Top Canadian Stocks To Consider In 2020

Investing in the stock market can be a bumpy ride with so many ups & downs even in the best of times. The COVID-19 epidemic has had an immense impact on world markets. And the Canadian stock market is no exemption. Some stocks have dipped significantly due to lost revenues whereas others have flown, giving way to the best Canadian stocks.

In the present scenario, Canadian investors have a lot to mull over while deciding how & when to buy stock. To assist with your investment decisions let’s have a glance at some of the best Canadian stocks.

Stocks in financial sector:

Investing in sectors that have an influential stock performance offers practical expectations on future gains. And finance is definitely one of those most survivable sectors.

Canadian banks & other finance firms have survived many financial crises & thrived. They’ve established their long-term worth & can add solidity to your investment portfolio.

Some of Canada’s top-performing banks include:

·         Royal Bank

·         CIBC

·         Bank of Nova Scotia

·         National Bank of Canada

Stocks in gold & energy sector:

Stocks in gold & energy sector:

Gold stocks are the go-to investment for most investors when there’s market instability. Canada has innumerable home-grown firms from which to select the best Canadian gold stocks. Apart from gold, energy infrastructure firm stocks persist to show their potential as well. Some of the best gold and energy sector stocks to consider in Canada are:

  • ·         Kirkland Lake (TSX: KL)
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  • ·         Barrick Gold (TSX:ABX)
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  • ·         Enbridge (TSX:ENB

 

Tech & software company stocks:

The COVID-19 has impacted everything from how we work to how we shop and how our kids learn. Many business tycoons expect a new normal where remote working is much more widespread. Shopify, Canada’s leading software firm has declared it’ll close its brick & mortar offices permanently.

In this new age of remote working, companies that offer digital services & enterprise software are projected to see a surge in demand. Some tech and software companies stocks you can consider investing today include:

  • ·         Constellation Software (TSX:CSU)
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  • ·         CGI Group (TSX: GIB.A)
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  • ·         Lightspeed (LSPD:CA)
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  • ·         OpenText (TSX:OTEX)

 

Researching stocks prior to investing is the key to get good return in future. When considering the best Canadian stocks to buy, check out the company’s rankings by analysts.

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