Written by Andrew Button at The Motley Fool Canada
The TSX Composite Index has booked a pretty modest gain for the year so far. Up 5.3% year to date, it is far behind the S&P 500, which is up 10.4% already. The TSX has a higher dividend yield than the S&P 500 does, which makes up for the lag in the price return somewhat. Still, Canada’s main stock market index is lagging this year.
That doesn’t mean that individual Canadian stocks aren’t doing well though. Far from it! There are many individual Canadian stocks that are outperforming the broader index this year – in some cases, even outperforming U.S. stocks. In this article, I will explore three Canadian stocks that are crushing the TSX in 2024.
Shopify
Shopify Inc (TSX:SHOP) has been one of the TSX’s best performing stocks in 2024. For the year, it’s up 8.8%, compared to the 5.3% gain the TSX as a whole has booked. Shopify is…
