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Headlines
- 2024 Growth Prospects for TSX Stocks: As the TSX Index rises steadily, three key stocks show potential for further growth in a promising bull market.
- Colliers International’s Advantage in Real Estate Revival: Benefiting from diversified real estate services, Colliers stands out as property transaction activity is expected to rise.
- goeasy’s Potential for Expansion: With future credit card offerings and a growing loan base, goeasy appears positioned for long-term growth.
The TSX has steadily gained traction in 2024, with an overall increase this year, even as high interest rates continue to shape expectations. While the TSX Index trails behind the S&P 500’s performance, its growth rate this year has outpaced long-term averages, presenting an encouraging backdrop for several promising TSX-listed companies.
Colliers International Group (TSX)
Colliers International Group (TSX:CIGI), a major name in commercial property brokerage globally, is well-positioned for growth despite the challenges posed by high interest rates. These elevated rates have previously limited property transaction volumes, affecting Colliers’ recent performance. However, the company’s diverse approach to real estate services—spanning property management, consulting, engineering, and asset management—enables it to maintain a strong base. In fact, a substantial portion of Colliers’ earnings stems from recurring revenue channels, reinforcing its resilience. With prospects of an interest rate decline, real estate transactions are expected to pick up, potentially accelerating Colliers’ earnings in the coming months.
goeasy Ltd.
goeasy (TSX:GSY) has been a strong performer within Canada’s financial sector. Despite a recent pullback following a leadership transition announcement, the company maintains a robust trajectory. goeasy specializes in non-prime lending, stepping in as major banks tighten their lending standards in a high-rate environment. This shift allows goeasy to cater to a broader audience of consumers seeking small to medium-sized loans. Additionally, goeasy is set to expand its market reach by offering credit cards—a move anticipated to attract a larger consumer base and elevate its market presence.
Both Colliers and goeasy showcase strong potential in a revitalized TSX environment, underscoring opportunities for investors seeking diversified exposure across sectors such as real estate and financial services.
