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November is the fifth month out of 11 in which the TSX tasted positive month-to-month gains in 2023. Canada’s primary stock exchange is up by 5.51% year to date, much better than the 8.66% loss in 2022.
Technology is the best-performing sector, with its 52.02% year-to-date gain, although no one can tell how long it can sustain the momentum. However, if you seek TSX stocks that could dominate the market in 2024, Parkland (TSX:PKI) or Stantec (TSX:STN) are the frontrunners.
Substantial growth is coming
Parkland is preparing for what is coming, particularly full electric vehicle (EV) sales by 2035 to reduce road transportation emissions. The $7.7 billion fuel distributor and retailer is strengthening its EV charging network in British Columbia and planning to expand in other provinces such as Ontario and Quebec.
Its senior vice president for Energy Transition and Corporate Development, Darren Smart, said,…
