Michael Sprung's Top Picks: August 18, 2022 - BNN Bloomberg

TopPicks from Michael Sprung, president, Sprung Investment Management

Michael Sprung, president of Sprung Investment Management, discusses his top picks: BCE Inc., TC Energy, and CAE Inc.BCE is Canada's largest communications and media company with operations in both wireless and wireline communications as well as Bell Media. BCE owns 37.5 per cent of MLSE. Ongoing capital expenditures have already increased fiber penetration and will continue to do so through 2025.

TRP supplies over 25 per cent of the natural gas consumed in North America. TC Energy recently completed a $1.8 billion issue that further strengthens the balance sheet to finance future growth projects such as the US$4.5 billion Southeast Gateway Pipeline in Mexico. At current prices, the stock yields an attractive 5.5 per cent with a solid history of annual dividend increases.

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