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The stock market is at an exciting point as the after-effects of the pandemic – the oil crisis and high inflation – are behind us. The economy is still weak as high-interest rates have kept the budgets tight for most Canadians. But this will change as the Bank of Canada is prepared to cut rates this year. This shift could trigger a mild recession followed by a recovery.
Five stocks to buy in February 2024
As a beginner in investing, you can make the most of this shift and start by buying the dip. Here are five stocks that are near their lows and have the potential to surge in the recovery rally.
Air Canada
Air Canada (TSX:AC) stock continues to trade in the $18 range even after a full recovery of its revenue and profits to the pre-pandemic level. The $18 price was a pandemic trend. Otherwise, the stock traded around $27 to $30 pre-pandemic. It even rallied to $50 during its best year in…
