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 Inc68.36 CAD1.35
Canadian Imperial Bank of Commerce100.95 CAD-0.92
Canadian Pacific Railway Ltd399.22 CAD-0.37
CI Financial Corp17.19 CAD-2.27
Enbridge Inc39.49 CAD-2.71
National Bank of Canada66.07 CAD-2.45
Nutrien Ltd52.87 CAD-2.07
Royal Bank of Canada93.63 CAD-0.73
TC Energy Corp58.63 CAD-4.17
The Toronto-Dominion Bank60.17 CAD-1.23

About Author

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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