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After a solid recovery in the fourth quarter, global equity markets have turned volatile this year, with the S&P/TSX Composite Index falling around 0.2%. The indication from the Federal Reserve that it won’t be in a hurry to cut interest rates with inflation remaining on the higher side has weighed on the investors’ sentiments. The Red Sea crisis and the expectation of a global economic slowdown amid the impact of rising interest rates have also weighed on the equity markets.
Given the volatile environment, investors should look to add defensive stocks to strengthen their portfolios. Here are my three top picks.
Waste Connections
Waste Connections (TSX:WCN), which collects, transfers, and disposes of nonhazardous solid wastes, would be my first pick, given the essential nature of its businesses. It operates in exclusive and secondary markets. So, it faces less competition, thus allowing it to maintain…
