The TSX leans heavily towards energy, and it makes sense since Canada is one of the world’s energy giants. However, that’s not the only commodity area where Canada stands out. There are multiple commodity titans in the country that are also some of the largest securities trading on the TSX.
The performance of many of these titans is influenced by forces other than market ups and downs, which can lead to both resilience and contrarian trends. That’s reason enough to keep an eye on at least three of these titans.
A gold stock
Canada has its fair share of gold mining stocks, and while they are great contrarian picks in weak markets (when gold spikes thanks to its value as a hedge), they are not healthy long-term picks. However, one giant in Canada’s gold sector can offer you the best of both worlds.
Franco-Nevada (TSX:FNV), one of the largest gold royalty companies in the world, has a far more consistent growth track record…
