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 Inc69.67 CAD-5.57
Canadian Imperial Bank of Commerce109.17 CAD-0.06
Canadian Pacific Railway Ltd351.05 CAD-2.02
CI Financial Corp25.32 CAD-0.55
Enbridge Inc55.31 CAD-0.18
National Bank of Canada74.79 CAD0.13
Nutrien Ltd56.24 CAD-2.02
Royal Bank of Canada109.21 CAD1.12
TC Energy Corp75.88 CAD-0.24
The Toronto-Dominion Bank75.77 CAD-0.28

About Author

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca