1 Canadian Growth Stock That Could Make You Rich

Nikhil Kumar
·3 min read
Two hands holding champagne glasses toasting each other with Paris in the background

BCE (TSX:BCE)(NYSE:BCE) champions the customer experience through the company’s Bell services. Network leadership combined with innovation in service delivery has enabled the BCE team to further enhance the Bell customer experience. Recently, BCE continued to unveil a broad array of new support options, many accelerated by the unique challenges of COVID-19.

Appointment-based sales, customer self-installations

In 2020, BCE launched appointment-based sales, customer self-installation, and the company’s unique Move Valet service, while also making significant investments in digital sales and support platforms. Today, more than half of all Bell customer transactions are taking place online.

Significantly reduced customer service complaints

A strong indicator of the progress Bell is making in improving customer experience is the most recent annual report from Canada’s Commission for Complaints about Telecom-television Services (CCTS). For the fifth consecutive year, Bell led all major competitors in significantly reducing the number of customer service complaints to the CCTS.

Driving Canada’s communications leadership

Further, Bell is driving Canada’s communications leadership in a fast-changing world. With as many as 80% of Bell’s team members working from home during COVID-19, and those in the company’s stores and other workplaces adhering to strict safety protocols and government restrictions, it has not been business as usual.

Enhanced support services

In line with BCE’s COVID-19 operating principles, Bell provided the team with the tools necessary to adjust to changes. BCE also enhanced support services with dedicated mental health and wellness resources, increased psychological care benefits, and mobile access to the company’s Employee and Family Assistance Program, as well as online learning and collaboration resources.

Balanced economic growth

Bell’s environmental, social, and corporate governance (ESG) approach balances economic growth, social responsibility, and environmental performance. Consistently recognized as one of Canada’s top employers, Bell continues to adopt new best practices to empower the company’s team and ensure the company is as agile, efficient, and productive as possible, which includes making significant strides in promoting diversity and inclusion in the company’s workplaces and communities.

Unprecedented acceleration in capital spending

In addition, Bell is taking the company’s commitment to lead the way in Canadian communications further with an unprecedented acceleration in BCE’s capital spending of an additional $1 billion to $1.2 billion over the next two years to enhance the company’s fibre, rural and 5G network rollout plans.

A supplement to the approximately $4 billion in capital Bell typically invests in networks each year, the project is the largest in Bell’s history and will bring fast fibre coverage to up to 400,000 more homes and businesses than originally planned while also doubling the national population coverage of Bell 5G.

Focused on supporting Canada’s recovery

This investment plan is an excellent example of Bell’s focus on supporting Canada’s response to and recovery from COVID-19 as it also laid the groundwork for Canada’s long-range leadership in next-generation communications.

Overall, Bell is a Canadian company with a celebrated past and a bright future, and the shareholders who have invested in the company’s vision are likely to do very well. Bell looks all set to move forward with BCE’s goal to advance how Canadians connect with each other and the world.

The post 1 Canadian Growth Stock That Could Make You Rich appeared first on The Motley Fool Canada.

The Motley Fool’s First-Ever Cryptocurrency Buy Alert

For the first time ever, The Motley Fool has issued an official BUY alert on a cryptocurrency.

We’ve taken the exact same detailed analysis that we’ve used to find world-beating stocks like Amazon, Netflix, and Shopify to find what we believe will be the ONE cryptocurrency to rise above more than 4,000 cryptocurrencies.

Don’t miss out on what could be a once-in-a-generation investing opportunity.

Click here to get the full story!

More reading

The Motley Fool has no position in any of the stocks mentioned. Fool contributor Nikhil Kumar has no position in any of the stocks mentioned.

2021

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Q1 2024 Freeport-McMoRan Inc Earnings Call

    Q1 2024 Freeport-McMoRan Inc Earnings Call

  • About 3.6 million Medicare beneficiaries could be eligible for Wegovy coverage, study shows

    Wegovy was approved by the U.S. health regulator last month for lowering the risk of stroke and heart attack in overweight or obese adults who do not have diabetes. The additional approval would expand Medicare coverage for Wegovy and coverage by other insurers for such adults with heart conditions.

  • LGBTQ+ rallies to be held across Canada, billed as largest since marriage equality

    Organizations across the country are gearing up for what they describe as the largest LGBTQ+ mobilization since the push for marriage equality. Fae Johnstone, president of the Society of Queer Momentum, says there will be rallies across Canada in May. The group, in partnership with other organizations, is pushing for all levels of government to respond to a series of calls to action that include funding for LGBTQ+ social supports and programs. The group has dubbed the campaign the Rainbow Week o

  • Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit

    A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.

  • Ketamine bros are giving psychedelics a bad rap. That's a problem for those who need them.

    I've become unnerved by this ketamine bro culture, which threatens to halt the exciting progress in psychedelic research over the last few decades.

  • GB News can still use politicians as presenters, says Ofcom

    ‘No clear consensus’ from British public for outright ban on likes of Jacob Rees-Mogg hosting shows

  • Is This Love Story The New ‘One Day’?

    David Nicholls, the author of bestselling love story 'One Day' is back with a new book

  • So This Is What Happens When Celebs Are Called For Jury Duty

    I have always wondered!

  • Q1 2024 Polaris Inc Earnings Call

    Q1 2024 Polaris Inc Earnings Call

  • Household Cavalry horses bolt through central London smashing into vehicles and leaving soldier injured

    WARNING: Article contains footage some readers may find distressing

  • Specialist firefighters tunnel under home to rescue trapped poodle

    The dog, named Jock, became stuck under a property in Swansea on Tuesday.

  • Report: U.S. air pollution worst in 25 years as new environmental regulations finalized

    An American Lung Association report finds 131 million people are breathing “hazardous” or “very unhealthy” air. The exposure can be life-threatening.

  • Blinken begins key China visit as tensions rise over new US foreign aid bill

    U.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTok’s China-based parent company to sell the social media platform -– all areas of contention between Washington and Beijing. Blinken arrived in Shanghai on Wednesday just hours after the Senate vote on the long-stalled legislation and shortly before President Joe Biden is expected to sign it into law to demonstrate U.S. resolve in defending its allies and partners.

  • The long battle for more US aid for Ukraine is ending but damage to Kyiv will be hard to reverse

    WASHINGTON (AP) — President Joe Biden's long, painful battle with Republicans in Congress to secure urgently needed assistance for Ukraine will end Wednesday when he signs into law a $95 billion war aid measure that also includes support for Israel, Taiwan and other allies. But significant damage has been done to the administration’s effort to help Ukraine repel Russia’s brutal invasion during the funding impasse that dates back to August, when Biden made his first emergency spending request for

  • Taiwan chipmaker UMC warns of muted auto, industrial demand

    Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand. Investors have been on edge about chip demand after UMC's much larger peer TSMC shocked the market last week by dialling back its expectations for the sector's growth this year, especially in more mature technologies used in sectors like autos. United Microelectronics Corp (UMC) focuses on more mature nodes, unlike Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which is investing big in the most advanced 2 and 1 nanometre technology to power artificial intelligence (AI) applications.

  • Leaving ECHR not necessary to prevent small boat crossings, says Lord Cameron

    Leaving the European Convention on Human Rights (ECHR) will not be “necessary” to prevent small boat crossings, Lord David Cameron has said despite demands from senior Tories for such a move.

  • After battle with Republicans, Biden to sign Ukraine aid package

    President Joe Biden will sign a bill into law on Wednesday that provides billions of dollars of new aid to Ukraine for its war with Russia, a bipartisan victory for the president as he seeks re-election and a boost to allies who have looked to Washington to support Kiev. Biden, a Democrat who is expected to face Republican former President Donald Trump, a Ukraine aid skeptic, in the November election, has pressed lawmakers for six months to approve more funding for Ukraine, which has been fighting a full-scale Russian invasion for more than two years. Despite bipartisan support, a proposed package of aid idled amid opposition mostly from Republicans closely tied to Trump.

  • EMERGING MARKETS-Stocks rally for third day; Indonesia delivers surprise rate hike

    Emerging market stocks rose on Wednesday, extending their recovery for a third day, supported by a more than 2% jump in the Hong Kong, South Korea and Taiwan bourses, while Indonesia's rupiah strengthened after the central bank raised interest rates unexpectedly. The rupiah rose 0.4% against the dollar after Bank Indonesia's surprise 25 bps hike, in efforts to support the currency which has fallen to four-year lows on growing risk aversion and a delay in the expected timing of any U.S. policy easing. "We reckon that today's hike will prove to be a one-and-done, and continue to believe that BI will start a gradual normalisation of policy in Q4, as soon as headline inflation falls below its actual 2.5% target," said Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics.

  • Sprints singer: 'I should be able to perform without being groped'

    As MPs meet to discuss misogyny in music, Karla Chubb from Irish band Sprints says the issue is rife.

  • A hematoma is more than just a big bruise. Here's when they can be concerning.

    Bruises and hematomas are similar in that both can occur as a result of a blow, bump, fall or other injury. But there are some distinctions.