The holiday season this year is likely to be a bittersweet one for Canada. While Hanukah and Christmas celebrations are set to be scaled back due to the rising number of coronavirus cases, the country’s COVID-19 inoculation campaign will also be up and running in December.
With the holiday season almost here, about 57 per cent pf Canadians feel that their spending capabilities will be suffering in the light of the pandemic this year, found a recent study by PricewaterhouseCoopers (PwC). Nonetheless, about 83 per cent of the study’s respondents said that they plan to spend just as much or more than they did last year during the holidays.
At the end of the day, Canadians still wish to splurge on gifts this holiday season but tighten the wallet on travel plans, the study found.
On that note, let’s explore a few gift-themed stocks.
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Gift-themed Stocks For Christmas
Aritzia Inc (TSX: ATZ), an upscale women's fashion brand in Canada, is a shopping destination for many, especially around this gift-exchanging season. Stock wise, Aritzia posted a nearly 31 per cent growth in its stock price so far this year.
Currently priced at C$ 24.91, Aritzia stocks shot up by over 50 per cent in the last nine months since the March market lows.
Canada Goose (TSX:GOOS) stocks, while down over 14 per cent year-to-date (YTD), climbed by nearly 27 in the last six months and over 10 per cent in the last three months.
The stocks, valued at C$ 40.27 at the moment, jumped by almost per cent in the month of November.
Liquor Stocks For The Holiday ‘Cheer’
With eggnog and rum cakes in mind, let’s take stock of some alcohol stocks.
Rocky Mountain Liquor Inc (TSX:RUM) shares, with a stock price of C$ 0.125, register a YTD growth of over 212 per cent.
Stocks of the Canadian liquor stores operator climbed about 108 per cent in the last six months and over 56 per cent in the last three months.
Alcanna Inc (TSX:CLIQ) stocks, on the other hand, have zoomed over 90 per cent in the last six months and nearly 41 per cent in the last three months.
The beer and wine retailer saw its scrips, currently priced at C$ 6.3, climb nearly 29 per cent in November and over 40 per cent this year.
Food Stocks To Remember In December
What’s Christmas without good food? So before we end, let’s fill you in on some food stocks.
Saputo Inc (TSX: SAP) stocks, trending high on the Toronto Stock Exchange (TSX) posted a growth of about 13 per cent in the last three months.
The shares grew by over 14 per cent in the last six months and by about 11 per cent in November. Stocks of the Montreal-based dairy company are available at a price of C$ 37.07 on the TSX at the moment.
Maple Leaf Foods Inc (TSX:MFI) is currently ranked high on the TSX among trending consumer stocks, and priced at C$ 28.53. The stocks climbed over 10 per cent YTD and about 28 per cent in the last nine months since the market crash in March.
The packaged meats manufacturer posted a 6.2 per cent year-over-year sales growth in the third quarter ending 30 September 2020.