Yesterday, the Bureau of Labour Statistics announced that the United States Consumer Price Index rose 3.3% in May, lower than analysts’ projection of 3.4%. Despite easing inflation, the Federal Reserve remained hawkish and expects only one rate cut this year. Meanwhile, the volatility in the Canadian equity market continued on Thursday, with the S&P/TSX Composite Index falling 1.2%.
The index has fallen 2.5% this month and is trading just 3.5% higher for this year. Despite the volatile environment, the following three Canadian stocks have outperformed and could continue their uptrend.
Celestica
Celestica (TSX:CLS) is one of the top performers in the Canadian equity markets, with returns of over 100%. The electronics manufacturing services company offers design, manufacturing, and supply chain solutions for companies covering various sectors. The company has delivered impressive returns this year due to its exposure to…
