Written by Rajiv Nanjapla at The Motley Fool Canada
The Canadian equity markets have begun 2024 on a weaker note, with the S&P/TSX Composite Index closed in red in the first two days of trading. Amid the uncertainty of when the Federal Reserve will start cutting its benchmark interest rates, the equity market has been under pressure. Analysts predict the global economy will slow down this year amid the impact of monetary tightening initiatives. So, I expect equity markets to remain volatile in the near term.
Meanwhile, long-term investors should not worry about short-term volatility and go long on quality stocks. Meanwhile, here are my three top TSX picks you can buy this year.
Nuvei
Nuvei (TSX:NVEI) is one of the top stocks to have in your portfolio due to its solid financials and healthy growth prospects. In the first three quarters, the company’s revenue grew 39% while its adjusted EBITDA (earnings before…
