It can be tougher to find some hidden gems in a market when the consumer economy has been struggling. Like many other countries, Canadian consumers have been facing the two-pronged assault of higher inflation levels plus higher interest rates, which is causing them to reign in spending.
That said, Canadian headline consumer inflation eased during the first half of last year, falling below 3% in June 2023, but accelerating again in the summer months. Food inflation has begun to moderate, and household net worth has also continued to increase. Mortgage borrowing in Canada is now at its lowest level in 18 years, as consumers shy away from the expensive practice of borrowing to buy a home!
Below, however, is a list of TSX companies I’ve identified which seem to be in excellent shape as we move into 2024. All have a high degree of exposure to the Canadian consumer.
Global Education Communities Corp [TSX:GEC]
If you’re interested in…
