As a Canadian, it’s very important to realize how small our economy is. While it is a good economy, it is a small one and it is mostly focused on financial and energy stocks. It is acceptable to be proud of it but as an investor, you want to be objective and realize that you need exposure to other economies. You may chose to do it through indexes but personally I do it buy buying US companies. One key factor to buy US companies is that you need US dollars. The current currency exchange rate may seem prohibitive but that doesn’t have to be the case.
Related: Currency Exchange with DLR and DLR.U ETF
There was a time when the Canadian dollars was at parity and it was a good time to just buy US companies. With the currency exchange, there is a value blocker that all Canadian investors need to get over. Aside from exchanging currencies using your favorite method, you can start earning US dividends by holding Canadian stocks on a US exchange. There are many large public corporations in Canada that also trades on the New York Stock Exchange (NYSE) allowing you to earn US dividends. The dividend is also eligible as Canadian dividends since it is distributed by a Canadian company. The shares can be moved between the TSX and the NYSE through a process called journalling so you can buy them in Canadian dollars, move the shares over to the NYSE and then earn US dividends.
Related: Benefits of Cross Listed Stocks
44 Canadian Dividend Stocks On NYSE
Building a cash flow in US dollars isn’t out of your reach and you can do it with your Canadian dollars. This list of 44 companies below comes from my tracking list. There might be others, but I consider those the companies worth paying attention to. As you can see, there are many options to earn US dividends and put it to work towards a US investment.
If you have not, check out my latest dividend income report to see how my I earn in US dividend and don’t forget that it start with small steps.
Ticker
US Ticker
Company
Quote
Score
Market Cap
Annual Dividend
Yield
RY.TO
RY
Royal Bank
$76.39
81.78%
110.20
$3.08
4.03%
TD.TO
TD
TD Bank
$54.18
77.19%
100.19
$2.04
3.77%
BNS.TO
BNS
Scotia Bank
$63.46
88.70%
76.79
$2.64
4.16%
CNR.TO
CNI
Canadian National Railway
$85.9
59.40%
69.32
$1.25
1.46%
ENB.TO
ENB
Enbridge
$60.9
38.61%
51.88
$1.86
3.05%
SU.TO
SU
Suncor
$35.45
72.63%
51.20
$1.12
3.16%
BMO.TO
BMO
Bank of Montreal
$76.34
78.88%
49.39
$3.20
4.19%
BCE.TO
BCE
BCE
$52.99
56.65%
44.54
$2.60
4.91%
BAM.A
BAM
Brookfield Asset Management
$68.71
51.72%
43.81
$0.72
1.05%
MFC.TO
MFC
Manulife
$21.9
68.39%
43.14
$0.62
2.83%
IMO.TO
IMO
Imperial Oil
$48.35
71.82%
40.98
$0.52
1.08%
TRI.TO
TRI
Thompson Reuters
$51.27
50.74%
40.70
$1.68
3.28%
CNQ.TO
CNQ
Canadian Natural Resources
$37.21
85.11%
40.64
$0.88
2.36%
CP.TO
CP
Canadian Pacific Railway
$237.76
42.00%
39.35
$1.40
0.59%
TRP.TO
TRP
Transcanada Pipelines
$55.52
44.67%
39.34
$1.92
3.46%
CM.TO
CM
CIBC
$93.2
75.63%
37.02
$4.24
4.55%
POT.TO
POT
Potash Corp
$40.7
62.05%
33.80
$1.92
4.72%
MG.TO
MGA
Magna International Inc
$133.48
57.50%
27.39
$1.52
1.14%
T.TO
TU
Telus
$42.08
69.83%
25.63
$1.60
3.80%
SLF.TO
SLF
Sun Life Financial
$40.88
67.68%
25.06
$1.44
3.52%
RCI.B
RCI
Rogers
$44.06
63.01%
22.89
$1.92
4.36%
G.TO
GG
Goldcorp
$24.3
34.35%
20.01
$0.72
2.96%
CVE.TO
CVE
Cenovus Energy
$21.04
59.17%
17.35
$1.06
5.06%
ABX.TO
ABX
Barrick Gold
$14.02
32.13%
16.53
$0.24
1.71%
SJR.B
SJR
Shaw Communications
$28.59
75.04%
13.53
$1.10
3.85%
PPL.TO
PBA
Pembina Pipeline
$40.71
48.54%
13.53
$1.74
4.27%
CPG.TO
CPG
Crescent Point Energy
$28.77
34.49%
13.09
$2.76
9.59%
ECA.TO
ECA
Encana
$13.87
84.61%
11.61
$0.32
2.31%
TCK.B
TCK
Teck Resources
$18.88
47.97%
11.04
$0.90
4.77%
FNV.TO
FNV
Franco-Nevada Corp
$64.31
20.81%
10.16
$1.00
1.55%
QSR.TO
QSR
Restaurants Brands International
$48.84
15.39%
9.99
$0.36
0.74%
TLM.TO
TLM
Talisman Energy
$9.55
24.32%
9.90
$0.32
3.35%
BIP.UN
BIP
Brookfield Infrastructure Partners
$56.97
16.26%
8.41
$1.92
3.37%
BPY.UN
BPY
Brookfield Office Properties
$30.05
#DIV/0!
7.82
$1.00
3.33%
CCO.TO
CCJ
Cameco Corp.
$18.62
49.39%
7.37
$1.00
5.37%
MX.TO
MEOH
Methanex Corp
$65.48
71.86%
6.09
$1.26
1.92%
VET.TO
VET
Vermillion Energy
$53.84
55.97%
5.76
$2.64
4.90%
CAE.TO
CAE
CAE Inc
$15.13
58.87%
3.99
$0.28
1.85%
RBA.TO
RBA
Ritchie Bros Auctioneers Inc
$32.1
40.51%
3.50
$0.71
2.21%
TA.TO
TAC
TransAlta
$11.77
25.41%
3.26
$0.72
6.12%
PAA.TO
PAAS
Pan American Silver Corp
$11.93
46.39%
1.83
$0.64
5.36%
BOX.UN
BOXC
Brookfield Office Properties Canada
$29.63
32.94%
0.78
$1.20
4.05%
PBH.TO
PBH
Premium Brands Holding Corp
$27.15
23.58%
0.62
$1.24
4.57%
WIN.TO
WILN
Wi LAN Inc
$3.14
32.94%
0.38
$0.20
6.37%
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