Which Two Canadian Sports Stocks To Buy On World Athletics Day 2021 ?

Canlan owns and operates multiple recreation venues in the US and Canada. The company has a market cap of over C$52 million, with price-to-book (P/B) ratio of 1.24. Both return on equity and return on assets of this stock are in negative territory. What, however, goes in favor of this stock are its one-year and year-to-date (YTD) growth. The stock has surged almost 22 per cent over past one year, and it is up 6.9 per cent on YTD.

Canadian Tire runs multiple stores across Canada to sell not just sports equipment but also apparel, accessories and other goods. It owns Helly Hansen, a Norwegian sports brand, since 2018. The market capitalization of the company is above C$814 million, with P/B ratio of 3.21. Its return on equity is 17.48 per cent, and return on assets is 3.81 per cent.

In March 2021, the company partnered with NuPort Robotics Inc. for development of technology for automated heavy duty trucking. The tech is first-of-its-kind in the world. Canadian Tire recorded online sales of C$1.6 billion across all retail segments in year 2020. Retail sales of the company in 2020 (excluding petroleum) were up 11 per cent compared with 2019.

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