASDAQ:WYNN) Boeing (NYSE:BA) Cruise stocks (NYSE:CCL), (NYSE:NCLH), (NYSE:RCL)

    Now, let’s dive in and examine each one closer.

Best Canadian Stocks To Buy For 2023: Smith(wh)

WH Smith PLC operates retail stores under the Travel and High Street names primarily in the United Kingdom. The company sells newspapers, magazines, books, confectionery, and impulse products, as well as entertainment products. It also offers a range of books, stationery, magazines, and gifts through; and personalized cards and gifts through The company operates approximately 561 travel units and 612 high street stores in various locations, including high streets, shopping centers, airports, train stations, motorway service areas, hospitals, and workplaces. It also has operations in the Republic of Ireland, Denmark, India, Australia, and Oman. The company was founded in 1792 and is based in Swindon, the United Kingdom.

Advisors’ Opinion:

  • [By Asit Sharma]

    Global hotel franchisor Wyndham Hotels and Resorts (NYSE:WH) attempted a dramatic transformation last year when it completed both the acquisition of La Quinta Holdings and a spinoff from parent Wyndham Destinations on successive days (May 31 and June 1, respectively).

  • [By Motley Fool Transcribers]

    Wyndham Hotels & Resorts, Inc.  (NYSE:WH)Q4 2018 Earnings Conference CallFeb. 13, 2019, 8:30 a.m. ET

    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:


  • [By Joseph Griffin]

    Tower Research Capital LLC TRC acquired a new position in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,453 shares of the company’s stock, valued at approximately $145,000.

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