7 Best Canadian Stocks to Buy Now
Investors often overlook the best Canadian stocks, opting for domestic, American firms instead. The non-resident withholding tax is a big reason to avoid stocks in this country. US-based investors may buy Canadian stocks in their IRA to avoid the tax. In addition, financial institutions and energy companies are the main appeals for Canadian companies. In the speculative segment, cannabis companies are disappointed. Investors who missed the boom in cannabis stocks and bought near the top will shy away from Canadian stocks. Astute investors will dig deeper and find many diamonds in the rough. These include insurance, technology, financial, retail, and energy stocks. Growth and value scores for these stocks in green are strong. Data from Stock Rover In the table above, the seven best companies in the country have a quality score as high as 89|100. Suncor Energy is a quality oil and gas firm. At the lower end is George Weston with a 64|100 on quality. Yet its value score of 87|100 more than makes up for its lower return on investment in the food processing and distribution business. 7 Cheap Stocks That Are Trading at a Discount The strong U.S. dollar may deter investors from exchange rate risks.
7 Best Canadian Stocks to Buy Now
Investors often overlook the best Canadian stocks, opting for domestic, American firms instead. The non-resident withholding tax is a big reason to avoid stocks in this country. US-based investors may buy Canadian stocks in their IRA to avoid the tax. In addition, financial institutions and energy companies are the main appeals for Canadian companies. In the speculative segment, cannabis companies are disappointed. Investors who missed the boom in cannabis stocks and bought near the top will shy away from Canadian stocks. Astute investors will dig deeper and find many diamonds in the rough. These include insurance, technology, financial, retail, and energy stocks. Growth and value scores for these stocks in green are strong. Data from Stock Rover In the table above, the seven best companies in the country have a quality score as high as 89|100. Suncor Energy is a quality oil and gas firm. At the lower end is George Weston with a 64|100 on quality. Yet its value score of 87|100 more than makes up for its lower return on investment in the food processing and distribution business. 7 Cheap Stocks That Are Trading at a Discount The strong U.S. dollar may deter investors from exchange rate risks.