3 Canadian Stocks to Buy That Could be Massive Long-Term Winners
The Canadian equity markets have become volatile as a result of recession fears, with the S&P/TSX Composite Index down more than 14% this year.
The correction, on the other hand, has provided an excellent entry point for long-term investors seeking quality stocks.
Meanwhile, here are my three top bets for superior returns over the next five years that investors can begin accumulating.
BCE
01.
Because of digitization, increased penetration, and increased adoption of remote working and learning, the telecommunications sector has been one of the fastest-growing sectors.
Furthermore, the introduction of 5G has created multi-year growth potential for telecom companies.
WELL Health Technologies Inc.
02.
According to Markets and Markets, the global telehealthcare sector will grow at a CAGR of 26.6% through 2027.
The telehealthcare sector could grow at a steady rate over the next few years, thanks to advancements in telecommunication services, increased adoption, and greater penetration.
Goeasy
03.
My final pick is goeasy (TSX:GSY), which is trading at a significant discount of 48.5% to its recent highs.
Fears that higher inflation and rising interest rates will harm its high-growth verticals have dragged down the company's stock price.