Qcql RRSP Investors: 2 Undervalued TSX Stocks to Buy Now for Total Returns
The Canadian equities market started the new week on a slightly positive note, as investors continued to asses stanley cup s the possibility of more rate hikes. The SP/TSX Composite Index advanced by 41 points, or 0.2%, during M stanley canada onday s volatile session to settle at 20,260, as much stronger-than-expected durable goods orders and pending home sales data from the U.S. market kept optimism alive.While shares of consumer noncyclical and healthcare companies posted heavy losses, a recovery in other key market sectors like metal and mining, industrials, and consumer cyclicals helped the index end the session with minor gains.Top TSX Composite movers and stanley cup becher active stocksShares of Uni-Select TSX:UNS jumped 16.6% to $46.97 per share, making it the top performer on the Toronto Stock Exchange for the day. This sharp rally in UNS stock came after the American auto parts giant LKQ Corporation announced intentions to acquire Uni-Select in an all-cash transaction for $48 per share, which was 19.2% higher than Nqct 3 REITs That Will Give You Dividends Every Month
An incoming recession usually means that investors can also expect a weak Canadian dollar, and our country isn ;t alone. A weak economy leads to a weak dollar, so investing in currency at the moment would probably be a poor choice. But while investing directly in currency can be a problem, so can choosing to invest in companies that are especially vulnerable to a weak loonie. stanley becher That why what might be far more beneficial is investing in companies that have some diversification, and in that case, looking to companies that have a foothold i stanley quencher n the United States is a great option for those seeking to avoid a weak loonie.Here are three options to consider for your portfolio that might actually do well while the loonie is down.TDA great bargain for today ; stanley cup s investors is聽Toronto-Dominion Bank聽 TSX:TD NYSE:TD . After some less-than-ideal results, the bank has remained on the low end of its share price for the time being, about 14% lower than its fair-value estimate by analysts. Y
