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  5. MG: I hold this in my TFSA currently at a loss. [Magna International Inc.]
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Q: I hold this in my TFSA currently at a loss. Years ago when i purchased it was for the div but now I am looking at a more growth type strategy for the account. What is the likelyhood Magna moves up over the coming months? I fear these tariffs will delay upward movement. I also find it hard to swallow the loss in the TFSA but still looking at all options. My growth in that account are Google, Nvidia, AMD, Amazon
Asked by Kolbi on July 30, 2025
5i Research Answer:

MG has bounced off of its April lows, and remains very cheap at 8X earnings. Tariffs are still a concern. While we think the stock is in the process of bottoming, and next year should be much better, we would not consider it that great for overall growth. It is a highly cyclical company. We consider it a HOLD but for a TFSA we think we would prefer something more 'growthy', such as BN, TRI, PNG.