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As the Canadian economy rolls through some choppy waters, questions linger as to how long the rough times will last and what could lie on the other side of a potential economic contraction. At this pace, it seems like the recession has already arrived in Canada. Still, there may be nothing to fear but fear itself as Canadian firms look to navigate through the year’s uncertainties.
The good news is that inflation is on the descent, with the latest round of numbers coming in quite cool. Whether the Bank of Canada (Canada’s central bank) chooses to begin cutting rates at a faster pace than the Federal Reserve in the U.S. remains the big question. Either way, I think investors should be a tad more optimistic about the next two to three years when it comes to the top retail plays.
In this piece, we’ll have a closer look at two well-run but underrated Canadian retailers that I believe are trading at…
