Rkya Is Air Canada Stock on the Verge of Breaking Out
As per the survey conducted by the NABE National Association of Business Economics , panellists predict the United States ; economic growth will slow dow
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n to 1% between the fourth quarter of 2023 and the fourth quarter of 2024. The slowdown could create volatility in the equity markets. So, investors could add quality defensive stocks to strengthen their portfolios.The financials of retailers are not suscepti
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ble to market volatility due to the essential nature of their business, thus making them excellent defensive stocks to have in your portfolios. Meanwhile, let s assess which among Dollarama TSX:DOL and Alimentation Couche-Tard TSX:ATD would be an excellent buy right now.DollaramaDollarama owns and operates 1,541 stores across Canada
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, offering various everyday products at low prices. Supported by its direct sourcing capabilities and efficient logistics, the company is able to provide its products at a compelling value, thus delivering consistent financial growth over the l Dzoj Is BCE (TSX:BCE) a Buy After Its First-Quarter Earnings
Canadian Natural Resources TSX:CNQ NYSE:CNQ has had a rough ride. Over the past five years, shares have fallen by 4% versus a gain of 13% for the TSX index. Its recent struggles have been well documented.Last year, Canadian oil sands producers were hit with a perfect storm of negative news. Most
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companies are still reeling from the effects. With sentiment near multi-year lows, it
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clearly a buyer market. That what makes the latest news from聽Devon Energy NYSE:DVN so interesting.On February 19, Devon announced that it would be selling or spinning off its oil sands assets in Canada. Whoever b
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uys these assets could be getting some great projects at fire-sale prices. Canadian Natural Resources is primed to capitalize on this limited-time opportunity.Oil sands projects may sell at deep discountsWhen Devon revealed that it would be selling its oil sands assets, valuations for the properties ranged widely. For example, an analyst at CIBC聽estimated they would sell fo