At writing, the S&P/TSX Composite Index is on an upward trajectory, but it is still down by over 2% from its latest all-time high on November 12, 2021.
Market volatility can cause significant problems for investors who want to secure growth stocks in their portfolios.
The need to dispose of waste is crucial across all sectors of the economy, and the company has already seen the demand for its services translate to its performance on the stock market.
At writing, Waste Connections stock is trading for $168.27 per share, and it is up by over 30% in the last 12 months.
It is Canada’s largest private and non-bank payment-processing company that plays a vital role in the booming e-commerce industry.
Despite the trouble and doubt created by the short report, there is no denying the fact that digital transactions are rising with the growth of the e-commerce industry.
The need for waste disposal in the country will never go away, and the need for payment-processing platforms due to the constant growth in the e-commerce industry will only rise in the coming years.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor.