Image source: Getty Images
The new year is almost here and now is a good time to look ahead to which stocks could be great buys in 2021. As people begin to get vaccinated for COVID-19, there’s hope that next year could look a lot more normal than 2020 has been. And that means that businesses that have been struggling this past year due to the pandemic could become more attractive buys. Here are two of the better stocks on the TSX that could be good bets to bounce back in 2021.
Inter Pipeline
Inter Pipeline (TSX:IPL) is down 46% this year, as 2020 has been an abysmal year for oil and gas stocks. The industry was already struggling with low oil prices before the pandemic hit. And when it did, they even turned negative for a brief period. The challenging situation led Inter Pipeline to slash its dividend by 72% in March.