Highlights

• Anticipation is running high among Canadians around the rising inflation and speculations regarding interest rate hikes.
• This, in turn, has been pushing more investors to look for quality investment options in the stock markets that can reap benefits in the long run.
• With that in mind, let us take a look at some of the top TSX stocks you can explore in the month of February.

Anticipation is running high among Canadians around the rising inflation and speculations regarding interest rate hikes. This, in turn, has been pushing more investors to look for quality investment options in the stock markets that can reap benefits in the long run.

With that in mind, let us take a look at some of the top TSX stocks you can explore in the month of February.

1. Loblaw Companies Limited (TSX: L)

One of the biggest retailers in Canada, Loblaw Companies saw its revenue surge by C$ 379 million to C$ 16.05 billion in the third quarter ending on October 9, 2021.

The grocery retailers net earnings, on the other hand, amounted to C$ 431 million in this quarter, which was an increase of 26 per cent year-over-year (YoY).

Loblaw’s market cap was about C$ 32 billion on Monday, January 31.

Also read: TD & CIBC (TSX:CM) report Q4 profit, hike dividends: Buy call?

2. Rogers Communications Inc (TSX: RCI.B)

Rogers Communications Inc, known to be one of the top wireless service providers in Canada, noted a top line of about C$ 14.65 billion in FY2021, while its profit amounted to C$ 1.55 billion.

The technology and media company’ adjusted EBITDA, which amounted to C$ 5.88 billion, was up one per cent YoY in FY2021.

For Q4 2021, its revenue was up by about six per cent YoY to a total of C$ 3.91 billion.

Rogers Communications held a market cap of about C$ 32 billion on January 31.

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3. Franco-Nevada Corporation (TSX: FNV)

The Canadian gold company, which is set to release its financial result for fiscal year 2021 on March 9 this year, recently announced a 6.7 per cent increase in its quarterly dividend.

It now plans to pay a dividend of US$ 0.32 per share on March 31, up from the previous payout of US$ 0.3.

After its stocks climbed by nearly three per cent on January 31, Franco-Nevada Corporation posted a market cap of nearly C$ 32 billion.

4. Magna International Inc (TSX: MG)

The Canadian company, which is popular for providing mobility technology to the electric vehicle (EV) industry, saw its market cap stand at about C$ 30.5 billion on January 31.

The Aurora, Ontario-headquartered enterprise is set to release its fourth quarter and annual financial results for the fiscal year of 2021 on Friday, February 11. 

Magna International Inc pays a quarterly dividend of US$ 0.43 per share, which was last doled out on December 3 last year.

5. Intact Financial Corporation (TSX: IFC)

The multinational insurance provider saw its profit soar by a whopping 97 per cent YoY to C$ 1.38 billion in the fiscal year of 2021.

The Toronto, Canada-based company was originally established in 1809 and now is known to offer casualty and specialty insurance.

Intact Financial Corporation’s market cap stood at about C$ 30 billion on January 31.

6. Fortis Inc (TSX: FTS)

The diversified utility company’s net earnings climbed to C$ 295 million in the Q3 FY2021, while its capital expenditures amounted to C$ 835 million.

Fortis Inc is known to operate in multiple regions across Canada, the US, Central America, etc.

The St. John's, Newfoundland-based firm, as on January 31, noted a market cap of about C$ 28 billion.

7. Power Corporation of Canada (TSX: POW)

A global financial services company, Power Corporation of Canada provides solutions in the wealth and investment management space in North America, Europe and Asia.

The Montreal, Canada-based firm reported net earnings of C$ 741 million for Q3 FY2021, which was up from that of C$ 505 million in C$ FY2020.

On January 31, its market cap stood at about C$ 25 billion.

8. CGI Inc (TSX: GIB.A)

The C$ 23-billion market cap company noted net earnings of C$ 1.37 billion in the fiscal year of 2021.

Its revenue, on the other hand, stood at C$ 12.13 billion in this period.

CGI Inc, which provides various technology-related services, held a price-to-earnings (P/E) ratio of 19.7 on January 31.

9. Wheaton Precious Metals Corp (TSX: WPM)

The metal streaming company is known to focus on precious metals and cobalt.

Wheaton Precious Metals Corp noted a top line of US$ 269 million in Q3 FY2021 and that of US$ 923 million in the first nine months of 2021.

The Vancouver, Canada-based firm held a market cap of about C$ 23 billion on January 31.

10. Pembina Pipeline Corporation (TSX: PPL)

The integrated energy company in Canada, which is known to owns and run pipeline networks, recorded earnings of C$ 588 million in Q3 2021.

Pembina Pipeline Corporation has plans to dole out a dividend payout of C$ 0.21 on February 15.

It held a market cap of about C$ 22 billion on January 31.

Also Read: Suncor (TSX:SU) & TC Energy (TSX:TRP): 2 oil & gas stocks to buy now

11. First Quantum Minerals Ltd. (TSX: FM)

The Canadian mining company saw its net debt go down by C$ 449 million in Q3 2021 to a balance of C$ 6.3 billion as at September-end last year.

Its cash flows amounted to C$ 703 million in this quarter, which was up by C$ 251 million from Q3 2020.

First Quantum Minerals Ltd held a market cap of about C$ 21 billion on January 31.

12. George Weston Limited (TSX: WN)

The Toronto, Ontario-based player is known to own an assortment of businesses in the retail, real estate and food distribution spaces.

It reported adjusted net earnings of C$ 365 million in Q3 FY2021.

George Weston Limited held a market cap of about C$ 20 billion on January 31.

13. WSP Global Inc (TSX: WSP)

A consultancy firm that focuses on providing engineering and designing solutions to a wide range of industries, WSP Global Inc saw its top line climb by 24 per cent YoY and reach $2.7 billion in Q3 2021.

Its net earnings amounted to $139 million in this quarter, which was up by 33.3 per cent YoY.

The Montreal-based company, as on January 31, had a market cap of about C$ 19 billion.

14. Hydro One Limited (TSX: H)

Known to be the biggest provider of electricity in Ontario, Hydro One Limited reported revenues of C$ 1.913 billion in Q3 2021.

Its earnings per share (EPS) surged to C$ 0.5 in this quarter, up from that of C$ 0.47 in the year before.

Hydro One’s market cap was about C$ 19 billion on January 31.

15. Dollarama Inc (TSX: DOL)

The Canadian retail giant, which came into being about three decades ago, is set for a quarterly dividend payout of C$ 0.05 apiece on February 2.

Dollarama saw its sales gallop by 5.5 per cent to C$ 1.12 billion in Q3 FY2022 ending October 31, 2021.

Its market cap was about C$ 19 billion on January 31.

16. Shaw Communications Inc (TSX: SJR.B)

The Canadian telecom company, in its first fiscal quarter ending November 30, 2021, saw its consolidated revenue jump by 1.2 per cent YoY to C$ 1.39 billion.

Its adjusted EBITDA, on the other hand, was up by 4.3 per cent YoY to C$ 633 million in this quarter, while its bottom line increased by 20.2 per cent YoY to C$ 196 million.

Shaw Communications Inc had a market cap of about C$ 18 billion on January 31.

17. Fairfax Financial Holdings Ltd (TSX: FFH)

The Canadian holding company is known to primarily delve in the insurance/reinsurance space, while it also engages in investment management and underwriting related service.

Headquartered in Toronto, Ontario, the financial player reported net earnings of US$ 462.4 million in Q3 2021, as compared to that of US$ 133.7 million in Q3 2020.

Fairfax Financial Holdings Limited noted a market cap of about C$ 16 billion on January 31.

18. Open Text Corp (TSX: OTEX)

The Canadian tech player saw its GAAP-based net income surge by 27.6 per cent YoY to US$ 131.9 million in its the first fiscal quarter ending September 30, 2021.

Open Text posted a market capitalization of about C$ 16 billion as on January 31.

19. Metro Inc (TSX: MRU)

Also one of the top grocery retailers in Canada, Metro Inc posted a profit of C$ 207.7 million, up 8.6 per cent YoY, in Q1 FY2022.

The Montreal-based retail enterprise closed trading at a market cap of about C$ 16 billion on January 31.

20. Emera Incorporated (TSX:EMA)

The utility company, which focusses on generating and distributing electricity, is set to distribute a dividend of C$ 0.662 apiece on February 2.

Emera, as on January 31, had a market cap of about C$ 15 billion.

21. Tourmaline Oil Corp (TSX:TOU)

The Canada-based oil and gas company recently expanded its quarterly dividend by 11 per cent to C$ 0.2 apiece.

Tourmaline reported a free cash flow of C$ 369.5 million in Q3 FY2021.

Its market cap was about C$ 15 billion on January 31.

22. Agnico Eagle Mines Ltd (TSX: AEM)

The Canadian gold company doles out a dividend, presently on a quarterly basis, of U$ 0.35 per share.

It holds a P/E ratio of 18.5, while its EPS is C$ 3.28.

Agnico Eagle Mines’ market cap stood at about C$ 14 billion on January 31.

23. GFL Environmental Inc (TSX: GFL)

The Ontarian company delves in the environment-oriented services of waste management, recycling, soil remediation, etc.

GFL Environmental currently distributes a dividend of US$ 0.011 apiece.

Its market cap was about C$ 13 billion on January 31.

Also read: 5 best TSX value stocks to buy in 2022 

24. Molson Coors Canada Inc (TSX: TPX.A)

The Canadian firm focuses on brewing and distributing of beer and other such malt drinks.

It pays a dividend of C$ 0.42 apiece on a quarterly basis.

Molson Coors noted a market cap of about C$ 14 billion on January 31.

Bottomline

While stock markets can be a beneficial space when it comes to earning passive income, investors should ideally keep a constant tab on its happenings as they have a steady exposure to volatility.