Written by Sneha Nahata at The Motley Fool Canada
Buying and holding fundamentally strong Canadian stocks with solid growth prospects can help you generate significant wealth in the long term. However, investors should focus on diversifying their portfolios to reduce risk and enhance overall returns.
Against this backdrop, let’s look at three Canadian stocks with significant growth potential that are likely to deliver above-average returns over the next decade.
goeasy
Speaking of long-term winners, goeasy (TSX:GSY) stands out for its ability to deliver solid financials and above-average returns. For instance, goeasy’s revenue has increased at a compound annual growth rate (CAGR) of more than 20% in the last five years. Thanks to the leverage from higher sales, its earnings per share (EPS) grew at a CAGR of about 28% during the same period. Its robust financial performance boosted its share price, which…
