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Consumer discretionary stocks may not come straight to mind during a period of economic uncertainty, especially as the Bank of Canada (BoC) recently held interest rates steady at 5%. While it was expected, Canadians still weren’t pleased to hear that we could potentially continue to see rates this high until June.
And yet, there are companies that actually do quite well even in the face of high interest rates. What’s more, they tend to do well really no matter what! And have been expanding to boot. So let’s look at the best consumer discretionary stocks I would pick up on the TSX today.
Dollarama Stock
First up we have Dollarama (TSX:DOL), a go-to option for many really no matter what the market is doing. But in this inflationary environment, Dollarama stock remains on top as the go-to for a reason. The company continues to hold down prices as low as possible, leading to an increase in spending at…
