2 Stocks to Double Up on While They’re Insanely Cheap
The year 2022 has been difficult for stock market investors and the broader economy.
After a particularly turbulent few weeks, the S&P/TSX Composite Index is down 12.54% from its 52-week high as of this writing.
Rising interest rates and persistent inflation continue to weigh on the stock market, including some of Canada's top blue-chip stocks.
Companies with strong business models, strong financial health, and the ability to recover from market downturns can be great investments for value-seeking investors.
Today, I'll talk about two Canadian blue-chip stocks that are trading at bargain prices and should be on your radar.
Bank of Nova Scotia (TSX:BNS)
01.
Is a Canadian financial industry behemoth with a market capitalization of $78.45 billion. Scotiabank stock is one of Canada's Big Six banks, with headquarters in Toronto.
Brookfield Renewable Partners (TSX:BEP.UN)
02.
Is a $10.88 billion market cap Canadian renewable energy behemoth. Brookfield Renewable stock, based in Toronto, owns and operates a massive portfolio of diverse renewable assets around the world.