HomeLoansTFSA Investors: 2 Canadian Stocks With Unbelievable Staying Power 

TFSA Investors: 2 Canadian Stocks With Unbelievable Staying Power 

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Rising interest rates and inflation have created fears of a recession. A recession creates a financial and economic toll on everyone from individuals to companies, making investors risk-averse. Thus, most investors cash out from the stock market and hoard cash.

Many high-debt companies dissolve, get acquired, or go bankrupt in a recession. But there are some too-big-to-fail companies that absorb recession shocks and emerge bigger and stronger. This is the time to buy stocks in such companies through the Tax-Free Savings Account (TFSA). Let’s focus in on two Canadian stocks that are here to stay.

Toronto-Dominion Bank 

Toronto-Dominion Bank (TSX:TD)(NYSE:TD), among the Big Six Canadian banks, has been doing business for 67 years. It has divided its business into three segments, Canadian banking (commercial and retail), U.S….

Read more at www.fool.ca

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