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
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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 Ltd7.40 CAD0.54Rating
Air Canada Class B24.74 CAD1.60Rating
BCE Inc59.06 CAD0.60Rating
Emera Inc55.97 CAD0.27Rating
George Weston Ltd115.40 CAD1.85Rating
IGM Financial Inc44.30 CAD0.93Rating
Loblaw Companies Ltd72.25 CAD1.08Rating
Magna International Inc Class A114.82 CAD2.28Rating
Power Corporation of Canada36.92 CAD0.24Rating
Saputo Inc39.34 CAD0.49Rating
SNC-Lavalin Group Inc27.75 CAD0.14Rating
TC Energy Corp60.33 CAD-0.58Rating

About Author

Ruth Saldanha

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

 
 
 

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