"Despite more than doubling since we first recommended it just shy of two years ago, Sprott Resources (SCP), a Toronto-listed resource company, remains a strong buy, selling at a discount to a reasonable asset value," says Adrian Day.

The money manager and editor of The Global Analyst explains, "Sprott makes direct and indirect investments in the resource sector, frequently with new businesses which it subsequently takes public after nurturing them.

"One such is Orion Oil & Gas, of which Sprott still owns 78%, and remains undervalued. After more possible acquisitions, Orion could increase in value and more shares be spun off.

"Canada right now boasts one of the world's most compelling targets for investors' hard-earned money," says Peter Krauth.

The contributing editor to Money Morning reviews three ways to play Canada: CurrencyShares Canadian Dollar Trust (FXC), the Royal Bank of Canada (RY), and energy distribution and pipeline operator Enbridge (ENB).

"If the safety of a nation's banks is an indication of its economic well being, then Canada gets a clean bill of health, without the need for stress tests.

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

Roger Conrad, editor of The Canadian Edge, is a leading specialist in the niche investment area of high-income Canada-based trusts; for his top pick for 2010, he turns to ChemTrade Logistics (CGIFF), which trades both on the Toronto exchange and in the U.S. over-the-counter market.

Conrad explains, "ChemTrade Logistics is a major producer of specialty chemicals, particularly sulphuric acid. It's also a Canadian income trust yielding over 12% with most of its operations overseas. That adds up to a unique triple play for investors in 2010.

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"We own several stocks in our portfolio that are selling for less than their book value and with a P/E ratio of less than 5 -- but the prize among bargains is Teck Cominco (NYSE: TCK), our most promising stock for 2009," says Neil Macneale.

In his 2 for 1 newsletter -- which initially buys stocks when they announce 2-for-1 splits, he says, "It would be hard to argue this company is not literally being given away."

Macneale explains, "I bought this stock for the 2-for-1 portfolio over a year and half ago and its stock price has declined by about 90% since then.

"The Canadian mining company produces copper, zinc, gold, and metallurgical coal. All assets are in North America except for most of its copper operations, located in Peru.

"With a PE ratio bouncing between 1 and 2, and a Price-to-Book ratio at around 0.3, you are getting a well-established (1906), well-run asset play for less than its book value, even if existing plant and reserve values are slashed by over 50%.

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"Like the U.S., Canada is looking to big infrastructure plans," says Roger Conrad. In The Canadian Edge, he looks to Bird Construction Income Fund (OTC: BIRDF) as his top pick for 2009.

The Canadian income stock specialist explains, "The U.S. isn't the only country about to pour billions into infrastructure; Canada is also making a big move. And Bird Construction will be a prime beneficiary of this infrastructure spending.

"Bird has been a dominant player in building design and construction services for more than 85 years. Today, the company literally has its hands in every province, supporting projects for everything from oil sands mining to school construction.

"Third quarter 2008 revenue surged 31.5%, pushing nine-month growth to 48.3% as earnings per share more than doubled from 2007 levels.

"Meanwhile, order backlog -- the best predictor of future growth -- rose to better than $1.2 billion (Canadian), up from $821 million a year ago and $969 million at the beginning of 2008.

"Harvest Energy Trust (NYSE: HTE) is exactly what we love – a company with incredible upside and hefty 'dividends' that's being ignored byWall Street," says Keith Fitz-Gerald.

The editor of Money Morning explains, "But the stock is not being ignored by the company's executives. In fact, insiders are buying like crazy. And while this by itself doesn't guarantee higher prices, it's an important indicator of things to come, especially when oil prices are destined to increase in the coming years.

"Harvest Energy is located in Calgary and functions as a Canadian royalty trust, which means its profits are funneled back to investors in the form of 'distributions.' Harvest engages in the exploration, development, production, and sale of petroleum, natural gas, and natural gas liquids in western Canada.

"And the best part is, it's been tamped down in the last two quarters. You see, management has reduced its distribution by 21%, citing volatile energy prices and the new tax rules set to take effect in Canada in 2012. It also carries a lot of debt after having consolidated purchases of other oil and gas trusts and large private producers over the last two years. The company also purchased a refinery complex – and that didn't come cheap.

"Now here's where things get really good: Plain and simple, Harvest is sitting on oil – a lot of it. Large multi-million barrel reserves, with an estimated 9.3 years of proven and probable reserves using conventional extraction techniques. It's also sitting on over 1 billion barrels of untapped oil sands.

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"My favorite speculative choice for 2008 is InterOil Corp. (Toronto: IOL)," says Yola Edwards, editor of the technically oriented Yola Edward's Charts.

"The company is a junior exploration company involved in liquified natural gas. InterOil has partnered with Merrill Lynch Commodities, Inc. to develop a project in Papua New Guinea.

"InterOil's assets consist of petroleum licenses covering about 9 million acres, an oil refinery, and retail and commercial distribution facilities in Papua New Guinea. During 2006, the company announced a gas and condensate discovery, and doubled the downstream business by acquiring Shell's distribution assets in Papua New Guinea.

"The company announced a net loss of $17.9 million, or 60 cents per share (diluted), for the third quarter of 2007, compared with $7.3 million net loss or 25 cents per share (diluted) in the third quarter of 2006.

David Fried has developed an industry-leading reputation by focusing on companies buying back their shares. Here, his Buyback Letter looks at EnCana Corp. (NYSE: ECA).

"Canadian oil producer EnCana is among the largest holders of oil and gas resource lands in onshore North America, has an extensive drilling inventory with some 40,000 well locations, strong production and reserves growth, and robust project returns. It is focused on natural gas and in-situ oil sands.

"As the dangers of global warming have become more apparent, major energy companies are attempting to capture carbon dioxide and lock it away where it won't trap more heat. Industry leader EnCana has embarked on a pilot project to improve recovery rates from mature oil wells by using carbon dioxide.

"EnCana buys carbon dioxide produced by a power plant and ships it via pipeline to its Weyburn field in southern Saskatchewan. EnCana injects the gas into its oil field, where it reduces the viscosity of the oil, allowing the company to increase its recovery from the field.

"Enbridge Inc. (NYSE: ENB), already Canada's largest shippers of crude oil, is positioning itself to be the dominant distributor of Alberta's oil sands output," notes Tom Slee in Gordon's Pape's The Income Investor.

"The company is in excellent shape. Operating profit in the second quarter rose to $129.5 million, equal to 36 cents a share, up from $118.7 million the year before.

"All of the company's numerous, well-funded projects are on track and should start contributing to profits in 2009. There were no surprises or fireworks in the financial statements, just solid growth, exactly what we need in these volatile markets.

"It has a short- and a long-term program that involves $8 billion worth of projects at an advanced stage and a further $10 billion worth of undertakings on the drawing boards.

For a defensive play that offers exposure to commodities but is not considered vulnerable to the economy, both Mark Skousen and Nick Vardy have added fertilizer producer Potash Corp. of Saskatchewan (NYSE: POT) to their buy lists.

"Steadily increasing demand for ethanol has lead to a 15% increase in U.S. corn plantings, according to the Department of Agriculture," explains Mark Skousen, who points out that crops such as wheat and rice are experiencing high demand as well.

In his Hedge Fund Trader, the advisor says, "As a result, global selling prices for major crops are at their highest level in more than a decade. Farms are pulling out all the stops to maximize production. And the first order of business, of course, is making full use of agricultural fertilizers, chiefly potash."

I've just returned from the World Money Show in Orlando where more than 10,000 investors gathered to learn about global investing. I had a chance to meet with many of the U.S. and foreign financial experts featured at the show, and over the next week I will share some of their top investment ideas. To view all of the stocks featured in this special global report, click here.

With his conservative yet top-performing long-term performance record, Jim Stack cautions that this is not a low-risk market. Yet, the editor of Investech Market Analyst sees value in the renamed Bell Canada (NYSE:BCE).

"Although our key technical indicators in breadth and leadership are surprisingly bullish at present, we also see recessionary warning flags from a slowing economy, struggling housing market, and the inverted yield curve. As such, this is not a low-risk market.

"Therefore, we've maintained a moderate cash buffer this year and focused on defensive sectors -- in line with our commitment to following a safety-first strategy and protecting our bull market gains of the last three years. One stock that we have chosen to upgrade to a buy is BCE, which is changing its name to Bell Canada Inc.

"As background, the Finance Minister of Canada surprised the market with an official announcement that Canada was planning for the first time to tax dividends on income trusts. The move was aimed at closing a loophole that is costing the Canadian government over C$500 million in lost corporate-tax revenue.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Sobey's (TSX:SBY), a grocery retailer and food distributor in Canada, is the top conservative buy for 2007 from Yola Edwards. The technical expert and editor of Yola's Charts notes, "The U.S. economy's measured expansion suggests that we are probably in late stage expansion.

"Although the popularity of organic and trendy, prepared, affluent specialty food stores have flourished as shoppers spend more on high-end merchandise, competition and a consumer spending slowdown could see a shift to more conventional supermarkets, such as Sobeys.

"The company operates or franchises stores in all ten provinces under retail banners that include Sobeys, IGA extra, IGA, Foodland, and Price Chopper. The stock stock sports a 13.2 price to earnings ratio (P/E), certainly more attractive then 30 plus P/Es of high-end grocery retailers, but trading at a discount to conventional supermarkets.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Pele Mountain Resources (CDNX: GEM) is the top speculative idea for 2007 from Yola Edwards -- for those speculators who are fully aware of the very high risks inherent in a low priced junior mining stock.

The editor of Yola's Charts says, "Diamonds are a girl's best friend, so the saying goes, but add to that, a mix of gold, uranium and base metals and you have a gem of a company. Pele Mountain Resources, which explores and develops in northern Ontario, is virtually unknown.

"Pele owns 100% of its Elliott Lake uranium project, which was abandoned years ago when falling uranium prices undermined the property's economic viability. However, global demand and limited supply is expected to support the resurgence of uranium prices.

"Technically, the stock has traced out a solid three-year saucer base from 2003-2006 and has recently broken out to the upside with several significant upside breakout points. The fifth primary wave advance, of the first wave of intermediate degree, should complete at about $1.70.

"But in my view, that's just the beginning. Future reports may confirmed the continuation of the mineralized zone within the Elliott Lake boundaries; if so, this stock would be grossly undervalued. Pele Mountain has 63.2 million shares outstanding and is debt free."

To see Yola's favorite conservative stock for 2007, click here.