Got $1,000? 4 Top Canadian Stocks to Buy This Month | The Motley Fool Canada

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Despite the volatility, these four Canadian stocks can deliver superior returns over the next two years.
Over the last few weeks, the Canadian equity markets have turned volatile amid the concerns over a slowdown in economic recovery, higher inflation, and expectation of earlier-than-expected rollback of expansive monetary policies. Despite the rising volatility, I expect the following four Canadian stocks to deliver superior returns over the next two years, given their healthy growth prospects.

goeasy

Amid the economic growth due to the easing of restrictions and favorable monetary and fiscal policies, the demand for goeasy's (TSX:GSY) services is rising. Meanwhile, the company looks to expand its offerings, enter new markets, and strengthen its digital infrastructure to drive growth. Besides, the company's acquisition of LendCare has added new business verticles and improved its risk profile.

Given its healthy growth prospects, goeasy's management has set optimistic guidance for the next three years. The management expects its loan portfolio to increase from $1.8 billion as of June 30 to $3 billion by 2023. During this period, the company could deliver 22% of the adjusted return on equity annually. Despite its healthy growth prospects, the company still trades at an attractive valuation, with its forward price-to-earnings standing at 15.9. Also, it rewards its shareholders by raising its dividends at a healthier rate.…
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