Canadian growth stocks have witnessed a sharp recovery in the last few weeks, as the Bank of Canada’s and the U.S. Federal Reserve’s latest monetary policy decisions strengthened the possibility that the central banks are willing to ease their monetary stance in the near term. The recent sharp recovery in high-growth stocks is the primary reason why the main TSX index has risen more than 5% in the ongoing quarter after diving by 3% in the previous one.
Cooling inflationary pressures and other economic indicators hint that this could just be the beginning of a long-term rally in growth stocks as the macroeconomic scenario continues to improve. Considering that, it could be the right time for investors to consider adding such fundamentally strong stocks to their portfolios. Let me quickly highlight two of my favourite TSX growth stocks you can consider in December 2023.
Nuvei stock
Nuvei (TSX:NVEI) has been…
