The TSX’s great start this month signals a new buying season. Canada’s main stock index hit a one-month high at the close on May 2. Trade tensions could likewise ease in the coming days as Canadian Prime Minister Mark Carney prepares to meet with U.S. President Donald Trump for tariff negotiations.
I said buying season because, despite the surge, a magnificent Canadian stock trades at a discount. Bombardier (TSX:BBD.B) is a screaming buy today. At $85.76 per share, the industrial stock is down -12.3% year-to-date. However, a breakout is imminent following the strong results in Q1 2025.
Business aviation industry leader
Bombardier designs, builds, and maintains various aircraft, including business jets and regional airliners. The $8.4 billion aerospace manufacturer and transportation equipment company is the acknowledged business aviation industry leader. Market analysts raised their price targets for BBD.B, notwithstanding the…
