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 Ltd7.11 CAD0.00
Air Canada Class B46.22 CAD-1.76
BCE Inc64.33 CAD0.28
Emera Inc59.33 CAD0.63
George Weston Ltd110.53 CAD0.55
IGM Financial Inc39.41 CAD-0.91
Loblaw Companies Ltd71.09 CAD0.35
Magna International Inc Class A67.92 CAD-1.68
Power Corporation of Canada34.38 CAD-0.66
Power Financial Corp36.00 CAD-0.94
Saputo Inc41.40 CAD0.56
SNC-Lavalin Group Inc33.40 CAD-1.04
TC Energy Corp74.62 CAD0.97

About Author

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca