Don’t ignore the lesser-known mid-cap Canadian stocks, especially as rates begin to fall and macro headwinds start fading gradually over the coming months and quarters. Indeed, inflation has weighed heavily, and while it doesn’t feel any better to do a weekly grocery haul at the supermarket, the fact remains that inflation is nowhere close to the horrid peak endured just a few quarters ago.
Of course, only time will tell how consumers and inflation react to the Bank of Canada’s June rate cut and the two more that may be announced before 2024 ends.
Either way, I think now’s a great time to start thinking about buying some rate-sensitive securities. If you’re looking to create a watchlist of names that could benefit over the next two years, I’d look to the income-heavy telecoms, real estate investment trusts (REITs), and even utilities, which I previously mentioned will also benefit from increased energy consumption at…
