Given recent market volatility caused in part by Russia\u2019s invasion of Ukraine, many investors are turning to consumer staples to help bolster their portfolio. These companies are essential to our daily life and do well even if the economy is waning. Canadian consumer staples stocks are not going away and could be an opportunity for some investors in an inflationary climate.<\/p>
The consumer staples sector is one of the stock market\u2019s 11 sectors and is sometimes called the consumer defensive sector. It includes companies that produce goods and services that people need daily, such as food, clothing, and household and personal care products. This category also includes alcohol and tobacco.<\/p>
Consumer staples stocks are goods that are always in demand. Consumers generally buy these products regardless of their financial situation or economic stability. This makes them a good bet during times of inflation.<\/p>
Consumer staples stocks can be broken down into the following 6 industries:<\/p>