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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

BCE Inc. (BCE $33.64)
- $33.64 P/E (TTM): 72.78X Cap: $31.31B
- View BCE Profile
- View Questions on BCE
Enbridge Inc. (ENB $66.73)
- $66.73 P/E (TTM): 23.28X Cap: $144.57B
- View ENB Profile
- View Questions on ENB
- View Reports on ENB
Canadian Utilities Limited Class A Non-Voting Shares (CU $40.48)
- $40.48 P/E (TTM): 24.3X Cap: $10.87B
- View CU Profile
- View Questions on CU
WSP Global Inc. (WSP $280.21)
- $280.21 P/E (TTM): 45.76X Cap: $36.82B
- View WSP Profile
- View Questions on WSP
- View Reports on WSP

Q: My wife owns BCE, CU and ENB in her TFSA. She has a 10-20+ year timeframe.

Would you rate any of the three as a SELL or trim?

Can you suggest a replacement to BUY in the Industrial sector.

Can you explain the reasons for the BUY/SELL? Thank You.

Asked by Blake on October 02, 2025

5i Research Answer:

BCE, CU and ENB we would not rate as SELLs. They all provide decent, quality income at reasonable prices. BCE is still in 'recovery' mode after its dividend cut and we would favour the other two. CU and ENB (and BCE) should benefit from lower interest rates. The former two have decent dividend growth records and decent outlooks. BCE needs to cut costs but it has started this already. We would suggest WSP for its global exposure, large backlog, current valuation and solid long term execution.

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