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As the TSX rally gains steam, investors may want to consider investing in sectors that could benefit from the expected improvement in the macroeconomic outlook, for example, transportation.
With the overall economy showing early signs of improvement and interest rates near their peak, transportation stocks could be poised for a rally, especially the ones that haven’t seen much appreciation of late. This is because most transportation companies often thrive when the economy’s doing well. As increased business activities and consumer spending could mean more goods and people need to be transported, it’s likely to drive the demand for transportation services higher.
In this article, I’ll highlight two top TSX transportation stocks I find attractive to buy today and hold for the long term.
Air Canada stock
Air Canada (TSX:AC) is the first transportation stock that you can consider buying on the TSX…
