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For Canadian investors wanting to generate outsized returns on the Toronto Stock Exchange, a few defensive stocks are worth adding to an investment portfolio. Nonetheless, finding the right mix of defensive stocks on the TSX can make an enormous difference in the upcoming years.
Let’s dive into two defensive stocks I think make a strong case to be long-term portfolio holdings. These are companies I’d consider buying and holding for at least five years, particularly useful for investors who expect some turmoil in the next few years.
Alimentation Couche-Tard
Alimentation Couche-Tard (TSX:ATD) owns a convenience store network in North America, Scandinavia, Ireland, Poland, Russia, and the Baltics. It generates revenue by selling tobacco products, fresh food, groceries, quick service restaurants, and more. For the past 10 years, Alimentation Couche-Tard Inc. has been a top performer on the TSX,…
