If you’re looking to invest some money in the Canadian stock market, now would be a good time. We’re still some time away from the country being fully re-opened, but if you’re looking to ride the wave of the economy’s recovery, now is the time to be investing in the stock market.
The best part is, it doesn’t have to cost you a fortune to invest in Canadian stocks. The COVID-19 pandemic has hurt many company’s share prices, which means there are plenty of top Canadian stocks trading at favourable discounts today.
Don’t miss out on the gains of the Canadian economy’s recovery. Here are five top Canadian stocks you can buy for $100 or less that should be on your watch list right now.
Canadian stock #1: Lightspeed POS
It might be one of the most expensive stocks on the TSX, but it’s also one of the companies I’m most bullish on. Lightspeed POS (TSX:LSPD)(NYSE:LSPD) is trading at a frothy price-to-sales ratio of 60. Shares are trading today at just about $100.
Investors are willing to pay such a premium because of the growth potential. Lightspeed has created a one-stop-shop cloud-based platform for small- to medium-sized businesses. The robust platform supports customers across their entire business.
Shares are up 400% since its IPO just about two years ago…