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2024 is turning out to be quite an interesting year for stock market investing. As of this writing, the S&P/TSX Composite Index is up by a whopping 14.55% from its 52-week low and 5.59% year to date. The Canadian benchmark index has been volatile over the last several weeks.
While the recent uptick might make investors feel hopeful, there is no telling when another sharp decline might hit the market. In a volatile market, many investors look for holdings that can protect their capital from the ravages of uncertainty.
In times like these, the stock of resilient businesses can offer the defensive appeal that risk-averse investors seek. To this end, Dollarama (TSX:DOL) and Alimentation Couche-Tard (TSX:ATD) can be good holdings to consider. Today, we will take a look at the two defensive retailers to help you determine which might be the better holding if you have to choose one.
Dollarama
Dollarama stock…
