RRSP Investors: 1 Top TSX Stock to Buy Now for 2022 | The Motley Fool Canada

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This top TSX stock could soar in 2022. Here's why it deserves to be on your RRSP buy list.
RRSP investors who use their online brokerage accounts to invest for retirement are starting to search for top TSX stocks that could deliver big returns for their self-directed portfolios in 2022 and beyond.

Let's take a look at Nutrien (TSX:NTR)(NYSE:NTR) to see why it deserves to be on your RRSP radar today.

Nutrien earnings

Nutrien currently trades near its 12-month high, and more gains for the fertilizer giant should be on the way.

The company reported strong results for the first half of 2021 and provided positive guidance for investors for the remainder of the year. Nutrien generated record adjusted EBITDA of US$3 billion for the front half of 2021, representing a 36% increase over the same period last year. Free cash flow came in at US$1.9 billion, up 40% from the first half of 2020.

Nutrien cited its unique position in the market as both a major wholesale provider of potash, nitrogen and phosphate, as well as being a leading retailer of seed and crop protection products.

Nutrien has the flexibility to ramp up production to meet growing potash demand thanks to the completion of major…
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