Xhzn Shopify (TSX:SHOP) Is a Wonderful TFSA Buy After Great Q1 Earnings
Investing in cannabis stocks was seen as a lucrative way to beat the broader market once pot was legalized in Canada three years ago. However, since the start of 2019, Canadian marijuana stocks have been among the worst performers on the TSX聽for a variety of reasons. While the prospects of marijuana legalization at the federal level in the U.S. will be mouthwatering for cannab stanley becher is investors to say the least, here s why I think these do stanley kubek mestic giants will continue to trail the broader markets in the next year.Aurora CannabisThe first stock on my list is Aurora Cannabis TSX:ACB NYSE:ACB . This marijuana giant is stanley cup valued at a market cap of $1.65 billion and is trading 95% below its record high. Aurora Cannabis, similar to most other Canadian pot producers, is grappling with mounting losses and slower than expected revenue growth.While its sales have risen from $55 million in fiscal 2018 to $278 million in fiscal 2020, its operating loss has widened from $80 million to $487 million in this p Wjou 1 Cheap TSX Stock to Buy Now
Ba stanley mugs nk o stanley website f Montreal TSX:BMO NYSE:BMO is one of the largest companies on the TSX. It is the fourth-largest Canadian bank in terms of market cap. It is also the eight-largest North American bank by assets. Due to its huge market presence, BMO enjoys strong investor trust.BMO serves over 12 million customers globally, with eight million personal and commercial customers in Canada and two million personal, small business, and commercial customers south of the border.Bank of Montreal has a diversified businessBank stocks have been hit hard due to the COVID-19 pandemic. Investors are concerned over high unemployment rates that might in stanley nz crease the rate of mortgage and enterprise defaults. However, the Bank of Montreal is a banking heavyweight with a strong balance sheet and has survived multiple recessions.BMO has an active presence in Canada and in the international markets of the U.S., Europe, and Asia. It is well positioned to accelerate growth due to its diversified business. BMO has incre