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It has been a choppy year for Canadian growth stocks. Worries about high valuations, interest rates, rising bond yields, and inflation have caused many Canadian growth stock to pull back in recent months.
Yet I encourage investors to look at the reasons why such growth stocks are highly valued. Often, they have massive societal tailwinds pushing growth, are well financed, have great management teams, and are, in essence, “doing all the right things.”
Sure, I am concerned about valuations. However, in a very low interest rate environment, they are not all dramatically overpriced. If you have a long-term time horizon, why not invest in the best? Considering this, here are four top Canadian growth stocks I find interesting in May 2021.