Canadian stocks marked a recovery in 2023, as the economy turned out better than feared. Meanwhile, the expected decline in interest rates, economic improvement, and investors’ growing appetite for risky investments suggest that equities could continue to appreciate in 2024.
Against this backdrop, let’s look at five incredible Canadian stocks with solid fundamentals and potential to deliver stellar returns.
Shopify
Shopify (TSX:SHOP) stock bounced back sharply and more than doubled in 2023. Despite the notable growth in its value, this technology stock is a must-have in your portfolio for 2024. The e-commerce platform provider continues to deliver solid sales growth led by strength in its gross merchandise volume (GMV) and higher merchant solutions revenue.
Shopify is well positioned to capitalize on the structural shift in selling models towards omnichannel platforms and will likely deliver durable revenue growth….
