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The stock market has shown resilience and trended upward over the past year, even amid recession concerns. Additionally, moderating inflation and anticipated rate cuts are expected to further boost equity markets in 2024 and beyond.
If you plan to invest $50,000 or even less in equity, it’s wise to choose a diversified basket of stocks with strong fundamentals and solid growth prospects. This approach helps reduce risk and gain exposure to high-growth sectors with secular tailwinds.
With this backdrop, here are the five best Canadian stocks to buy now with $50,000.
goeasy
goeasy (TSX:GSY) stock is a must-have in your portfolio to create enduring wealth. Its ability to consistently grow its revenue and earnings at a high double-digit rate and commitment towards enhancing shareholders’ value through higher dividend payments acts as a catalyst.
The company benefits from its leadership in the…
