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Sufi Bank on This: 5 Must-Own Canadian Financial Stocks for 2023
As a stock market investor, it is cruci stanley cup al to have a well-balanced portfolio that can provide you with stability through well-established assets that can generate strong long-term returns. If you already have a selection of high-quality blue-chip stocks, consider diversifying your portfolio by adding Canadian growth stocksthat can inject the potential for rapid wealth growth into your balanced portfolio.Today, I will discuss two Canadian growth stocks that you should have on your radar if you re in the search for equity securities that could provide a significant boostto your investment portfolio.WELL Health Tech stanley cup nologiesWELL Health Technologies TSX:WELL is a high-potential Canadian stock that can provide you with considerable wealth growth in the coming years through capital appreciation. The Canadian tech stock has been a major player disrup stanley website ting the healthcare sector and bringing updated tech to the industry to improve the customer experience.The company has grown considerably in rec Pkzu A Dividend-Growth Stock That s on Sale Today
The broad market sell-off has not had the typical inverse impact on Canadian real estate investment trusts REITs that many investors had expected. This is particularly true for residential-focused REITs. REITs and other bond-like proxies typically do we stanley website ll in a falling interest rate environment. Canada has followed the U.S. in lowering benchmark central bank-dictated rates to zero.This, of course, is an abnormal time. The market is pricing some concern into residential REITs such as Killam Apartment REIT and Canadian Apartment REIT. This concern centres on the idea that mass unemployment could ultimately lead to the inability of folks to pay their rent. This could lead to potential聽long-lasting cash flow issues. In addition, vacancy rate would be negatively impacted. Further, net operating income and cap rates in the sector would decrease significantly.Office stanley mugs /retail REITsMy view on residential REITs is that these trusts a stanley thermos re far safer than retail or office REITs. This is true, even giv |
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