Top TSX Stocks

This is a current list of the top 250 companies by market capitalization on the Toronto Stock Exchange (TSX). Learn more about canadian stocks.

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Company	Sector	Current Price	P/E Ratio	Market Cap	Consensus Analyst Rating	Consensus Price Target
RY Royal Bank of Canada	Financial Services	C$190.65 +0.7%	16.61	C$269.77 billion	Buy (Score: 3.00)	C$190.54 (-0.1% Downside)
SHOP Shopify	Computer and Technology	C$196.52 +3.4%	88.97	C$183.02 billion	Hold (Score: 2.33)	C$157.50 (-19.9% Downside)
TD Toronto-Dominion Bank	Financial Services	C$102.88 +0.4%	20.38	C$180.49 billion	Hold (Score: 2.33)	C$96.58 (-6.1% Downside)
ENB Enbridge	Energy	C$66.33 -0.6%	21.56	C$143.75 billion	Moderate Buy (Score: 2.75)	C$67.07 (1.1% Upside)
BMO Bank of Montreal	Financial Services	C$158.68 +1.4%	15.66	C$114.93 billion	Hold (Score: 2.25)	C$151.54 (-4.5% Downside)
BAM Brookfield Asset Management	Financial Services	C$84.47 +2.9%	29.06	C$99.17 billion	Buy (Score: 3.00)	C$79.00 (-6.5% Downside)
BNS Bank of Nova Scotia	Financial Services	C$79.70 +1.3%	12.59	C$97.67 billion	Hold (Score: 2.43)	C$80.62 (1.1% Upside)
BN Brookfield	Financial Services	C$91.16 +2.3%	108.35	C$96.89 billion	Strong Buy (Score: 3.50)	C$81.00 (-11.1% Downside)
CP Canadian Pacific Kansas City	Industrials	C$103.48 +1.6%	27.32	C$96.72 billion	Buy (Score: 3.00)	C$119.46 (15.4% Upside)
CM Canadian Imperial Bank of Commerce	Financial Services	C$101.22 -0.4%	13.37	C$94.70 billion	Moderate Buy (Score: 2.58)	C$99.46 (-1.7% Downside)
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CNQ Canadian Natural Resources	Energy	C$43.07 +2.7%	11.96	C$90.39 billion	Moderate Buy (Score: 2.77)	C$54.75 (27.1% Upside)
CNR Canadian National Railway	Industrials	C$132.58 +1.4%	14.33	C$83.07 billion	Moderate Buy (Score: 2.58)	C$155.79 (17.5% Upside)
TRI Thomson Reuters	Industrials	C$246.86 +0.8%	37.17	C$77.99 billion	Moderate Buy (Score: 2.89)	C$263.80 (6.9% Upside)
NGT Newmont	Basic Materials	C$97.79 +0.4%	-64.61	C$77.79 billion	Buy (Score: 3.08)	C$62.50 (-36.1% Downside)
MFC Manulife Financial	Financial Services	C$42.49 +1.7%	13.22	C$74.53 billion	Moderate Buy (Score: 2.71)	C$47.75 (12.4% Upside)
TRP TC Energy	Energy	C$70.80 -1.1%	14.08	C$73.01 billion	Moderate Buy (Score: 2.75)	C$74.42 (5.1% Upside)
SU Suncor Energy	Energy	C$55.28 +1.8%	8.73	C$69.33 billion	Moderate Buy (Score: 2.67)	C$63.00 (14.0% Upside)
CSU Constellation Software	Computer and Technology	C$4,549.91 +2.5%	108.11	C$68.76 billion	Buy (Score: 3.17)	C$5,521.43 (21.4% Upside)
AEM Agnico Eagle Mines	Basic Materials	C$189.83 +0.1%	66.69	C$67.12 billion	Strong Buy (Score: 3.50)	C$163.33 (-14.0% Downside)
IMO Imperial Oil	Energy	C$120.77 +2.8%	12.97	C$63.05 billion	Reduce (Score: 1.80)	C$106.00 (-12.2% Downside)
NA National Bank of Canada	Financial Services	C$151.55 +0.5%	13.44	C$59.09 billion	Hold (Score: 2.27)	C$142.08 (-6.2% Downside)
DOL Dollarama	Consumer Defensive	C$193.35 -1.9%	49.25	C$53.43 billion	Moderate Buy (Score: 2.82)	C$187.79 (-2.9% Downside)
GWO Great-West Lifeco	Financial Services	C$55.23 +0.2%	12.64	C$51.42 billion	Moderate Buy (Score: 2.50)	C$56.67 (2.6% Upside)
IFC Intact Financial	Financial Services	C$279.49 -0.8%	21.64	C$49.72 billion	Moderate Buy (Score: 2.63)	C$322.20 (15.3% Upside)
SLF Sun Life Financial	Financial Services	C$81.49 -0.2%	12.29	C$46.55 billion	Hold (Score: 2.33)	C$86.67 (6.4% Upside)
WCN Waste Connections	Industrials	C$255.55 -1.5%	49.39	C$46.45 billion	Buy (Score: 3.43)	C$265.00 (3.7% Upside)
ATD Alimentation Couche-Tard	Consumer Cyclical	C$69.70 -0.9%	18.18	C$46.31 billion	Buy (Score: 3.08)	C$83.92 (20.4% Upside)
CCO Cameco	Energy	C$103.61 +4.4%	391.47	C$45.60 billion	Buy (Score: 3.31)	C$107.08 (3.3% Upside)
ABX Barrick Gold	Basic Materials	C$36.25 +2.1%	27.29	C$44.06 billion	Buy (Score: 3.00)	C$33.14 (-8.6% Downside)
WPM Wheaton Precious Metals	Basic Materials	C$132.16 +0.7%	68.77	C$41.91 billion	Buy (Score: 3.22)	C$110.86 (-16.1% Downside)
CVE Cenovus Energy	Energy	C$22.68 +7.1%	11.18	C$41.31 billion	Moderate Buy (Score: 2.82)	C$27.17 (19.8% Upside)
FFH Fairfax Financial	Financial Services	C$2,427.89 +0.3%	9.30	C$38.94 billion	Moderate Buy (Score: 2.83)	C$2,742.86 (13.0% Upside)
POW Power Co. of Canada	Financial Services	C$57.76 -0.4%	16.31	C$36.92 billion	Hold (Score: 2.33)	C$59.25 (2.6% Upside)
WSP WSP Global	Industrials	C$285.87 +1.1%	54.63	C$36.88 billion	Buy (Score: 3.11)	C$304.69 (6.6% Upside)
FNV Franco-Nevada	Basic Materials	C$255.86 +1.2%	-55.26	C$34.72 billion	Strong Buy (Score: 3.50)	C$237.00 (-7.4% Downside)
FTS Fortis	Utilities	C$70.05 -0.8%	20.79	C$34.65 billion	Hold (Score: 2.20)	C$68.82 (-1.8% Downside)
T TELUS	Communication Services	C$22.94 -0.3%	37.22	C$34.54 billion	Hold (Score: 2.45)	C$23.18 (1.1% Upside)
BCE BCE	Communication Services	C$35.24 -1.3%	118.22	C$31.92 billion	Hold (Score: 2.31)	C$34.67 (-1.6% Downside)
PPL Pembina Pipeline	Energy	C$52.64 +0.1%	15.28	C$30.43 billion	Moderate Buy (Score: 2.75)	C$57.91 (10.0% Upside)
H Hydro One	Utilities	C$50.65 -0.7%	26.71	C$30.37 billion	Hold (Score: 2.11)	C$51.00 (0.7% Upside)
The Coin That Could Define Trump’s Crypto Presidency (Ad) When Trump returned to office, one of his first moves was to tap PayPal’s former COO, David Sacks, as a top advisor on crypto and AI. That alone signaled a shift. But insiders close to D.C. aren’t just talking crypto policy—they’re quietly buying something most retail investors have missed. While the crowd chases Bitcoin to $150,000, Weiss Ratings expert Juan Villaverde believes a different coin—already backed by giants like Google, Visa, and PayPal—could soon become crypto’s “Third Giant.” Discover the coin that could define Trump’s crypto presidency.
NTR Nutrien	Basic Materials	C$80.05 -0.1%	37.69	C$27.56 billion	Hold (Score: 2.38)	N/A
GIB.A CGI	Computer and Technology	C$134.08 +1.7%	18.75	C$27.32 billion	Buy (Score: 3.00)	C$179.40 (33.8% Upside)
GFL GFL Environmental	Industrials	C$70.56 -0.2%	-46.31	C$27.23 billion	Strong Buy (Score: 4.00)	N/A
TECK.B Teck Resources	Basic Materials	C$46.49 +5.3%	16.66	C$23.80 billion	Moderate Buy (Score: 2.67)	C$63.19 (35.9% Upside)
K Kinross Gold	Basic Materials	C$27.10 -0.1%	31.90	C$23.56 billion	Buy (Score: 3.33)	C$21.25 (-21.6% Downside)
VFV Vanguard S&P 500 Index ETF		C$158.75 +0.9%	0.00	C$23.03 billion	N/A (Score: 0.00)	N/A
CLS Celestica	Computer and Technology	C$261.42 +3.6%	59.56	C$22.12 billion	Buy (Score: 3.29)	C$127.00 (-51.4% Downside)
MRU Metro	Consumer Defensive	C$99.78 -2.3%	23.03	C$22.07 billion	Hold (Score: 2.43)	C$110.13 (10.4% Upside)
TOU Tourmaline Oil	Energy	C$57.40 +0.0%	12.96	C$21.39 billion	Moderate Buy (Score: 2.71)	C$74.50 (29.8% Upside)
RCI.B Rogers Communications	Business Services	C$49.30 -0.4%	30.25	C$20.79 billion	Moderate Buy (Score: 2.80)	C$53.79 (9.1% Upside)
RBA RB Global	Industrials	C$160.87 0.0%	70.68	C$20.78 billion	Buy (Score: 3.00)	N/A
QSR Restaurant Brands International	Consumer Cyclical	C$87.61 -1.2%	17.57	C$19.89 billion	Moderate Buy (Score: 2.50)	N/A
BIP.UN Brookfield Infrastructure Partners	Utilities	C$42.37 +1.6%	-235.39	C$19.56 billion	N/A (Score: 0.00)	N/A
EMA Emera	Utilities	C$66.33 -1.0%	25.71	C$19.45 billion	Moderate Buy (Score: 2.55)	C$64.33 (-3.0% Downside)
STN Stantec	Industrials	C$153.25 +1.9%	51.14	C$17.47 billion	Buy (Score: 3.00)	C$155.50 (1.5% Upside)
L Loblaw Companies	Consumer Defensive	C$56.88 -3.2%	7.72	C$17.20 billion	Moderate Buy (Score: 2.75)	C$199.25 (250.3% Upside)
ARX ARC Resources	Energy	C$26.90 -0.2%	14.19	C$15.83 billion	Buy (Score: 3.00)	C$33.25 (23.6% Upside)
X TMX Group	Financial Services	C$55.93 -0.1%	32.29	C$15.55 billion	Hold (Score: 2.43)	C$59.81 (6.9% Upside)
XIU iShares S&P/TSX 60 Index ETF		C$42.63 +0.9%	0.00	C$15.07 billion	N/A (Score: 0.00)	N/A
SAP Saputo	Consumer Defensive	C$33.79 -0.2%	-90.47	C$14.24 billion	Moderate Buy (Score: 2.86)	C$34.63 (2.5% Upside)
BBD.B Bombardier, Inc. Class B	Industrials	C$164.48 -0.1%	42.61	C$14.23 billion	Moderate Buy (Score: 2.73)	C$179.00 (8.8% Upside)
IAG iA Financial	Financial Services	C$151.06 +0.7%	14.39	C$14.17 billion	Moderate Buy (Score: 2.70)	C$145.88 (-3.4% Downside)
CCL.B CCL Industries	Consumer Cyclical	C$83.91 +1.1%	22.32	C$14.02 billion	Buy (Score: 3.00)	C$91.43 (9.0% Upside)
LUG Lundin Gold	Basic Materials	C$79.54 +0.7%	44.65	C$13.58 billion	Reduce (Score: 1.92)	C$58.95 (-25.9% Downside)
FM First Quantum Minerals	Basic Materials	C$23.47 +4.3%	-8.67	C$13.32 billion	Moderate Buy (Score: 2.58)	C$23.65 (0.8% Upside)
MG Magna International	Consumer Cyclical	C$63.72 +3.6%	11.97	C$12.89 billion	Reduce (Score: 1.80)	C$61.00 (-4.3% Downside)
ALA AltaGas	Energy	C$42.17 +0.6%	24.44	C$12.55 billion	Moderate Buy (Score: 2.67)	C$44.33 (5.1% Upside)
CAE CAE	Industrials	C$37.84 +1.3%	-36.29	C$12.10 billion	Moderate Buy (Score: 2.83)	C$41.82 (10.5% Upside)
TNX TRX Gold	Basic Materials	C$43.30 +0.8%	47.00	C$12.08 billion	N/A (Score: 0.00)	N/A
TIH Toromont Industries	Industrials	C$144.71 +1.2%	23.50	C$11.80 billion	Moderate Buy (Score: 2.78)	C$140.50 (-2.9% Downside)
OGC OceanaGold	Basic Materials	C$23.74 +2.6%	192.52	C$11.79 billion	Buy (Score: 3.00)	C$20.58 (-13.3% Downside)
IGM IGM Financial	Financial Services	C$48.75 +0.5%	12.49	C$11.62 billion	Hold (Score: 2.33)	C$52.29 (7.3% Upside)
AGI Alamos Gold	Basic Materials	C$39.27 +1.6%	46.76	C$11.61 billion	Buy (Score: 3.33)	C$44.45 (13.2% Upside)
PAAS Pan American Silver	Basic Materials	C$45.15 +1.3%	-242.07	C$11.52 billion	Buy (Score: 3.00)	C$52.50 (16.3% Upside)
WN George Weston	Consumer Defensive	C$88.17 -4.1%	17.65	C$11.45 billion	Moderate Buy (Score: 2.80)	C$101.00 (14.6% Upside)
IVN Ivanhoe Mines	Basic Materials	C$11.71 +5.0%	70.80	C$11.10 billion	Buy (Score: 3.00)	C$15.50 (32.4% Upside)
ZCN BMO S&P/TSX Capped Composite Index ETF		C$37.99 +1.0%	0.00	C$11.10 billion	N/A (Score: 0.00)	N/A
EFN Element Fleet Management	Industrials	C$36.63 +0.4%	30.40	C$10.50 billion	Moderate Buy (Score: 2.88)	C$40.00 (9.2% Upside)
KEY Keyera	Energy	C$45.45 +0.0%	23.42	C$10.47 billion	Buy (Score: 3.00)	C$50.92 (12.0% Upside)
OVV Ovintiv	Energy	C$56.59 +3.7%	5.19	C$10.29 billion	Strong Buy (Score: 4.00)	N/A
PHYS.U Sprott Physical Gold Trust		C$25.88 +0.9%	0.00	C$10.28 billion	N/A (Score: 0.00)	N/A
BEP.UN Brookfield Renewable Partners	Utilities	C$35.16 +2.1%	-40.41	C$10.02 billion	Hold (Score: 2.00)	C$42.00 (19.5% Upside)
ZAG BMO Aggregate Bond Index ETF		C$13.72 +0.3%	0.00	C$9.60 billion	N/A (Score: 0.00)	N/A
VCN Vanguard FTSE Canada All Cap Index ETF		C$57.97 +1.0%	0.00	C$9.60 billion	N/A (Score: 0.00)	N/A
LUN Lundin Mining	Basic Materials	C$15.69 +3.0%	31.14	C$9.59 billion	Moderate Buy (Score: 2.86)	C$16.25 (3.5% Upside)
CTC Canadian Tire	Consumer Cyclical	C$249.00	14.29	C$9.53 billion	Reduce (Score: 1.75)	C$140.00 (-43.8% Downside)
ATZ Aritzia	Consumer Cyclical	C$79.41 +4.3%	69.77	C$9.47 billion	Moderate Buy (Score: 2.78)	C$85.70 (7.9% Upside)
BNC Purpose Canadian Financial Income Fund Series ETF	Finance	C$30.00 +0.6%	0.00	C$9.11 billion	N/A (Score: 0.00)	N/A
VUN Vanguard U.S. Total Market Index ETF		C$119.52 +1.1%	0.00	C$9.02 billion	N/A (Score: 0.00)	N/A
CTC.A Canadian Tire	Consumer Cyclical	C$170.09 +1.8%	24.83	C$8.88 billion	Hold (Score: 2.14)	C$173.22 (1.8% Upside)
Trump’s national nightmare is here (Ad) Porter Stansberry and Jeff Brown say a new U.S. national emergency is already underway — and it could trigger the biggest forced rotation of capital since World War II. They reveal why Trump is mobilizing America’s tech giants… and name the two stocks most likely to soar as trillions shift behind the scenes. Watch the National Emergency broadcast here
FSV FirstService	Real Estate	C$276.50 +0.7%	80.90	C$8.77 billion	Hold (Score: 2.00)	C$197.00 (-28.8% Downside)
DSG The Descartes Systems Group	Computer and Technology	C$140.22 +1.7%	61.58	C$8.49 billion	Strong Buy (Score: 3.50)	N/A
GIL Gildan Activewear	Consumer Cyclical	C$77.05 +2.2%	20.66	C$8.37 billion	Buy (Score: 3.29)	C$73.00 (-5.3% Downside)
DFY Definity Financial	Financial Services	C$72.49 -0.6%	15.35	C$8.36 billion	Hold (Score: 2.17)	C$74.20 (2.4% Upside)
CPX Capital Power	Utilities	C$59.15 -1.3%	14.05	C$8.35 billion	Moderate Buy (Score: 2.82)	C$65.78 (11.2% Upside)
OTEX Open Text	Computer and Technology	C$45.15 +1.7%	12.77	C$8.33 billion	N/A (Score: 0.00)	N/A
SCR Strathcona Resources	Energy	C$38.92 +0.2%	22.45	C$8.33 billion	Moderate Buy (Score: 2.56)	C$34.86 (-10.4% Downside)
GLXY Galaxy Digital	Financial Services	C$35.35 +6.3%	2.92	C$8.33 billion	Buy (Score: 3.00)	C$24.50 (-30.7% Downside)
EDV Endeavour Mining	Basic Materials	C$47.62 +0.7%	-23.84	C$8.13 billion	Buy (Score: 3.14)	C$31.40 (-34.1% Downside)
CIGI Colliers International Group	Real Estate	C$231.51 +2.5%	53.58	C$8.06 billion	N/A (Score: 0.00)	C$180.00 (-22.2% Downside)
TFII TFI International	Industrials	C$133.86 +5.7%	16.98	C$7.98 billion	Moderate Buy (Score: 2.67)	C$151.50 (13.2% Upside)
OR Osisko Gold Royalties	Basic Materials	C$42.71 +0.2%	-145.10	C$7.98 billion	Buy (Score: 3.00)	C$38.33 (-10.2% Downside)
CU Canadian Utilities	Utilities	C$38.55 +0.1%	20.83	C$7.88 billion	Hold (Score: 2.00)	C$39.20 (1.7% Upside)
FTT Finning International	Industrials	C$56.77 +1.2%	15.88	C$7.80 billion	Moderate Buy (Score: 2.88)	C$59.44 (4.7% Upside)
EMP.A Empire	Consumer Defensive	C$54.01 -3.1%	19.71	C$7.58 billion	Hold (Score: 2.43)	C$57.57 (6.6% Upside)
MEG MEG Energy	Energy	C$27.90 +1.2%	14.78	C$7.23 billion	Moderate Buy (Score: 2.60)	C$30.61 (9.7% Upside)
AC Air Canada	Industrials	C$19.81 +2.4%	2.79	C$7.07 billion	Moderate Buy (Score: 2.83)	C$25.63 (29.4% Upside)
VGRO Vanguard Growth ETF Portfolio		C$40.81 +1.0%	0.00	C$7.02 billion	N/A (Score: 0.00)	N/A
CAR.UN Canadian Apartment Properties REIT	Real Estate	C$41.37 +0.6%	-129.28	C$6.92 billion	Hold (Score: 2.40)	C$52.29 (26.4% Upside)
PKI Parkland	Energy	C$38.60 +0.6%	27.81	C$6.73 billion	Hold (Score: 2.44)	C$43.73 (13.3% Upside)
QBR.B Quebecor	Business Services	C$40.62 -0.5%	12.81	C$6.41 billion	Moderate Buy (Score: 2.80)	C$40.97 (0.9% Upside)
WCP Whitecap Resources	Energy	C$10.20 +1.6%	6.88	C$5.96 billion	Buy (Score: 3.14)	C$13.13 (28.7% Upside)
DOO BRP	Consumer Cyclical	C$80.65 +4.7%	30.40	C$5.93 billion	Hold (Score: 2.36)	C$68.38 (-15.2% Downside)
ONEX Onex	Financial Services	C$116.86 +2.7%	9.28	C$5.86 billion	Buy (Score: 3.00)	C$139.33 (19.2% Upside)
WFG West Fraser Timber	Basic Materials	C$105.03 +4.3%	-62.80	C$5.85 billion	Moderate Buy (Score: 2.50)	C$142.00 (35.2% Upside)
NPI Northland Power	Utilities	C$22.28 +0.8%	-40.82	C$5.85 billion	Buy (Score: 3.00)	C$27.08 (21.6% Upside)
RCI.A Rogers Communications	Communication Services	C$52.44 +0.7%	32.17	C$5.83 billion	N/A (Score: 0.00)	C$69.00 (31.6% Upside)
PSK PrairieSky Royalty	Energy	C$24.19 -0.1%	26.79	C$5.77 billion	Moderate Buy (Score: 2.75)	C$29.86 (23.4% Upside)
NXE NexGen Energy	Energy	C$9.80 +7.3%	37.52	C$5.55 billion	Buy (Score: 3.40)	C$13.16 (34.2% Upside)
REI.UN RioCan Real Estate Investment Trust	Real Estate	C$18.38 +1.8%	91.90	C$5.51 billion	Moderate Buy (Score: 2.80)	C$20.30 (10.4% Upside)
MDA MDA Space	Industrials	C$44.20 -0.4%	78.56	C$5.39 billion	Buy (Score: 3.17)	C$43.22 (-2.2% Downside)
VAB Vanguard Canadian Aggregate Bond Index ETF		C$22.83 +0.3%	0.00	C$5.37 billion	N/A (Score: 0.00)	N/A
CS Capstone Copper	Basic Materials	C$9.66 +3.9%	-247.30	C$5.16 billion	Buy (Score: 3.13)	C$12.19 (26.2% Upside)
GRT.UN Granite Real Estate Investment Trust	Real Estate	C$81.87 +2.0%	22.55	C$5.14 billion	Buy (Score: 3.00)	C$87.43 (6.8% Upside)
BTO B2Gold	Basic Materials	C$5.51 +1.7%	-6.34	C$5.09 billion	Hold (Score: 2.40)	C$6.75 (22.5% Upside)
ACO.X ATCO	Utilities	C$50.95 -0.8%	14.90	C$5.08 billion	Hold (Score: 2.00)	C$54.70 (7.4% Upside)
PRU Perseus Mining	Basic Materials	C$3.30 +2.2%	10.29	C$5.05 billion	Strong Buy (Score: 4.00)	C$2.70 (-18.2% Downside)
TA TransAlta	Utilities	C$16.75 -2.1%	23.87	C$5.03 billion	Buy (Score: 3.11)	C$19.22 (14.8% Upside)
HXS Horizons S&P 500 Index ETF		C$92.09 +1.0%	0.00	C$5.02 billion	N/A (Score: 0.00)	N/A
CSH.UN Chartwell Retirement Residences	Real Estate	C$18.25 -0.3%	-107.35	C$4.95 billion	Buy (Score: 3.00)	C$21.07 (15.5% Upside)
IMG IAMGOLD	Basic Materials	C$12.13 +3.0%	6.29	C$4.93 billion	Buy (Score: 3.29)	C$13.50 (11.3% Upside)
BEPC Brookfield Renewable	Utilities	C$47.31 +1.9%	-23.90	C$4.86 billion	N/A (Score: 0.00)	N/A
CHP.UN Choice Properties Real Est Invstmnt Trst	Real Estate	C$14.64 +0.1%	16.45	C$4.80 billion	Moderate Buy (Score: 2.67)	C$16.00 (9.3% Upside)
ELD Eldorado Gold	Basic Materials	C$32.52 +1.3%	16.93	C$4.69 billion	Strong Buy (Score: 3.50)	C$31.75 (-2.4% Downside)
BIPC Brookfield Infrastructure	Utilities	C$55.96 +3.2%	-8.22	C$4.68 billion	N/A (Score: 0.00)	N/A
CIX CI Financial	Financial Services	C$31.99	-66.69	C$4.61 billion	Reduce (Score: 1.75)	C$29.36 (-8.2% Downside)
ZLB BMO Low Volatility Canadian Equity ETF		$54.99 -0.2%	0.00	$4.60 billion	N/A (Score: 0.00)	N/A
PSA Purpose High Interest Savings Fund	Finance	C$50.10 +0.0%	0.00	C$4.53 billion	N/A (Score: 0.00)	N/A
HBM Hudbay Minerals	Basic Materials	C$16.28 +3.9%	45.84	C$4.52 billion	Buy (Score: 3.30)	C$16.83 (3.4% Upside)
HXT Horizons S&P/TSX 60 Index ETF		C$74.38 +0.9%	0.00	C$4.49 billion	N/A (Score: 0.00)	N/A
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LNR Linamar	Consumer Cyclical	C$73.37 +2.4%	7.66	C$4.49 billion	Hold (Score: 2.20)	C$78.60 (7.1% Upside)
MFI Maple Leaf Foods	Consumer Defensive	C$35.65 +0.0%	131.56	C$4.46 billion	Buy (Score: 3.00)	C$37.36 (4.8% Upside)
SJ Stella-Jones	Basic Materials	C$78.13 +1.5%	13.65	C$4.37 billion	Buy (Score: 3.00)	C$84.50 (8.2% Upside)
AQN Algonquin Power & Utilities	Utilities	C$8.04	-4.03	C$4.36 billion	Hold (Score: 2.00)	C$6.38 (-20.7% Downside)
CGG China Gold International Resources	Basic Materials	C$15.48 -1.6%	-191.73	C$4.31 billion	N/A (Score: 0.00)	N/A
GEI Gibson Energy	Energy	C$26.17 +1.7%	20.18	C$4.27 billion	Moderate Buy (Score: 2.58)	C$26.50 (1.3% Upside)
PBH Premium Brands	Consumer Defensive	C$95.72 +0.1%	42.61	C$4.27 billion	Buy (Score: 3.00)	C$111.18 (16.2% Upside)
NGD New Gold	Basic Materials	C$7.67 +1.1%	209.90	C$4.22 billion	Buy (Score: 3.00)	C$5.45 (-28.9% Downside)
AG First Majestic Silver	Basic Materials	C$12.45 +2.8%	-32.28	C$4.21 billion	Hold (Score: 2.33)	C$22.17 (78.0% Upside)
ZEB BMO Equal Weight Banks Index ETF		C$48.43 +0.6%	0.00	C$4.19 billion	N/A (Score: 0.00)	N/A
FCR.UN First Capital Real Estate Investment Trust	Real Estate	C$19.17 +0.6%	-66.10	C$4.07 billion	Moderate Buy (Score: 2.88)	C$20.86 (8.8% Upside)
WEF Western Forest Products	Basic Materials	C$12.58 +2.4%	-91.18	C$3.98 billion	Hold (Score: 2.00)	C$13.38 (6.3% Upside)
EQB EQB	Financial Services	C$101.38 +1.6%	15.81	C$3.92 billion	Hold (Score: 2.44)	C$117.70 (16.1% Upside)
SRU.UN SmartCentres Real Estate Investment Trst	Real Estate	C$27.07 +0.7%	16.51	C$3.92 billion	Moderate Buy (Score: 2.50)	C$27.63 (2.1% Upside)
KXS Kinaxis	Computer and Technology	C$194.59 -0.1%	193.13	C$3.91 billion	Moderate Buy (Score: 2.67)	C$216.43 (11.2% Upside)
TPZ Topaz Energy	Energy	C$25.31 +0.1%	59.43	C$3.87 billion	Moderate Buy (Score: 2.80)	C$31.80 (25.6% Upside)
SES Secure Energy Services	Industrials	C$16.60 +1.5%	6.50	C$3.86 billion	Moderate Buy (Score: 2.90)	C$18.31 (10.3% Upside)
PEY Peyto Exploration & Development	Energy	C$19.02 +0.5%	12.82	C$3.78 billion	Moderate Buy (Score: 2.50)	C$20.92 (10.0% Upside)
VDY Vanguard FTSE Canadian High Dividend Yield Index ETF	Manufacturing	C$54.67 +0.7%	0.00	C$3.76 billion	N/A (Score: 0.00)	N/A
ATS ATS	Industrials	C$38.06 +2.7%	41.93	C$3.74 billion	Moderate Buy (Score: 2.80)	C$47.60 (25.1% Upside)
EIF Exchange Income	Industrials	C$73.55 +1.4%	28.81	C$3.67 billion	Buy (Score: 3.07)	C$79.68 (8.3% Upside)
EQX Equinox Gold	Basic Materials	C$11.07 +0.5%	11.74	C$3.56 billion	Buy (Score: 3.33)	C$11.00 (-0.6% Downside)
VEQT Vanguard All-Equity ETF Portfolio		C$50.80 +1.2%	0.00	C$3.54 billion	N/A (Score: 0.00)	N/A
zwb BMO Covered Call Canadian Banks ETF (ZWB.TO)		C$21.65 +0.6%	0.00	C$3.54 billion	N/A (Score: 0.00)	N/A
GSY goeasy	Financial Services	C$209.13 +2.2%	12.71	C$3.51 billion	Moderate Buy (Score: 2.86)	C$221.25 (5.8% Upside)
BEI.UN Boardwalk Real Estate Investment Trust	Real Estate	C$70.03 +0.6%	5.18	C$3.46 billion	Moderate Buy (Score: 2.63)	C$83.44 (19.1% Upside)
DIR.UN Dream Industrial Real Estate Invest Trst	Real Estate	C$12.41 +1.2%	20.34	C$3.43 billion	Moderate Buy (Score: 2.67)	C$14.45 (16.4% Upside)
BYD Boyd Group Services	Consumer Cyclical	C$224.13 +1.2%	82.55	C$3.40 billion	Buy (Score: 3.18)	C$259.18 (15.6% Upside)
SSRM SSR Mining	Basic Materials	C$23.66 +0.6%	-6.95	C$3.37 billion	Hold (Score: 2.00)	C$24.38 (3.0% Upside)
OLA Orla Mining	Basic Materials	C$14.44 +0.3%	308.64	C$3.27 billion	Buy (Score: 3.00)	C$14.75 (2.1% Upside)
BTCC Purpose Bitcoin CAD ETF Currency Hedged Units		C$21.25 +4.4%	0.00	C$3.21 billion	N/A (Score: 0.00)	N/A
ATH Athabasca Oil	Energy	C$6.13 +3.9%	14.42	C$3.19 billion	Hold (Score: 2.00)	C$6.10 (-0.5% Downside)
DPM Dundee Precious Metals	Basic Materials	C$25.75 +0.9%	16.22	C$3.18 billion	Buy (Score: 3.00)	C$23.28 (-9.6% Downside)
SSL Sandstorm Gold	Basic Materials	C$15.16 +0.7%	100.88	C$3.18 billion	Hold (Score: 2.20)	C$12.70 (-16.2% Downside)
HR.UN H&R Real Estate Investment Trust	Real Estate	C$12.11 +1.2%	-14.77	C$3.17 billion	Moderate Buy (Score: 2.75)	C$13.25 (9.4% Upside)
QBR.A Quebecor	Business Services	C$40.99 +0.9%	12.93	C$3.14 billion	N/A (Score: 0.00)	N/A
BLX Boralex	Utilities	C$29.76 +0.7%	43.63	C$3.10 billion	Buy (Score: 3.17)	C$39.00 (31.0% Upside)
NVA NuVista Energy	Energy	C$14.86 +1.9%	10.39	C$3.04 billion	Buy (Score: 3.14)	C$17.43 (17.3% Upside)
POU Paramount Resources	Energy	C$20.24 +2.0%	8.29	C$3.01 billion	Moderate Buy (Score: 2.75)	C$24.33 (20.2% Upside)
TVE Tamarack Valley Energy	Energy	C$5.49 +1.9%	14.06	C$2.90 billion	Moderate Buy (Score: 2.88)	C$6.33 (15.4% Upside)
FN First National Financial	Financial Services	C$48.17 -0.1%	15.69	C$2.90 billion	Reduce (Score: 1.67)	C$45.40 (-5.8% Downside)
AIF Altus Group	Real Estate	C$61.57 +1.9%	1,077.36	C$2.87 billion	Moderate Buy (Score: 2.60)	C$60.20 (-2.2% Downside)
BBU.UN Brookfield Business Partners	Industrials	C$38.44 +3.5%	4.29	C$2.86 billion	N/A (Score: 0.00)	N/A
TVK TerraVest Industries	Energy	C$144.32 -0.8%	42.58	C$2.83 billion	Moderate Buy (Score: 2.71)	C$181.00 (25.4% Upside)
INE Innergex Renewable Energy	Utilities	C$13.74	-22.04	C$2.82 billion	Hold (Score: 2.00)	C$11.59 (-15.6% Downside)
EIT.UN Canoe EIT Income Fund		C$15.28 -0.3%	6.80	C$2.77 billion	N/A (Score: 0.00)	N/A
PET Pet Valu	Consumer Cyclical	C$38.33 +0.8%	31.60	C$2.73 billion	Buy (Score: 3.10)	C$40.22 (4.9% Upside)
BHC Bausch Health Companies	Medical	C$10.38 -0.5%	-15.19	C$2.70 billion	Hold (Score: 2.00)	N/A
CCA Cogeco Communications	Communication Services	C$63.39 +0.1%	7.67	C$2.66 billion	Hold (Score: 2.33)	C$75.67 (19.4% Upside)
XBB iShares Core Canadian Universe Bond Index ETF		C$28.01 +0.4%	0.00	C$2.60 billion	N/A (Score: 0.00)	N/A
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DML Denison Mines	Energy	C$2.88 +6.3%	-95.86	C$2.60 billion	Buy (Score: 3.25)	C$3.53 (22.7% Upside)
TXG Torex Gold Resources	Basic Materials	C$42.72 +3.0%	22.97	C$2.59 billion	Buy (Score: 3.22)	C$59.89 (40.2% Upside)
WDO Wesdome Gold Mines	Basic Materials	C$17.04 +1.2%	31.80	C$2.59 billion	Moderate Buy (Score: 2.67)	C$20.70 (21.5% Upside)
KNT K92 Mining	Basic Materials	C$15.05 +1.6%	33.15	C$2.53 billion	Strong Buy (Score: 4.00)	N/A
VXC Vanguard FTSE Global All Cap ex Canada Index ETF		C$70.74 +1.1%	0.00	C$2.49 billion	N/A (Score: 0.00)	N/A
ZQQ BMO Nasdaq 100 Equity Hedged to CAD Index ETF		C$161.95 +1.6%	0.00	C$2.45 billion	N/A (Score: 0.00)	N/A
NWC North West	Consumer Defensive	C$50.69 -1.5%	18.64	C$2.44 billion	Buy (Score: 3.20)	C$60.75 (19.8% Upside)
RUS Russel Metals	Industrials	C$41.69 +1.4%	13.43	C$2.39 billion	Buy (Score: 3.00)	C$52.20 (25.2% Upside)
AP.UN Allied Properties Real Estate Investment Trust	Real Estate	C$18.59 +1.9%	-5.04	C$2.38 billion	Hold (Score: 2.22)	C$17.64 (-5.1% Downside)
MAG MAG Silver	Basic Materials	C$32.75 +0.9%	31.82	C$2.37 billion	Hold (Score: 2.00)	C$27.19 (-17.0% Downside)
MX Methanex	Basic Materials	C$49.79 +5.8%	15.65	C$2.37 billion	Buy (Score: 3.20)	C$46.50 (-6.6% Downside)
XGD iShares S&P/TSX Global Gold Index ETF		C$36.83 +0.9%	0.00	C$2.36 billion	N/A (Score: 0.00)	N/A
BTE Baytex Energy	Energy	C$2.95 +5.0%	-6.71	C$2.33 billion	Hold (Score: 2.40)	C$4.68 (58.7% Upside)
SKE Skeena Resources	Basic Materials	C$21.14 +1.0%	-12.77	C$2.32 billion	Strong Buy (Score: 3.50)	C$23.00 (8.8% Upside)
FVI Fortuna Silver Mines	Basic Materials	C$10.45 +2.3%	92.75	C$2.31 billion	Sell (Score: 1.33)	C$7.00 (-33.0% Downside)
IPCO International Petroleum	Energy	C$25.81 +0.8%	21.84	C$2.17 billion	Moderate Buy (Score: 2.50)	C$21.67 (-16.1% Downside)
HUT Hut 8	Financial Services	C$32.29 +8.7%	7.90	C$2.15 billion	Strong Buy (Score: 4.00)	N/A
BB BlackBerry	Computer and Technology	C$5.19 +2.4%	-16.72	C$2.15 billion	Buy (Score: 3.00)	C$4.75 (-8.5% Downside)
KMP.UN Killam Apartment REIT	Real Estate	C$18.01 +1.4%	6.93	C$2.14 billion	Buy (Score: 3.00)	C$21.64 (20.2% Upside)
AND Andlauer Healthcare Group	Industrials	C$53.18 -0.3%	32.02	C$2.12 billion	Reduce (Score: 1.67)	C$52.75 (-0.8% Downside)
SEA Seabridge Gold	Basic Materials	C$22.92 +0.6%	-162.31	C$2.11 billion	N/A (Score: 0.00)	N/A
LNF Leon's Furniture	Consumer Cyclical	C$30.48 +1.5%	15.89	C$2.10 billion	Moderate Buy (Score: 2.57)	C$32.20 (5.6% Upside)
RCH Richelieu Hardware	Consumer Cyclical	C$37.50 +4.3%	23.34	C$2.08 billion	Hold (Score: 2.00)	C$37.50
XSB iShares Core Canadian Short Term Bond Index ETF		C$26.96 +0.1%	0.00	C$2.07 billion	N/A (Score: 0.00)	N/A
EFR Energy Fuels	Energy	C$14.63 +12.0%	-48.58	C$2.04 billion	Buy (Score: 3.33)	N/A
FRU Freehold Royalties	Energy	C$13.53 +1.3%	15.33	C$2.03 billion	Hold (Score: 2.43)	C$15.40 (13.8% Upside)
BBD.A Bombardier	Industrials	C$164.48 +0.3%	42.61	C$2.03 billion	N/A (Score: 0.00)	N/A
ORA Aura Minerals	Basic Materials	C$38.88 +1.4%	-37.60	C$2.01 billion	Strong Buy (Score: 4.00)	N/A
NG NovaGold Resources	Basic Materials	C$8.40 +1.2%	-43.85	C$2.00 billion	Buy (Score: 3.00)	N/A
CIA Champion Iron	Basic Materials	C$3.87 +2.7%	15.48	C$2.00 billion	Buy (Score: 3.17)	C$6.00 (55.0% Upside)
IIP.UN InterRent Real Estate Investment Trust	Real Estate	C$13.36 +0.5%	-668.00	C$1.98 billion	Hold (Score: 2.13)	C$13.27 (-0.7% Downside)
TSU Trisura Group	Financial Services	C$41.10 +0.3%	17.67	C$1.97 billion	Buy (Score: 3.00)	C$53.25 (29.6% Upside)
FIH.U Fairfax India	Finance	C$18.58 +0.4%	11.06	C$1.95 billion	N/A (Score: 0.00)	N/A
XDV iShares Canadian Select Dividend Index ETF		C$35.26 +0.5%	0.00	C$1.94 billion	N/A (Score: 0.00)	N/A
CEU CES Energy Solutions	Energy	C$8.37 +3.8%	9.77	C$1.87 billion	Buy (Score: 3.33)	C$10.54 (25.9% Upside)
MEQ Mainstreet Equity	Real Estate	C$199.51 -0.3%	9.91	C$1.86 billion	Strong Buy (Score: 3.50)	C$235.00 (17.8% Upside)
WPK Winpak	Consumer Cyclical	C$42.34 +1.3%	12.76	C$1.86 billion	Moderate Buy (Score: 2.75)	C$50.67 (19.7% Upside)
LSPD Lightspeed Commerce	Computer and Technology	C$16.93 +3.9%	-15.04	C$1.84 billion	Hold (Score: 2.40)	C$18.60 (9.9% Upside)
VCE Vanguard FTSE Canada Index ETF		C$61.67 +1.0%	0.00	C$1.83 billion	N/A (Score: 0.00)	N/A
CGL iShares Gold Bullion ETF (CAD-Hedged)		C$26.18 +0.9%	0.00	C$1.80 billion	N/A (Score: 0.00)	N/A
AAV Advantage Energy	Energy	C$10.87 +2.3%	39.58	C$1.80 billion	Moderate Buy (Score: 2.86)	C$12.83 (18.1% Upside)
CXB Calibre Mining	Basic Materials	C$2.99	55.92	C$1.80 billion	Buy (Score: 3.33)	C$3.67 (22.8% Upside)
BTCC.B Purpose Bitcoin ETF		C$22.65 +3.2%	0.00	C$1.80 billion	N/A (Score: 0.00)	N/A
CRT.UN CT Real Estate Investment Trust	Real Estate	C$16.22 -0.3%	17.63	C$1.76 billion	Hold (Score: 2.17)	C$16.42 (1.2% Upside)
ZWU BMO Covered Call Utilities ETF		C$11.47 -0.3%	0.00	C$1.75 billion	N/A (Score: 0.00)	N/A
SVI StorageVault Canada	Real Estate	C$4.76 +2.1%	-34.64	C$1.75 billion	Moderate Buy (Score: 2.63)	C$5.13 (7.7% Upside)
LIF Labrador Iron Ore Royalty	Basic Materials	C$26.90 +1.3%	8.81	C$1.73 billion	Hold (Score: 2.00)	C$33.50 (24.5% Upside)
AII Almonty Industries	Basic Materials	C$5.93 +0.2%	-86.10	C$1.73 billion	Strong Buy (Score: 4.00)	N/A
ZWC BMO CA High Dividend Covered Call ETF		C$19.13 +0.5%	0.00	C$1.73 billion	N/A (Score: 0.00)	N/A
TOY Spin Master	Consumer Cyclical	C$23.31 +2.1%	55.17	C$1.71 billion	Moderate Buy (Score: 2.60)	C$30.63 (31.4% Upside)
BIR Birchcliff Energy	Energy	C$6.30 +1.4%	110.35	C$1.71 billion	Buy (Score: 3.40)	C$7.41 (17.6% Upside)
EFX Enerflex	Energy	C$13.64 +1.3%	-14.82	C$1.70 billion	Moderate Buy (Score: 2.80)	C$16.88 (23.7% Upside)
HWX Headwater Exploration	Energy	C$6.94 +1.2%	8.90	C$1.64 billion	Buy (Score: 3.00)	C$8.17 (17.7% Upside)
CJT Cargojet	Industrials	C$102.41 +0.1%	718.72	C$1.64 billion	Buy (Score: 3.11)	C$148.00 (44.5% Upside)
CRR.UN Crombie Real Estate Investment Trust	Real Estate	C$15.11 +0.5%	-53.96	C$1.63 billion	Buy (Score: 3.00)	C$16.25 (7.5% Upside)
VET Vermilion Energy	Energy	C$10.51 +4.2%	-1.98	C$1.63 billion	Moderate Buy (Score: 2.50)	C$14.67 (39.5% Upside)
SII Sprott	Financial Services	C$90.33 +2.0%	35.20	C$1.61 billion	Buy (Score: 3.00)	C$88.33 (-2.2% Downside)
CG Centerra Gold	Basic Materials	C$10.71 +4.2%	15.52	C$1.61 billion	Moderate Buy (Score: 2.78)	C$11.76 (9.8% Upside)
WTE Westshore Terminals Investment	Industrials	C$25.95 +0.1%	15.10	C$1.60 billion	N/A (Score: 0.00)	C$30.00 (15.6% Upside)
CFP Canfor	Basic Materials	C$13.31 +3.2%	-2.21	C$1.60 billion	Hold (Score: 2.29)	C$17.00 (27.7% Upside)

(Last Updated: 8/23/2025)

S&P TSX Stock Chart

Real-time charts and quotes provided by Trading View.

How to Invest in the Best Canadian Stocks

Written by Chris Markoch

Updated May 30, 2023

Why Buy Canadian Stocks?
How Have Canadian Stocks Performed?
What Are the Best Sectors of Canadian Stocks?
What Are the Risks of Investing in Canadian Stocks?
How to Buy Canadian Stocks
The Final Word on Investing in Canadian Stocks

Many investors understand the reasons for having a diversified portfolio. One way to accomplish this is to diversify within an asset class. For equity investors in the United States this can mean investing in both growth and value stocks.

It can also mean investing in international stocks. And when investors want to do this, they need look no further than our neighbor to the north. Canada has a range of stocks for investors to consider. This article will focus on strategies that investors can use when looking to invest in Canadian stocks.

Why Buy Canadian Stocks?

There are a few reasons for investors to consider Canadian stocks as part of their diversification strategy:

A Large Natural Resources Sector – The sheer size of the country and its location lets investors know that it is an area rich in natural resources. This also means that the country has a source of current and future wealth.

An Advanced Skills-Based Economy – In this regard, Canada is similar to other western nations. The difference is that it is not as common to find these skill-based professions in a country with so many natural resources.

Stability – Canada is not exempt from any problems that impact the global economy. However, the country is known for stable financial and business policies that have kept the economy relatively stable. This Goldilocks economy has meant that many Canadian stocks haven’t enjoyed the outsized growth of some U.S. equities. However, it also comes with a bit of protection against downside risk.

How Have Canadian Stocks Performed?

According to S&P Global Market Intelligence, there was a time when U.S. stocks and Canadian stocks performed nearly identically. Here’s a graph that shows the performance of the S&P 500 Index vs. the TSX Index
How to Invest in the Best Canadian Stocks

Source: S&P Global Market Intelligence

You can see that with a couple of exceptions, the two indexes performed remarkably similar. That all changed around 2012 and Canadian stocks became less attractive.

How to Invest in the Best Canadian Stocks

Source: S&P Global Market Intelligence

This disparity is widely due to one sector, technology. However, Canadian technology stocks have been on the rise. And in 2022, the country is benefiting from renewed interest in materials stocks as well as a spike in commodity prices.

What Are the Best Sectors of Canadian Stocks?

For different reasons finance, materials, and energy stocks are among the best performing stocks as of September 2022. Here’s a brief overview of each sector and some of the top names for investors to consider.

Financial – Similar to the United States, Canada has a strong banking industry. Many Canadian banks have a track record of solid performance that can provide long-term value to a portfolio. And several of these stocks pay dividends with attractive yields for investors.

This sector makes up the largest percentage of the TSX at roughly 30%. And the Royal Bank of Canada (NYSE:RY)is the top-weighted constituent in the TSX. Beyond the Royal Bank of Canada some of the other top-performing Canadian financial stocks include:

National Bank of Canada (OTCMKTS: NTIOF)
Toronto-Dominion Bank (NYSE: TD)
Bank of Nova Scotia (NYSE: BNS)
Canadian Imperial Bank of Commerce (NYSE: CM)
Bank of Montreal (NYSE: BMO)

Materials and Mining – Canadian stocks can be an ideal choice for investors looking to diversify into gold and precious metals without owning the physical metal. Canada has a large natural resources sector. So, it’s not surprising that there are a number of gold mining companies with Canadian origins. This sector also gives investors exposure to other components in the mining and agriculture sectors. This sector makes up approximately 11.5% of the TSX. Some of the top Canadian materials and mining stocks include:

B2Gold (NYSE: BTG)
Nutrien (NYSE: NTR)

Energy – Canadian stocks offer both traditional fossil fuel-based energy stocks as well as some renewable energy stocks. This sector makes up approximately 18.5% of the TSX. Some of the top Canadian energy stocks include:

Suncor Energy (NYSE: SU)
Enbridge (NYSE: ENB)
Algonquin Power & Utilities (NYSE: AQN)

Technology – As mentioned earlier, technology stocks have largely been the domain of the United States. As evidence of this, information technology stocks make up only about 5.5% of the TSX. However, there are a few Canadian companies that have become stars in the new economy being created. Some of the more popular names include:

Shopify (NYSE: SHOP)
Constellation Software (OTCMKTS: CNSWF)
Lightspeed Commerce (NYSE: LSPD)
Kinaxis (NYSE: KXS)
Blackberry (NYSE: BB)

What Are the Risks of Investing in Canadian Stocks?

One concern about investing in Canadian stocks is that they can be heavily weighted towards cyclical industries. For example, as of February 2022 financials (33.5%), energy (14.8%) and industrials (11.7%) made up nearly 60% of the index. That may be too much for some investors particularly because those sectors all tend to correlate roughly the same way as the economic cycle. But as a long-term play, Canadian stocks are worth considering with a small part of your portfolio.

How to Buy Canadian Stocks

Buy Individual Stocks on a Stock Exchange

Hundreds of Canadian stocks have dual listings on either the New York Stock Exchange (NYSE) or the NASDAQ. This is the most convenient way to get exposure to Canadian stocks because there are no barriers to stock ownership. These shares can be purchased in U.S. dollars directly from the exchange just like purchasing a U.S. stock.

However, for a full list of the best Canadian stocks, investors should look at the Toronto Stock Exchange (TSX). The TSX is one of the oldest stock exchanges having been founded in 1852. It’s also the third largest stock exchange in North America in terms of market capitalization.

The Toronto Stock Exchange includes approximately 1,500 companies. It allows investors to trade stocks, investment trusts, exchange-traded products, bonds, commodities, futures, options, and other derivative products. All transactions on the TSX are executed in Canadian dollars.

Invest in a Mutual Fund or ETF

There are many mutual funds and exchange-traded funds that supply exposure to Canadian stocks. Some funds supply exposure to both U.S. and Canadian stocks. Other funds hold just Canadian stocks. Some examples of those include:

BMO S&P/TSX Capped Composite Index ETF
Horizons S&P/TSX 60™ Index ETF
Vanguard FTSE Canada All Cap ETF

As with investing in any asset class, investors need to consider their investment objective, time horizon and risk tolerance before choosing a fund that fits their needs. Investors will also want to pay attention to the fund’s fee structure to ensure you’re making the most efficient use of your capital.

The Final Word on Investing in Canadian Stocks

Investing in Canadian stocks is one way for investors to add diversification to their portfolio. MarketBeat provides a list of the top Canadian stocks that trade on the TSX. This is Canada’s version of the NYSE or NASDAQ in the United States and includes many of the same stocks.

That’s one advantage of investing in Canadian stocks is that many have a dual listing which removes many of the obstacles that can come with investing in international stocks.

However, investors should be aware that many of the best Canadian stocks are in highly cyclical industries which can lead to underperformance when those sectors are out of favor. Still, due to their relative stability and in some cases an impressive dividend, Canadian stocks may have a place in an investor’s portfolio.

About The Editor

Chris Markoch

Editor & Contributing Author

Value Investing, Retirement, Dividend Stocks, Individual Investing

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