As the Toronto Stock Exchange (TSX) soars to new heights – having appreciated nearly 26% over the past year – Canadian investors face a unique challenge. For those invested in market-wide funds, they may be reluctant to allocate more capital to the Canadian stock market. In fact, record highs may tempt cautious investors to take…
Image source: Getty Images On Friday, the Canadian equity markets continued their uptrend, with the S&P/TSX Composite Index touching a new high amid solid September employment numbers in the United States. Meanwhile, the index is up over 15% for this year. Despite the uptrend, the following three TSX stocks are trading over 20% lower than…
Image source: Getty Images Magna International (TSX:MG) has been cruising through some interesting shifts recently. While the auto parts giant faced some headwinds due to supply chain challenges and rising costs, its recent stock performance has been relatively steady. Investors have been keeping an eye on its focus on electric vehicle (EV) parts, which gives…
Image source: Getty Images The consumer discretionary or the consumer cyclical sector makes up roughly around 3.6% of the S&P/TSX Composite Index. This sector includes shares of companies that sell goods and services that are considered non-essential, including automobiles, clothing, and leisure. This is one of the key reasons why the performance of this sector…