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2 TSX Stocks That Can TRIPLE in a Year – The Motley Fool Canada

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The S&P/TSX Composite Index rose 39 points on December 3. Canadian stocks have gained considerable momentum in the late fall after stuttering a little to start this season. Moreover, investors have reason to celebrate, as vaccines are coming down the pipe in early 2021. With luck, we will see a return to normalcy. Today, I want to look at two TSX stocks that can still offer explosive growth in the near term. Let’s dive in.

Why I’m still bullish on this TSX stock

Casinos and hotels across North America took a massive hit due to the COVID-19 pandemic. Great Canadian Gaming (TSX:GC) is a Richmond-based company that operates gaming and entertainment facilities across the country. Back in the summer, I’d suggested that investors should be ready to jump on this TSX stock. Its shares have climbed 40% over the past three months as of close on December 3.

The stock surged on news that the private equity firm Apollo Global Management offered $3.3 billion for the casino firm. However, this has received pushback from shareholders.

Great Canadian Gaming released its third-quarter 2020 results on November 10. Predictably, the suspension of operations for most of the third quarter resulted in a major pullback in revenues, profit, and EBITDA. However, the company reiterated that it was moving forward with its GTA capital-development programs.

This TSX stock is still positioned for big things once this subsector gets back into operation. Prime Minister Justin Trudeau has said that most Canadians will be vaccinated by September 2021. That is good news for the casino industry, even if it must deal wit headwinds in the next few months.

This technology stock erupted over the past week

Earlier this week, I’d discussed the surge for BlackBerry (TSX:BB)(NYSE:BB). The TSX stock soared on news of a collaboration with Amazon that will forward BlackBerry’s automotive software reach. Its shares have climbed 24% week over week as of close on December 3.

Investors can expect to see BlackBerry’s third-quarter fiscal 2021 results on December 17. BlackBerry has been inconsistent for investors looking for an explosive technology stock. However, this collaboration with Amazon has huge potential. The cloud software, called IVY, will allow automakers to read vehicle sensor data and improve systems and performance. BlackBerry’s automotive software QNX is already used in 75 million vehicles around the world.

Its promising footprint in automotive software isn’t the only reason to snag this TSX stock. The company has also made huge strides in cybersecurity. Its $1.4 billion acquisition of Cylance added a dynamic presence to its cyber security stable. The company should continue to boost BlackBerry’s artificial intelligence and IoT capabilities. This is great news for investors.

Shares of BlackBerry last had a solid price-to-book value of 2.1. A better-than-expected Q3 FY2021 could push the TSX stock to have an even more impressive December. I’m targeting BlackBerry in late 2020 and early 2021.

On the topic of Amazon and AI stocks…

This TSX Stock Could Hold The Key to What 1 CEO Says Is Worth 35 Amazons

WHAT in the world could be worth “35 Amazons”? The answer is a radical breakthrough that Wired says is “the rocket fuel of the AI boom.”

We encourage you to act quickly if you want to get in on this opportunity, because the story of the coming boom is already starting to leak out and this trend looks ready to take off.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Fool contributor Ambrose O’Callaghan has no position in any of the stocks mentioned. David Gardner owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends BlackBerry and BlackBerry and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon.

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Key COVID-19 numbers in the Ottawa area today – CBC.ca

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  • Ottawa is reporting 136 new cases of COVID-19 on Saturday.
  • Western Quebec has confirmed 43 new infections today.

Today’s Ottawa update

Ottawa Public Health (OPH) recorded 136 new cases of COVID-19 on Saturday. OPH also declared 111 more cases resolved and reported no new deaths.

The infection rate in Ottawa has risen to record levels since around Christmas, prompting OPH to declare the city is once again in a COVID-19 crisis.

The current lockdown in eastern Ontario went into effect Dec. 26, and is now scheduled to last until Feb. 11.

A provincial stay-at-home order is also in effect. 

Numbers to watch

88.9: The number of new COVID-19 cases per 100,000 Ottawa residents, down from Friday.

1.01: The average number of people infected by a single COVID-19 case, or R(t), has been in gradual decline this month but remains unchanged since Friday. OPH aims to keep the number below one.

4.1%: Ottawa’s average test positivity percentage, down from 4.5 per cent.

Across the region

Health authorities in western Quebec are reporting 43 new cases of COVID-19 but no more deaths.

Quebec’s lockdown lasts until Feb. 8. It includes an 8 p.m. curfew that went into effect last weekend.

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Ontario reports 3056 new COVID-19 infections, 51 more deaths – CP24 Toronto's Breaking News

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Ontario is reporting more than 3,000 new COVID-19 cases and a slight decrease in hospitalizations on Saturday.

The province logged 3,056 new infections and 51 additional deaths.

Twenty-five of the latest fatalities were among long-term care home residents, according to the Ministry of Health’s latest epidemiological summary.

To date, 3,162 long-term care residents have died from the disease caused by the novel coronavirus, representing 59 per cent of all virus-related deaths in the province. A total of 5,340 people have died from the virus in Ontario.

Provincial health officials said 3,212 more people have recovered from the virus on Saturday, bringing the number of active cases to 28,618.

Ontario recorded 2,998 new cases on Friday, 3,326 on Thursday and 2,961 on Wednesday.

A record 3,945 new cases were recorded on Jan. 10.

The seven-day rolling average now stands at 3,218, compared to 3,341 a week ago. Last week’s average does not include the approximately 450 additional cases that were reported by Toronto Public Health on Jan. 8 due to a data backlog.

In the past 24 hours, the province processed more than 73,800 tests, down from the record 76,472 tests conducted a day ago.

The testing positivity rate now stands at 4.9 per cent, up from 4.6 per cent a day ago, according to the Ministry of Health. The positivity rate was 5.3 per cent a week ago.

Most of the cases continue to be throughout the Greater Toronto Area.

“Locally, there are 903 new cases in Toronto, 639 in Peel, 283 in York Region, 162 in Durham and 152 in Ottawa,” Health Minister Christine Elliott tweeted.

Toronto, Peel Region and York Region saw a decrease in new cases compared to a day ago, while Durham and Ottawa saw an increase.

Halton Region logged 61 new infections, down 20 from Friday, and Hamilton reported 53 new cases, a notable decrease from 138 cases logged a day ago.

Only three of Ontario’s 34 public health units reported zero new cases on Saturday, and 16 logged 10 or less new infections.

Patients hospitalized with the virus decreased slightly on Saturday as the province’s health care system remains overwhelmed with COVID-19 cases.

According to the government, 1,632 were hospitalized with the virus in the past 24 hours, down from 1,647 a day ago. On Tuesday, 1,701 people were in hospitals across the province with the virus but hospitalizations have been decreasing slightly ever since.

Of the latest hospitalizations, 397 are in intensive care units, up from 387 on Friday, and 281 are breathing with the help of a ventilator.

There have been more than 234,300 cases of the novel coronavirus in the province since the virus emerged almost a year ago. More than 200,400 people have recovered from COVID-19.

More than 19,000 completed vaccinations

As of 8 p.m. on Saturday, the government has administered more than 189,000 doses of COVID-19 vaccines across the province.

In the past 24 hours, more than 14,400 doses were administered to Ontarians.

Since Dec. 14, more than 19,300 vaccinations have been completed across the province, as two doses of either the Pfizer-BioNTech or Moderna COVID-19 vaccines are required for full immunization.

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No change to Canada's Pfizer vaccine shipments as company restores European supply – Calgary Herald

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Article content continued

Alberta Health said the ministry would not be able to provide an update on the topic before Monday.

On Friday, Health Minister Tyler Shandro said he was “disappointed” in the delay, saying it meant the current phase of vaccinations in Alberta, which includes priority groups of health-care workers, would take longer to complete.

The start of the following phase, allowing seniors over 75 and Indigenous seniors over 65 to get the jab, will be consequently pushed back.

As well, Shandro said the province will be forced to delay some second doses of vaccination due to the news.

Pfizer shipments to Canada are expected to continue, but will contain fewer doses. There is no change to scheduled shipments of the Moderna vaccine.

Through end-of-day Friday, 81,561 Albertans have received their first dose of COVID-19 vaccine, an increase of 7,451 from the previous day. Among all provinces, Alberta ranks second for immunizations per capita, behind only Prince Edward Island.

The province is slated to administer at least 16,000 more jabs over the weekend, after Alberta Health Services said all previously advertised appointments had been booked.

Also Saturday, Alberta reported it had detected another 717 cases of the novel coronavirus.

The new infections came from 12,439 tests, a 5.8 per cent positivity rate, consistent with rates over the previous two days and below the seven-day average positivity rate of 6.2 per cent.

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