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Best Canadian Stocks to Buy

If you are looking for the best Canadian stocks to buy (2023 Edition), then you are at the right place. Because in this post, we will discuss the 5 best Canadian stocks you can buy now.

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Best Canadian Stocks to Buy

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  1. 5 Of The Best Canadian Stocks to Buy (2023 Edition) www.statanalytica.com

  2. Hello There We are from Statanalytica, and we'll be sharing with you the best canadian stocks to buy. On the other hand, you can Follow us at https://statanalytica.com/ to learn more.

  3. Table of contents 5 Of The Best Canadian Stocks to Buy in 2023 Conclusion Introduction 02 03 01

  4. Introduction If you are looking for the best Canadian stocks to buy (2023 Edition), then you are at the right place. Because in this post, we will discuss the 5 best Canadian stocks you can buy now, which are based on the current market. In terms of returns, Canadian stocks and the Toronto Stock Exchange have a bad reputation. Why? First of all, the United States economy is significantly larger than Canadian stocks. It also includes high-flying technology companies such as Microsoft (MSFT), Meta Platforms (known as Facebook) (META), Apple (AAPL), Amazon (AMZN), and Alphabet (GOOGLE). On the other hand, the S&P 500 and NASDAQ are likely to give you higher overall returns over the long term.

  5. Introduction But, after all this, some Canadian stocks are good enough to be added to our list. Because there is money to be made in Canadian stocks and the Canadian stock market due to low competition. So, without wasting any time, let’s get started with 5 of the best Canadian stocks to buy (2023 Edition).

  6. 5 Of The Best Canadian Stocks to Buy in 2023

  7. 1. Canadian Natural Resources (TSE:CNQ) First on our list of best Canadian stocks to buy is Canadian Natural Resources (TSE:CNQ). The market capitalization of this company is nearly about 80.20 billion Canadian dollars. We haven’t included any oil company on our list of the best Canadian stocks to buy in 2023. However, there is no doubt that oil is reviving, and oil prices are likely to continue well into 2023 and beyond. However, over the last ten years, it’s difficult to find a better-performing oil stock than Canadian Natural Resources. And, if we’re going to make an oil investment, we’d like to own the best-in-class producer in North America.

  8. 2. Telus (TSE:T) Telus (TSE:T) is second on our list of the best Canadian stocks to buy. The market capitalization of this company is about 40.14 billion Canadian dollars. In Canada, there are only a few 5G companies. We are commonly forced to travel south to American markets in order to gain access to high-growth 5G opportunities. While Telus (TSE:T) does not have world-beating future potential, it is the best telecom stock to own in Canada today in terms of both 5G exposure and overall growth. On the other hand, Telus is a huge part of 3 big telecom companies in Canada. As a result, if you want to buy any Canadian stocks, then this would be a great choice.

  9. 3. Dollarama (TSE:DOL) Third on our list of best Canadian stocks to buy is Dollarama (TSE:DOL). The market capitalization of this company is about 23.54 billion Canadian dollars. We can’t neglect the fact that this company only offers multiple products below $1. On the other hand, the company’s stores are located throughout Canada, mostly in convenient areas such as metropolitan areas, midsize cities, and small towns. In the current economic climate, defensive stocks have grown in popularity. As a result, DOLLARAMA (TSE:DOL) is one of the country’s most prominent consumer defensive stocks.

  10. 4. Loblaw (TSE:L) Next on our list of best Canadian stocks to buy is Loblaw (TSE:L). The market capitalization of this company is about 36.20 billion Canadian dollars. On the other hand, a recession is the main concern for 2022 and beyond. If this occurs, we can expect more volatility in the near term. As a result, we seek companies that can maintain revenue and earnings during an economic downturn. And undoubtedly, there is no better company in the country than Loblaw (TSE:L). Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, with the largest store footprint in Ontario and a significant presence in Quebec and British Columbia.

  11. 5. Goeasy Ltd (TSE:GSY) Last but not the least, we have Goeasy Ltd (TSE:GSY). The market capitalization of this company is about 1.78 billion Canadian dollars. If we talk about Goeasy, it is a small-cap Canadian company that operates easy home and easy financial divisions to provide non-prime leasing and lending services. As of now, the company has made over $5 billion in loans. However, It also works hard to improve Canadian borrowers’ credit scores, with 60% of customers improving their credit scores within a year of borrowing.

  12. Conclusion This is the of this post, which is the best Canadian stocks to buy. On the other hand, each has huge potential for growth and profit, as well as a certain level of risk. As a result, if you plan to buy any Canadian stocks mentioned above, then do proper research. Or you can take some advice from your finance consultant to ensure that you take the right step. I hope you get your answer after reading this post. Thanks for reading, Happy Investing!

  13. Thanks! Do you have any questions? If you want to read more interesting content like this you can visit to our website @https://statanalytica.com/blog

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