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TSX Stocks That Could Be Worth $50K in 5 Years

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The S&P/TSX Composite Index was still in the middle of its recovery back in April. At the time, I’d suggested that investors should target stocks that could put together a great performance over the course of a decade. I’d pointed to equities like Kirkland Lake Gold, which had achieved a 10-year total return of over 6,500% in the 2010s. Today, I want to look at three TSX stocks that have the potential to churn out huge capital growth for Canadians.

This TSX stock has surged during the COVID-19 pandemic

In this hypothetical, we will be playing with $5,000 to invest in three separate stocks. The first stock I want to look at has performed extremely well during the COVID-19 crisis. VieMed Healthcare (TSX:VMD)(NASDAQ:VMD) provides in-home durable medical equipment and healthcare solutions to its client base.

It has focused on in-home ventilators to aid patients with chronic respiratory illnesses. COVID-19 has proven to be a dangerous and highly contagious virus that can wreak havoc on the respiratory system. Because of this, VieMed’s products have seen increased demand.

This TSX stock sank to a 52-week low of $3.36 during the market crash in the middle of March. A $1,500 investment in VieMed would be worth nearly $6,000 as of close on August 12. VieMed’s products and services were already on a promising trajectory before the COVID-19 outbreak. This is a TSX stock that can make fortunes over the next decade.

One healthcare stock that has soared in 2020

WELL Health Technologies (TSX:WELL) owns and operates a portfolio of primary healthcare facilities. Investors should look to target TSX stocks in the healthcare space. This sector was already primed for big growth over the course of this decade. The COVID-19 pandemic has only intensified investor interest.

Shares of WELL Health have climbed 183% in 2020 as of close on August 12. Telehealth services, which involve over-the-phone consultations with physicians and other healthcare professionals, have erupted during the COVID-19 pandemic. WELL achieved record quarterly patient services revenue in Q2 2020 on the back of growth in Telehealth. Its Telehealth visits grew 730% to more than 124,800 visits in the second quarter.

This TSX stock fell to a 52-week low of $1.13 during the market crash in the late winter. An $1,800 investment in WELL Health at this low would be worth just over $7,000 at the time of this writing. Already, our hypothetical $3,300 investment has churned out nearly $10,000 in total returns in less than half a year.

The TSX stock that has burst onto the scene

Andlauer Healthcare (TSX:AND) made its debut on the TSX index in December 2019. This supply chain management company provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada. Its stock has climbed 86% so far this year.

In Q2 2020, the company reported EBITDA growth of 1.2% to $18 million. Its year-to-date performance has outpaced the previous year, even in the face of the COVID-19 pandemic. Andlauer’s 52-week low still stands at its starting market price of $18 per share. A $1,700 investment in this TSX stock at this price point would be worth over $3,500 as of close on August 12.

Bottom line

To conclude, a $5,000 investment spread across these three stocks at their 52-week low would have netted investors over $11,500 in profit in a few short months.

While we are searching for top TSX stocks to snag…

This Tiny TSX Stock Could Be the Next Shopify

One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting…
Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago – before it skyrocketed by 1,211%!
Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!

Source:- The Motley Fool Canada

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B.C.’s top doctor hints at gradual easing of COVID-19 restrictions in coming weeks – Global News

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B.C.’s top doctor says the province may be easing COVID-19 restrictions in the weeks ahead, but that some measures designed to curb the spread of the coronavirus will be around for some time.

In a press briefing held Monday, provincial health officer Dr. Bonnie Henry said as more people are immunized and the weather gets warmer, her team is looking at how to “safely ease restrictions” designed to curb the spread of the coronavirus.

Henry said any changes to COVID-19 rules would be gradual, akin to “slowly turning up the dial rather than flipping a switch.”


Click to play video 'Seniors over 80 can book vaccines in some B.C. communities this week'



3:30
Seniors over 80 can book vaccines in some B.C. communities this week


Seniors over 80 can book vaccines in some B.C. communities this week

“We’re not going to rush to get things open, but we will take a thoughtful, careful and phased approach over the next few weeks,” Henry said.

Story continues below advertisement

Henry noted measures such as social distancing, and wearing masks will remain important. She also reiterated that “outside is better than inside” as the virus is less transmissible outdoors.

Read more:
B.C. reports 1,462 new COVID-19 cases over three days, 11 deaths

Henry raised the prospect of a return to “activities outside that we can do in groups with precautions in place, small groups that we can do for games and summer camps or spring camps, and safe, small groups with masks and safety precautions in place.”


Click to play video 'Outreach efforts look to overcome language and cultural barriers as B.C. begins mass vaccinations'



1:58
Outreach efforts look to overcome language and cultural barriers as B.C. begins mass vaccinations


Outreach efforts look to overcome language and cultural barriers as B.C. begins mass vaccinations

“As well, we’ll be looking at how we can travel and explore during March break, as a family or a small group together with our household, exploring our own region.”

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]

She also said there have been discussions with community faith leaders about a gradual return to in-person services.

Story continues below advertisement

Read more:
No masks, no distancing: U.S. CDC says fully vaccinated people can gather indoors

The US CDC released guidelines that said fully-vaccinated Americans can gather with other vaccinated people indoors without wearing a mask or social distancing.

Henry said the CDC guidelines looked “fairly reasonable” and something similar could be implemented in B.C. at some point in the future.

Read more:
No masks, no distancing: U.S. CDC says fully vaccinated people can gather indoors

“Right now, we’re not at that point where we have enough of the people who are at risk immunized that we can have overall guidance,” she said.

“But I think that’s a very good example of what we can look forward to as more people are protected, particularly more of our seniors and elders, in the coming months.”

Health Minister Adrian Dix urged caution, noting that about 15 per cent of B.C.’s eligible residents are expected to be immunized by the end of the month, which is “nothing like herd immunity.”

Read more:
Alberta opens rest of Step 2 relaunch as 278 new COVID-19 cases confirmed

“The future is bright, but we can’t live the future right now. We’ve got to live the now right now.”

Story continues below advertisement

On Monday, Alberta lifted more COVID-19 public health restrictions, including allowing more people to shop in retail stores and malls.

— With files from The Associated Press and The Canadian Press

© 2021 Global News, a division of Corus Entertainment Inc.

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B.C.’s top doctor hints at gradual easing of COVID-19 restrictions in coming weeks – Global News

Published

 on


B.C.’s top doctor says the province may be easing COVID-19 restrictions in the weeks ahead, but that some measures designed to curb the spread of the coronavirus will be around for some time.

In a press briefing held Monday, provincial health officer Dr. Bonnie Henry said as more people are immunized and the weather gets warmer, her team is looking at how to “safely ease restrictions” designed to curb the spread of the coronavirus.

Henry said any changes to COVID-19 rules would be gradual, akin to “slowly turning up the dial rather than flipping a switch.”


Click to play video 'Seniors over 80 can book vaccines in some B.C. communities this week'



3:30
Seniors over 80 can book vaccines in some B.C. communities this week


Seniors over 80 can book vaccines in some B.C. communities this week

“We’re not going to rush to get things open, but we will take a thoughtful, careful and phased approach over the next few weeks,” Henry said.

Story continues below advertisement

Henry noted measures such as social distancing, and wearing masks will remain important. She also reiterated that “outside is better than inside” as the virus is less transmissible outdoors.

Read more:
B.C. reports 1,462 new COVID-19 cases over three days, 11 deaths

Henry raised the prospect of a return to “activities outside that we can do in groups with precautions in place, small groups that we can do for games and summer camps or spring camps, and safe, small groups with masks and safety precautions in place.”


Click to play video 'Outreach efforts look to overcome language and cultural barriers as B.C. begins mass vaccinations'



1:58
Outreach efforts look to overcome language and cultural barriers as B.C. begins mass vaccinations


Outreach efforts look to overcome language and cultural barriers as B.C. begins mass vaccinations

“As well, we’ll be looking at how we can travel and explore during March break, as a family or a small group together with our household, exploring our own region.”

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]

She also said there have been discussions with community faith leaders about a gradual return to in-person services.

Story continues below advertisement

Read more:
No masks, no distancing: U.S. CDC says fully vaccinated people can gather indoors

The US CDC released guidelines that said fully-vaccinated Americans can gather with other vaccinated people indoors without wearing a mask or social distancing.

Henry said the CDC guidelines looked “fairly reasonable” and something similar could be implemented in B.C. at some point in the future.

Read more:
No masks, no distancing: U.S. CDC says fully vaccinated people can gather indoors

“Right now, we’re not at that point where we have enough of the people who are at risk immunized that we can have overall guidance,” she said.

“But I think that’s a very good example of what we can look forward to as more people are protected, particularly more of our seniors and elders, in the coming months.”

Health Minister Adrian Dix urged caution, noting that about 15 per cent of B.C.’s eligible residents are expected to be immunized by the end of the month, which is “nothing like herd immunity.”

Read more:
Alberta opens rest of Step 2 relaunch as 278 new COVID-19 cases confirmed

“The future is bright, but we can’t live the future right now. We’ve got to live the now right now.”

Story continues below advertisement

On Monday, Alberta lifted more COVID-19 public health restrictions, including allowing more people to shop in retail stores and malls.

— With files from The Associated Press and The Canadian Press

© 2021 Global News, a division of Corus Entertainment Inc.

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Could you lie and jump the line for a COVID-19 vaccine? Critics worry Ontario's system is open to abuse – Brampton Guardian

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BramptonGuardian.com

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