Page 45 - Fool Canada News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TSX stocks that took a major hit to the chin in recent weeks but are in the process of climbing back. Each name suffered a sharp, likely overblown correction over acquisition attempts. Each TSX stock’s correction is probably unwarranted through the eyes of a long-term investor. Let’s have a closer look at each freshly corrected TSX stock to determine whether one is worthy of picking up here as it looks to bounce potentially above its highs. Alimentation Couche-Tard Couche-Tard kicked off the year with a nasty correction. From out of nowhere, the convenience store giant surprised sharehold...

You wouldn’t know it by looking at the TSX Index, which has smoothly ascended for just over a year, but there has been a vicious rotation out of some of the more speculative growth names. Inflation is coming, and if it becomes problematic enough to cause central banks to pivot, Canadian growth stocks could drag the markets much lower. It’s a weird situation for many beginner investors. Nearly nothing has changed with many of the high-flying Canadian companies that saw their shares plunge 30% over the past few weeks. Many such firms are coming off blowout earnings beats. So, a strong argu...

Fewer Canadians are missing monthly payments The first big shift in Canada’s credit card behaviour is making payments on time. In 2019, Equifax Canada found that 850,000 Canadians were delinquent on payments. In 2020, however, that number dropped by almost 30% to 600,000. Likewise, with more Canadians making payments on time, the number of Canadians who feel “on track” with their credit cards increased from 600,000 in 2019 to 700,000 in 2020. Higher credit scores Perhaps the biggest takeaway from the report is the higher credit scores among Canadians. Around 50% of Canadians reported a...

Image source: Getty Images. The Tax-Free Savings Account (TFSA) continues to rise in popularity, as evidenced by the 9.95% year-over-year increase in average annual TFSA contributions. However, in the 2019 pre-coronavirus environment, Canada Revenue Agency (CRA) data showed that only 20% of Canadians have maxed out their yearly limits. For TFSA proponents, underutilizing the unique investment vehicle is a common mistake. Thus, the CRA data indicates that 80% of TFSA users are not taking full advantage or maximizing the benefits of tax-free money growth. The accumulated amo...

May 21, 2021, marks the fifth year of Shopify’s(TSX:SHOP)(NYSE:SHOP) market debut on the Toronto Stock Exchange and New York Stock Exchange. If you were a regular TSX investor who bought 679 shares worth $21,218.75 then, you’d be a certified millionaire five years later with $1,000,696.62 in the bank. On Friday, May 21, 2021, Shopify traded at $1,473.78 per share, or 4,616% higher than $31.25 on May 15, 2015. I suppose many Canadians became millionaires, because they believed in the growth potential of the e-commerce platform. TSX’s largest publicly listed company by market cap ($183.3...