Ten moat-y stocks now within buying range

More than 50 Canadian stocks slipped below our fair value estimates after the market fall earlier this week

Ruth Saldanha 6 December, 2018 | 7:00PM

Equity markets started the week strongly, buoyed by what was perceived as a thaw in U.S-China trade tensions.

The next day, China tariff fears returned, and markets tumbled. In one trading session on Tuesday, the Dow lost almost 800 points, while the S&P/TSX Composite lost over 200 points.

Yesterday, the U.S. markets were shut, but the Canadian market recovered, ending the day up around 0.7%, thanks in part to energy stocks that rose on the back on Alberta’s oil production cuts.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BRP Inc89.64 CAD-3.05
Canadian Imperial Bank of Commerce121.22 CAD0.02
Canadian Pacific Railway Ltd444.94 CAD-2.60
CI Financial Corp17.02 CAD-0.47
Enbridge Inc44.59 CAD0.29
National Bank of Canada82.99 CAD1.07
Nutrien Ltd67.38 CAD-3.02
Royal Bank of Canada109.88 CAD0.11
TC Energy Corp56.10 CAD0.74
The Toronto-Dominion Bank78.35 CAD-0.72

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.


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