Newfoundland Stocks You Can Buy

Are you a fan of Newfoundland and looking for some stock market choices with ties to the province? We are interested in Newfoundland stocks too!

We’ve collected a list of publicly traded companies which either are headquartered in Newfoundland, or have a connection here either by way of employment or selling of goods or services. Some may be closer ties, while others may be somewhat insignificant. We’ll include details with each.

This article is for entertainment purposes only. It does not constitute financial advice. Mentions are not endorsements or recommendations.

 

Food

Whether you’re eating in or dining out, get your fill of these food stocks with Newfoundland connections.

Maple Leaf Foods Inc. (TSX:MFI.TO)

Widely known in Newfoundland for their bologna (aka Newfoundland Steak), Vienna sausages, hot dogs, and more. Maple Leaf Foods is a no-brainer for inclusion on this list. Headquartered in Ontario, Newfoundlanders are big consumers of the Maple Leaf brand.

PepsiCo, Inc. (NasdaqGS:PEP)

A large portion of Newfoundlanders are loyal to Pepsi, perhaps because it’s distributed by Browning Harvey Limited, the only soft-drink distributor in the province since Coca-Cola packed up and left. Pepsi isn’t the only beverage they produce, of course. Pepsi also has the rights to Crush in Canada, and Newfoundland even has some of its very own Crush soda flavors.

Restaurant Brands International (TSX:QSR.TO)

Like most Canadians, many Newfoundlanders enjoy their Tim Horton’s coffee and have for many years. Tim Horton’s is now owned by Restaurant Brands International, which is the fifth-largest operator of fast food restaurants in the world. They also own Burger King.

Recipe Unlimited (TSX:RECP.TO)

Formerly known as Cara Operations, Recipe Unlimited operates a number of restaurant chains with a presence in Newfoundland. These include Swiss Chalet, Kelseys, Montana’s, East Side Mario’s, New York Fries, and The Keg.

 

Retail

Being stuck on an island, often with inclement weather and lack of things to do, many Newfoundlanders enjoy a little retail therapy. Whether it’s shopping for fun or for necessities, here are some retail brands with a strong Newfoundland presence.

Empire Company Limited (TSX:EMP-A.TO)

Based in Stellarton, Nova Scotia, Empire Company owns Sobeys Inc which in turn owns Sobeys grocery stores. Other assets include Foodland, Price Chopper, Needs, Lawtons, TRA Atlantic, the Compliments brand, and Big 8 beverages.

Costco Wholesale Corporation (NasdaqGS:COST)

If you don’t have a Costco membership, you know somebody who does. Newfoundlanders come from far and near to stock up in bulk at Costco, which recently moved to its new home in Dannyland.

Dollarama Inc. (TSX:DOL.TO)

With 20 stores across the island of Newfoundland, Dollarama has certainly become the dominant bargain store in the province. They’re headquartered in Montreal and operate about 1200 stores across Canada.

Canadian Tire (TSX:CTC-A.TO)

Newfoundlanders spend a lot of time outdoors. Whether it’s voluntary outdoor activities like camping, cabins, fishing, and skiing, or less-voluntary such as lawn mowing, raking, and snow-blowing.

Canadian Tire has locations across Newfoundland and have always been there when we needed something, be it a new hockey stick or a new lawn mower. We like that Canadian Tire carries many of those “I need it right now and can’t wait for shipping” items.

Alimentation Couche-Tard Inc. (TSX:ATD-A.TO)

This company operates convenience stores and gas stations across Canada under various names, known mostly in Newfoundland as Circle K. You don’t have to travel far here to find one.

 

Media

The majority of Newfoundland’s media companies are privately owned, though a single large company is responsible for a large portion of that sector.

Stingray Group Inc. (TSX:RAY-A.TO)

Stingray Group Inc is a global company, headquartered in Montreal. They do business in music, media, and technology. In Newfoundland, Stingray owns radio stations across the island such as K-Rock, VOCM, and Kixx Country. You may also have access to Stingray’s commercial-free music channels from your TV provider.

 

Tourism & Travel

Tourism plays a large role in Newfoundland’s economy. As well, being an island means that you can only come and go by plane or boat. Most tourism operators are local businesses, though some chains like hotels and car rentals are relevant.

Air Canada (TSX:AC.TO)

Unless you’ve never left the island, or just have a severe fear of flying, you’ve probably flown Air Canada. They come and go from St. John’s International Airport on a regular basis, and usually have some partners serving other local airports.

Avis Budget Group, Inc. (NasdaqGS:CAR)

Newfoundland is a vast area, and lots of tourists need to rent a car to experience it. There are a number of car rental agencies located at St. John’s airport, but they’re not all publicly traded companies.

InterContinental Hotels Group (NYSE:IHG) & Hilton Worldwide Holdings Inc. (NYSE:HLT)

In addition to the countless local hotels and B&Bs, there are many chain hotels on the island as well. It’d be nearly impossible to list every single one, but we’ve selected two notable ones. InterContinental is responsible for Holiday Inn brands, and Hilton offers a number of locations in Newfoundland such as Hilton Garden Inn, DoubleTree, and Hampton Inn.

 

Utilities

From electricity to internet, somebody’s waiting to overcharge you. Might as well be on the receiving end of their profits if you can.

Fortis Inc. (TSX:FTS.TO)

Fortis is an electric and gas utility company operating in Canada, the United States, and Caribbean countries. They’re actually headquartered in St. John’s, which is pretty cool. They own Newfoundland Power, the distributor of electricity to much of the island of Newfoundland. Maybe the most Newfoundland of the Newfoundland stocks.

BCE Inc. (TSX:BCE.TO)

BCE Inc., more commonly known as Bell, is a Canadian telecommunications provider. They are the full owner of BellAliant, selling TV, home phone, and internet services here in Newfoundland. Their satellite TV and mobile phone offerings are here as well.

Rogers Communications Inc. (TSX:RCI-A.TO)

Like Bell, Rogers is a Canadian telecommunications company offering TV, internet, home and mobile phone services to much of Newfoundland.

Intact Financial Corporation (TSX:IFC.TO)

Intact Financial Corporation provides insurance products to individuals and businesses in Canada and the U.S. through its subsidiaries. Notably Anthony Insurance in Newfoundland.

 

Booze & Drugs

It’s no secret that Newfoundland loves drinking, and with the legalization of marijuana, even that’s on the stock market now.

Anheuser-Busch InBev (NYSE:BUD)

Available only on the New York Stock Exchange, AB InBev does have ties to Newfoundland. AB InBev is the parent company of Labatt Brewing Company, which has a long history in Newfoundland. They brew Labatt’s major brands like Budweiser, and even some Newfoundland-only beers such as Blue Star at their brewery in St. John’s.

Molson Coors Canada Inc. (TSX:TPX-A.TO)

The second of 2 major breweries with a presence in Newfoundland, Molson Coors brands such as Coors Light are made right here. They also make local favourites such as Black Horse.

Canopy Growth Corporation (TSX:WEED.TO)

Smoke ’em if you got ’em. Canopy Growth is one of the larger players in the Canadian marijuana space, and you’ll find their Tweed stores in various locations across Newfoundland.

 

Oil & Mining

Historically, oil has made up a large part of Newfoundland’s economy, both directly and indirectly. We’ve had a love-hate relationship with various energy companies over the years as the sector can be unpredictable, bringing us good times and bad.

Suncor Energy Inc. (TSX:SU.TO)

Suncor operates a variety of segments including oil sands, exploration and production, refining, and more. The exploration and production business is based in St. John’s. They’ve got 300 employees on the East Coast, and operate the Terra Nova oil field located on the Grand Banks. That one can employ over 1,200 people when both drilling and production are happening. Suncor is also a partner in the Hebron Project.

Altius Minerals Corporation (TSX:ALS.TO)

Altius Minerals operates in Canada and Brazil. They own royalty and streaming interests in various mines including copper, zinc, nickel, cobalt, iron ore, precious metals, and more. Their headquarters are located in St. John’s. Notable royalty interests in the province are Voisey’s Bay, Kami, and IOC.

Husky Energy Inc. (TSX:HSE.TO)

Responsible for the largest oil spill in Newfoundland’s history, layoffs, and a rejection from the Newfoundland government to buy-in and help save their $2.2-billion West White Rose offshore oil project. Husky is clearly no stranger to making headlines. Headquartered in Calgary, they’ve employed many Newfoundlanders over the years.

Vale S.A. (NYSE:VALE)

Headquartered in Rio de Janeiro, Brazil, Vale runs the Voisey’s Bay nickel mine and the processing plant in Long Harbour. This is the same Voisey’s Bay as mentioned above under Altius Minerals. Altius collects a royalty, while Vale is the mine operator. In October 2020 it was reported that Vale was in talks with Tesla about the purchase of Canadian nickel for their electric vehicles.

ExxonMobil Corporation (NYSE:XOM)

Another giant oil company, Exxon is also a partner in the Hebron project. First oil was extracted in 2017 after a construction process which largely took place in Bull Arm, Newfoundland. The oil field itself is also located in Newfoundland’s offshore. Esso-branded gas stations in Canada are supplied by Imperial Oil, which is majority owned by ExxonMobil.

 

Real Estate

From apartment buildings to office space, a number of Real Estate Investment Trusts (REITs) have properties in Newfoundland. We’ll highlight some of the most notable. REITs make it possible for you to get real estate exposure in your portfolio, without having to be directly involved in buying property or collecting rent.

Crombie REIT (TSX:CRR-UN.TO)

Crombie owns, operates and develops grocery and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments across Canada in urban and suburban markets. Notable properties in Newfoundland include the Avalon Mall, Random Square Clarenville, Hamlyn Road Plaza, Topsail Road Plaza, Woodgate Plaza, Deer Lake Foodland Plaza, and more.

Plaza Retail REIT (TSX:PLZ-UN.TO)

Although it owns The Village Shopping Center, which locals know has had issues with occupancy rates for years, The Village still remains open. Either way, Plaza Retail REIT has lots more to offer. They’re focused on Ontario, Quebec, and Atlantic Canada, with about 272 properties. These largely consist of open-air centres and small box retail outlets. Other Newfoundland properties include Kenmount Road Plaza, The Shoppes at Galway, Bay Roberts Plaza, Powell Drive Plaza Carbonear, Ville Marie Drive Plaza Marystown, and 35 Confederation Drive Corner Brook.

SmartCentres REIT (TSX:SRU-UN.TO)

SmartCentres owns 34.2 million square feet of retail space across Canada, and is also expanding into residential. In Newfoundland, notable properties are the Walmart-anchored areas of Kelsey Drive, Stavanger Drive, Merchant Drive Mount Pearl, and Corner Brook.

Killam Apartment REIT (TSX:KMP-UN.TO)

On the residential side of things is Killam Apartment REIT. Killam has scooped up a fair number of residential buildings here over the years, and owns a $3.5 billion real estate portfolio. It spans Atlantic Canada, Ontario, Alberta, and British Columbia. They have 2 properties in Grand Falls-Windsor, and a dozen in the St. John’s area including Torbay Road Apartments, Freshwater Road Apartments, Blackshire Court, and Cornwall Manor.

Northview Apartment REIT (TSX:NVU-UN.TO)

Northview has a portfolio of 27,000 residential units and 1.2 million square feet of commercial space in more than 60 markets across Canada. Newfoundland properties include Highland Park, Valleyview Apartments, Pleasantville Apartments, Pasadena Place, and Regency Towers. Northview has a couple of commercial properties here, too: 145 Kelsey Drive (Sun Life Building) and 1 Austin Street. They owned the HomePort Apartment Hotel which was announced in October 2020 that it would be closing down. Northview also owns apartment buildings in that same location.

 

Long May Your Stocks Grow In Value

There you have it! Some interesting Newfoundland stocks to research.

Remember, this article is for entertainment purposes only. It does not constitute financial advice. Mentions are not endorsements or recommendations.

If you’re interested in investing, talk to your bank, stock broker, or someone you trust.

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