10 Canadian stocks now at a discount

After this week's market plunge, 46 Canadian stocks are trading below our fair value estimates.

Ruth Saldanha 12 October, 2018 | 5:00PM

This week has been a bloodbath for most major stock markets globally, and the Canadian markets are not insulated from this; the S&P/TSX Composite Index has lost 3.9% between Tuesday and Thursday.

It's important to remember that there is nothing fundamentally driving the drop in the Canadian markets; the market fall was largely driven by global sentiment. As of market close on Thursday, the S&P 500 is down 5.4% since Monday.

So what should investors do right now?

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
AGF Management Ltd5.20 CAD0.97
Air Canada Class B17.98 CAD-5.62
BCE Inc55.50 CAD-1.00
Emera Inc54.06 CAD0.04
George Weston Ltd96.00 CAD0.20
IGM Financial Inc31.85 CAD0.38
Loblaw Companies Ltd67.69 CAD-0.44
Magna International Inc Class A60.82 CAD-2.14
Power Corporation of Canada26.70 CAD2.50
Power Financial Corp  
Saputo Inc32.74 CAD0.55
SNC-Lavalin Group Inc23.78 CAD0.04
TC Energy Corp60.47 CAD0.92

About Author

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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