DON'T TOUCH These Canadian Stocks In 2020 - Canadian Stocks To Avoid 🍁

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Even more important than finding the top Canadian stocks to buy, is figuring out what Canadian stocks you should be avoiding.

Losing a significant amount of money on an investment can have drastic consequences. Buying a poor Canadian stock and watching it fall by 50% means you need the stock to double to achieve your original investment. Lots of beginner investors looking for passive income chase high potential Canadian stocks and end up losing money.

These TSX stocks however are some that Canadians think are a bargain, but they really aren't. Expect these stocks (Cineplex stock and Sienna Senior Living stock) to struggle mightily moving forward due to COVID-19 restrictions and potential lawsuits. One of these stocks even has the potential to go bankrupt if there is a second wave or an extended lockdown.

The stock market is full of bad stocks, and we're happy to bring you a detailed explanation of why we're avoiding these Canadian stocks in August of 2020, and probably for the foreseeable future.

In our opinion, don't touch these Canadian stocks in 2020. Low prices are offering what we'd like to call a value trap right now in the form of low valuations and high yields in Sienna's case. However, we feel they could fall even further.

Cineplex Stock: 02:07
Sienna Senior Living Stock: 09:20

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