5 cheap wide-moat Canadian stocks

These stocks have fallen below our fair value estimates – and have a sustainable competitive advantage relative to their peers

Ruth Saldanha 16 March, 2020 | 8:00AM

Clouds moat

Last week was another roller-coaster week for the markets – fueled by ongoing coronavirus concerns, the steep fall in oil prices and bearish market sentiment, the S&P TSX Composite Index plummeted, losing 10% over the week. U.S. markets did not fare much better, the Dow Jones Industrial Average officially slid into bear market territory on Wednesday, falling 20% below its early-year high. 

However, long-term investors don’t worry too much about volatility. As Morningstar.com’s director of content Susan Dziubinski says, “A market downturn can provide a chance to increase our positions in existing holdings or initiate new positions in stocks we’ve been eyeing.”

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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