Hot Canadian Stocks To Invest In Right Now

Safeway (NYSE: SWY  ) is leaving the Canadian market.

On Wednesday, the American supermarket chain announced that it has signed a definitive agreement to sell its Canadian operations to�wholly owned Empire Company Limited subsidiary Sobeys, a Canadian food retailer, for $5.7 billion. Sobeys will also take on "certain liabilities" as part of its purchase.

Safeway CEO Robert Edwards characterized the sale as motivated by a desire to take advantage of "the higher multiples attributed to Canadian supermarket companies" as compared with U.S. supermarket chains. Edwards noted that the net proceeds from this sale after taxes and expenses -- just under $4 billion -- will be used to pay down some of Safeway's debt and to buy back stock.

Safeway currently has about $6.2 billion in debt on its books (against $357 million in cash). It has more than 237 million shares outstanding, which, at $23.11 apiece, adds up to a market cap of $5.5 billion -- a market cap, though, that is rapidly climbing in the wake of positive investor reaction to news of the sale.

Hot Canadian Stocks To Invest In Right Now: ModusLink Global Solutions Inc(MLNK)

ModusLink Global Solutions, Inc., through its subsidiaries, provides supply chain business process management solutions worldwide. Its services and solutions cover forward supply chain, aftermarket service requirements, and e-business processes. The company?s services include sourcing and supply base management, manufacturing and product configuration, fulfillment and distribution, e-business, and aftermarket services, such as returns management and asset disposition; and consumer-electronics repair and reverse logistics services. Its clients include hardware manufacturers, software publishers, telecommunications carriers, broadband and wireless service providers, and consumer electronics companies. In addition, the company, through its venture capital business, invests in early-stage technology companies. ModusLink Global Solutions, Inc., formerly known as CMGI, Inc., was founded in 1986 and is headquartered in Waltham, Massachusetts.

Hot Canadian Stocks To Invest In Right Now: Molins Ord(MLIN.L)

Molins PLC supplies machinery and related support services and systems, principally to the fast-moving consumer goods sectors, including tobacco, food, and other high-volume products worldwide. It develops, assembles, sells, and maintains process and quality control instruments for the tobacco industry; and designs and manufactures cartoning machinery, case packers, and robotic solutions, as well as provides turnkey projects involving design and integration of packaging systems. The company also specialises in the design, development, and manufacture of secondary tobacco processing machinery, principally mid-speed cigarette makers, packing, and handling equipment. The company was founded in 1874 and is based in Milton Keynes, the United Kingdom.

10 Best Retail Stocks To Invest In 2014: Kingold Jewelry Inc.(KGJI)

Kingold Jewelry, Inc. engages in the design, manufacture, and sale of gold jewelry and Chinese ornaments in the People?s Republic of China. It provides a range of gold products, including gold necklaces, rings, earrings, bracelets, pendants, and gold bars. The company sells its products under the Kingold brand name to distributors, retailers, and wholesalers covering 19 provinces in China. Kingold Jewelry, Inc. was founded in 2002 and is based in Wuhan, the People?s Republic of China.