Young investors have been investing in an environment of relatively stable inflation over the past 10-15 years. Unfortunately, that era of stability appears to have come to an end. Inflation in Canada reached a stunning 7.7% in the month of May. That represented its highest point since 1983. Today, I want to look at three TSX stocks that young investors may want to target in this inflationary climate. Letâs dive in. Food prices have been a key driver in this inflationary environment. Indeed, grocery prices rose by another 9.7% in the month of May. That has put a major squeeze on consumers over the past year. Young investors may want to snatch up top grocery retailers like Metro (TSX:MRU) . This Montreal-based company operates as a top grocery and pharmaceutical retailer in Canada, with an especially large footprint in its home province of Quebec. Shares of this TSX stock have climbed marginally in 2022 as of early afternoon trading on June 23. The stock is up 14% from the previous year. In Q2 fiscal 2022, the company delivered sales growth of 1.9% to $4.27 billion. Meanwhile, adjusted net earnings climbed 5.1% year over year to $204 million. This TSX […]
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