The Canadian stock market is home to some pretty cheap stocks that may be worth adding to the radar going into the new year. Undoubtedly, a new year means another TFSA (Tax-Free Savings Account) contribution to put to work. And though the amount ($7,000 come January 2025) hasn’t changed, I think that investors should at least be thinking about what types of names they should pursue for their long-term TFSA portfolio, if not in January, perhaps at some point in the first half.
Undoubtedly, some pundits and market watchers seem to be treading cautiously going into the new year. After a spectacular year for the U.S. and Canadian equity markets, I’d argue that doing such is only prudent, even if it means missing out on more gains from this tremendously upbeat market.
Still, if you seek historically depressed multiples on wide-moat firms that can re-accelerate their sales and earnings growth, the following names seem worth adding to…
