Canadian Stocks To Watch Now - March 9th

As March 9th unfolds, three Canadian stocks are notably capturing attention in the market. According to market analysis tools, CSX, Visionary, and Canadian National Railway are the top stocks to watch today. Investing in Canadian stocks, which are equity securities issued by companies in Canada, allows investors to own a piece of these firms. These stocks are mainly traded on Canadian exchanges, including the Toronto Stock Exchange (TSX), offering potential returns through price increases and dividends. The selected companies have demonstrated the highest dollar trading volumes recently.

CSX (CSX)

CSX Corporation, along with its subsidiaries, specializes in rail-based freight transportation services. The company offers a range of services, including the transportation of intermodal containers and trailers. CSX also manages the transfer of bulk commodities and operates rail-to-truck transfers. Their freight service includes transporting a variety of goods such as chemicals, food products, agricultural items, minerals, and automotive products. Notably, they also handle significant volumes of coal and iron ore, supplying power plants and steel manufacturers.

Recently, shares of CSX were trading at $31.26, experiencing an increase of $0.33. Over 19 million shares exchanged hands, surpassing the average trading volume of approximately 11 million. CSX's market cap stands at $59.23 billion, with a price-to-earnings (P/E) ratio of 17.46. Furthermore, it has recorded a 52-week low of $30.55 and a 52-week high of $38.35.

Visionary (GV)

Visionary Holdings Inc. provides educational programs for students both in Canada and internationally. Their offerings include programs leading to an Ontario secondary school diploma, along with vocational education, and diploma programs from both two-year colleges and four-year universities.

During midday trading, Visionary's shares climbed to $6.05, marking an increase of $1.16. The trading volume hit over 71 million shares, significantly higher than its usual volume of around 9 million. The stock has a notable trading history, with a 52-week low of $1.00 and a high of $9.60.

Canadian National Railway (CNI)

Canadian National Railway Company operates in rail, intermodal, trucking, and marine transportation, covering both Canada and the United States. They deliver an array of services including rail transport, equipment provision, and custom brokerage, as well as logistics services that comprise temperature-controlled cargo and various partnerships with ports.

On March 9th, CNI stocks traded down to $101.12, decreasing by $0.82. Approximately 4.1 million shares were traded, compared to an average volume of 1.46 million. CNI has a current market capitalization of $63.53 billion, with a P/E ratio of 19.75 and additional metrics indicating its strong position in the market.

Conclusion

These three companies, CSX, Visionary, and Canadian National Railway, are among the stocks currently attracting considerable interest from investors. Those looking to invest in the Canadian stock market should consider these options based on their recent performance and trading volumes.

stocks, Canada, markets