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The Canadian economy is largely dependent on industries such as mining stanley canada and energy. Thus, it should be no surprise that the Canadian stock market is mostly dominated by these stocks. However, there is another industry that is often overlooked but has a significant impact on the overall market s performance: the telecom industry.聽The Canadian telecom industry operates as a steadfast oligopoly, with a few dominant companies controlling the market. It bears a resemblance to the structure seen in Canada railroad and banking sectors.While investors may be familiar with names such as Rogers, BCE, and Quebecor, there no doubt that 聽Telus TSX:T is among the key players investors ought to focus on.Here why I think Telus stock is a buy and is among the best telecom plays Canada has to offer. This is a company with a strong growth profile and one which provides excellent dividend in stanley cup come with a stanley cup current yield of approximately 6.2%.Let dive in!Telus and its consiste Jurp The One Strategy Warren Buffett Will Never Use
The Canadian banks haven ;t this out of favour in quite a while. While the coronavirus crisis has been most unkind to Canadastanley mugs 8217 top financial institutions, this certainly isn ;t a repeat of the 2008-09 Great Financial Crisis.The banks are in better shape to roll with the punches this time around, they ;ve been stress-tested, and many of them have made restructuring moves amid the rare Canadian credit downturn that hit over the past year. The well-capitalized Canadian banks were built to survive crises like this.Still, with select banks having more exposure to some of the weakest areas of the economy, investors would be best advised to do their homework before backing up the truck on any si stanley cup ngle name.Headwinds unlikely to fade anytime soonIf you ;re looking to initiate a contrarian position on the Canadian banks, you ;re on the right track, as the industry reeks of value despite the unprecedented headwinds facing them. The banking dividends a vaso stanley re swollen, and