Written by Adam Othman at The Motley Fool Canada
The retail sector is an excellent space for Canadian investors to consider when looking for reliable investments to deliver good returns in the long run. To this end, Canadian Tire (TSX:CTC.A) can be a natural stock to consider.
As of this writing, the stock trades for a 25.23% discount from its 52-week high. CTC stock is an $8.26 billion market capitalization company operating in the automotive, hardware, sports, leisure, and housewares sectors.
While the retail industry has become primarily an online affair, this brick-and-mortar retailer is still a major force in the sector. Boasting a solid digital presence of its own, it boasts an extensive network of physical locations nationwide. Regardless of where you live in Canada, there is a Canadian Tire store at least within driving distance.
The retail stock has been a mainstay for decades and looks set to remain a…
