Top TSX Stocks

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

On This Page:About the Toronto Stock Exchange More Stock Ideas

Sort By

Company	Sector	Current Price	P/E Ratio	Market Cap	Consensus Analyst Rating	Consensus Price Target
BRK Berkshire Hathaway		C$34.75 +1.1%	18.75	C$1.36 trillion	N/A (Score: 0.00)	N/A
PG Premier Gold Mines	Basic Materials	C$23.45 +0.6%	27.38	C$438.27 billion	N/A (Score: 0.00)	N/A
GS Gluskin Sheff + Associates	Finance	C$50.15 -1.7%	25.14	C$406.01 billion	N/A (Score: 0.00)	N/A
RY Royal Bank of Canada	Financial Services	C$265.67 +0.4%	17.27	C$369.20 billion	Moderate Buy (Score: 2.83)	C$260.27 (-2.0% Downside)
TD Toronto-Dominion Bank	Financial Services	C$156.82 +0.1%	18.41	C$261.71 billion	Moderate Buy (Score: 2.60)	C$149.75 (-4.5% Downside)
SHOP Shopify	Computer and Technology	C$157.32 -2.9%	154.24	C$204.15 billion	Moderate Buy (Score: 2.50)	C$206.33 (31.2% Upside)
ABT Absolute Software Co. (ABT.TO)	Computer and Technology	C$15.27 -0.1%	32.88	C$203.96 billion	N/A (Score: 0.00)	N/A
BX Biox	Manufacturing	C$13.70 -5.3%	38.72	C$184.47 billion	N/A (Score: 0.00)	N/A
ENB Enbridge	Energy	C$78.18 +0.3%	26.50	C$170.72 billion	Moderate Buy (Score: 2.50)	C$75.33 (-3.6% Downside)
BMO Bank of Montreal	Financial Services	C$226.41 -1.1%	17.39	C$159.60 billion	Hold (Score: 2.45)	C$223.13 (-1.5% Downside)
Get the Latest News and Ratings for Your Stocks Enter your email address below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter.
CNQ Canadian Natural Resources	Energy	C$66.35 +1.5%	12.86	C$138.39 billion	Moderate Buy (Score: 2.58)	C$63.73 (-3.9% Downside)
CM Canadian Imperial Bank of Commerce	Financial Services	C$149.51 -0.4%	14.83	C$137.60 billion	Moderate Buy (Score: 2.55)	C$152.86 (2.2% Upside)
BNS Bank of Nova Scotia	Financial Services	C$111.48 -0.2%	15.38	C$136.68 billion	Hold (Score: 2.10)	C$110.54 (-0.8% Downside)
BN Brookfield	Financial Services	C$60.83 -3.6%	119.27	C$135.87 billion	Buy (Score: 3.33)	C$58.50 (-3.8% Downside)
NGT Newmont	Basic Materials	C$116.00 -1.1%	20.86	C$127.42 billion	Strong Buy (Score: 3.58)	C$125.00 (7.8% Upside)
AEM Agnico Eagle Mines	Basic Materials	C$240.50 -2.9%	22.65	C$120.26 billion	Moderate Buy (Score: 2.75)	C$318.83 (32.6% Upside)
CP Canadian Pacific Kansas City	Industrials	C$124.86 +0.1%	27.87	C$110.84 billion	Moderate Buy (Score: 2.73)	C$123.07 (-1.4% Downside)
SU Suncor Energy	Energy	C$91.04 +0.7%	17.31	C$107.50 billion	Moderate Buy (Score: 2.73)	C$93.13 (2.3% Upside)
CNR Canadian National Railway	Industrials	C$167.18 -0.4%	22.03	C$101.41 billion	Moderate Buy (Score: 2.76)	C$158.00 (-5.5% Downside)
BAM Brookfield Asset Management	Financial Services	C$63.38 -4.1%	40.63	C$101.20 billion	Buy (Score: 3.20)	C$75.00 (18.3% Upside)
TRP TC Energy	Energy	C$94.69 +0.5%	29.68	C$98.64 billion	Hold (Score: 2.43)	C$88.85 (-6.2% Downside)
ABX Barrick Gold	Basic Materials	C$58.52 -2.0%	16.17	C$98.05 billion	Buy (Score: 3.25)	C$76.78 (31.2% Upside)
MFC Manulife Financial	Financial Services	C$53.12 -0.1%	15.31	C$88.65 billion	Buy (Score: 3.00)	C$57.00 (7.3% Upside)
IMO Imperial Oil	Energy	C$175.35 +1.8%	29.72	C$84.80 billion	Strong Sell (Score: 1.40)	C$137.00 (-21.9% Downside)
WPM Wheaton Precious Metals	Basic Materials	C$174.75 -3.1%	44.16	C$79.36 billion	Buy (Score: 3.13)	C$205.63 (17.7% Upside)
NA National Bank of Canada	Financial Services	C$199.47 -0.9%	17.65	C$76.82 billion	Hold (Score: 2.27)	C$198.42 (-0.5% Downside)
CVE Cenovus Energy	Energy	C$41.18 +1.7%	16.41	C$76.79 billion	Buy (Score: 3.00)	C$39.79 (-3.4% Downside)
ATD Alimentation Couche-Tard	Consumer Cyclical	C$79.85 +0.8%	27.63	C$73.32 billion	Moderate Buy (Score: 2.83)	C$92.58 (15.9% Upside)
L Loblaw Companies	Consumer Defensive	C$62.82 +1.9%	27.31	C$73.12 billion	Moderate Buy (Score: 2.57)	C$69.25 (10.2% Upside)
CLS Celestica	Computer and Technology	C$635.76 -2.6%	77.06	C$73.10 billion	Strong Buy (Score: 3.86)	C$367.50 (-42.2% Downside)
GWO Great-West Lifeco	Financial Services	C$79.52 +0.1%	17.10	C$71.41 billion	Moderate Buy (Score: 2.75)	C$77.18 (-2.9% Downside)
CCO Cameco	Energy	C$159.65 -4.3%	107.15	C$69.53 billion	Moderate Buy (Score: 2.88)	C$174.50 (9.3% Upside)
FNV Franco-Nevada	Basic Materials	C$321.31 -1.6%	45.25	C$61.97 billion	Strong Buy (Score: 3.60)	C$355.44 (10.6% Upside)
CSU Constellation Software	Computer and Technology	C$2,813.35 -2.5%	80.24	C$59.62 billion	Moderate Buy (Score: 2.89)	C$3,823.50 (35.9% Upside)
SLF Sun Life Financial	Financial Services	C$100.62 0.0%	18.74	C$55.77 billion	Moderate Buy (Score: 2.55)	C$101.60 (1.0% Upside)
WCN Waste Connections	Industrials	C$209.69 +1.7%	51.14	C$53.28 billion	Strong Buy (Score: 3.78)	N/A
POW Power Co. of Canada	Financial Services	C$82.95 -1.1%	19.94	C$52.27 billion	Hold (Score: 2.40)	C$83.10 (0.2% Upside)
TRI Thomson Reuters	Industrials	C$116.78 -2.2%	33.82	C$50.98 billion	Buy (Score: 3.17)	C$163.00 (39.6% Upside)
IFC Intact Financial	Financial Services	C$270.73 +0.0%	14.42	C$47.86 billion	Moderate Buy (Score: 2.90)	C$322.18 (19.0% Upside)
DOL Dollarama	Consumer Defensive	C$175.36 +0.4%	37.07	C$47.74 billion	Moderate Buy (Score: 2.90)	C$203.69 (16.2% Upside)
Your book attached (Ad) Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time through a temporary download link. He plans to charge for it soon. Download your copy now and lock it in at no cost, regardless of future pricing. Download the Safe Trade Options Formula book for free before access closes
K Kinross Gold	Basic Materials	C$39.36 -1.9%	16.75	C$47.00 billion	Buy (Score: 3.00)	C$52.42 (33.2% Upside)
FFH Fairfax Financial	Financial Services	C$2,168.28 +0.1%	10.72	C$46.51 billion	Moderate Buy (Score: 2.57)	C$2,793.50 (28.8% Upside)
NTR Nutrien	Basic Materials	C$95.98 +1.2%	19.55	C$46.07 billion	Moderate Buy (Score: 2.88)	C$80.00 (-16.6% Downside)
TECK.B Teck Resources	Basic Materials	C$93.22 -4.6%	24.73	C$45.64 billion	Hold (Score: 2.20)	C$80.25 (-13.9% Downside)
TECK.A Teck Resources	Basic Materials	C$93.20 -4.5%	24.72	C$45.63 billion	N/A (Score: 0.00)	C$80.00 (-14.2% Downside)
PPL Pembina Pipeline	Energy	C$68.12 +0.9%	25.61	C$39.61 billion	Moderate Buy (Score: 2.67)	C$65.38 (-4.0% Downside)
FTS Fortis	Utilities	C$76.35 +0.8%	22.52	C$38.87 billion	Moderate Buy (Score: 2.70)	C$79.32 (3.9% Upside)
FM First Quantum Minerals	Basic Materials	C$45.54 -1.3%	N/A	C$37.72 billion	Moderate Buy (Score: 2.75)	C$43.86 (-3.7% Downside)
WN George Weston	Consumer Defensive	C$98.76 +1.9%	34.53	C$37.24 billion	Moderate Buy (Score: 2.60)	C$108.86 (10.2% Upside)
LUN Lundin Mining	Basic Materials	C$42.31 -4.1%	25.34	C$36.19 billion	Moderate Buy (Score: 2.53)	C$38.49 (-9.0% Downside)
QSR Restaurant Brands International	Consumer Cyclical	C$101.57 +2.6%	35.89	C$35.24 billion	Moderate Buy (Score: 2.75)	C$84.00 (-17.3% Downside)
H Hydro One	Utilities	C$55.90 +0.1%	24.52	C$33.55 billion	Hold (Score: 2.11)	C$57.09 (2.1% Upside)
VFV Vanguard S&P 500 Index ETF		C$186.87 0.0%	N/A	C$33.04 billion	N/A (Score: 0.00)	N/A
BBD.B Bombardier, Inc. Class B	Industrials	C$322.85 -0.7%	35.75	C$31.85 billion	Hold (Score: 2.45)	C$278.08 (-13.9% Downside)
BBD.A Bombardier	Industrials	C$322.39 -0.9%	35.70	C$31.80 billion	Buy (Score: 3.00)	C$330.00 (2.4% Upside)
BCE BCE	Communication Services	C$34.00 -0.2%	5.02	C$31.71 billion	Moderate Buy (Score: 2.88)	C$38.50 (13.2% Upside)
PAAS Pan American Silver	Basic Materials	C$73.87 -3.3%	23.30	C$31.13 billion	Buy (Score: 3.00)	C$81.75 (10.7% Upside)
RCI.A Rogers Communications	Communication Services	C$54.30 -0.1%	4.16	C$29.33 billion	N/A (Score: 0.00)	N/A
RCI.B Rogers Communications	Business Services	C$52.48 -0.7%	4.02	C$28.35 billion	Moderate Buy (Score: 2.73)	C$58.56 (11.6% Upside)
APH Aphria	Manufacturing	C$22.24 +0.1%	6.39	C$27.36 billion	N/A (Score: 0.00)	N/A
RBA RB Global	Industrials	C$144.21 -0.5%	67.07	C$26.87 billion	Buy (Score: 3.00)	C$124.00 (-14.0% Downside)
T TELUS	Communication Services	C$17.08 -1.7%	28.47	C$26.67 billion	Moderate Buy (Score: 2.50)	C$20.27 (18.7% Upside)
MG Magna International	Consumer Cyclical	C$95.18 +1.0%	40.16	C$26.31 billion	Buy (Score: 3.33)	C$61.00 (-35.9% Downside)
TOU Tourmaline Oil	Energy	C$65.45 +1.4%	36.16	C$25.41 billion	Moderate Buy (Score: 2.91)	C$71.00 (8.5% Upside)
BIP.UN Brookfield Infrastructure Partners	Utilities	C$53.79 +0.2%	81.50	C$24.74 billion	N/A (Score: 0.00)	N/A
WSP WSP Global	Industrials	C$183.50 -1.4%	25.03	C$24.74 billion	Buy (Score: 3.09)	C$313.42 (70.8% Upside)
OVV Ovintiv	Energy	C$82.66 +2.0%	27.19	C$23.23 billion	Buy (Score: 3.30)	C$70.00 (-15.3% Downside)
XIU iShares S&P/TSX 60 Index ETF		C$51.31 -0.6%	N/A	C$22.81 billion	N/A (Score: 0.00)	N/A
AGI Alamos Gold	Basic Materials	C$52.93 -3.3%	21.09	C$22.23 billion	Buy (Score: 3.20)	C$76.20 (44.0% Upside)
EMA Emera	Utilities	C$70.92 -0.1%	21.69	C$21.69 billion	Moderate Buy (Score: 2.60)	C$74.39 (4.9% Upside)
LUG Lundin Gold	Basic Materials	C$87.14 -2.8%	23.11	C$21.07 billion	Hold (Score: 2.00)	C$100.62 (15.5% Upside)
HUT Hut 8	Financial Services	C$182.91 -0.6%	N/A	C$20.59 billion	Strong Buy (Score: 3.75)	N/A
WCP Whitecap Resources	Energy	C$16.75 +1.3%	22.95	C$20.36 billion	Buy (Score: 3.23)	C$17.00 (1.5% Upside)
GIB.A CGI	Computer and Technology	C$92.51 -3.5%	12.08	C$19.37 billion	Moderate Buy (Score: 2.67)	C$126.31 (36.5% Upside)
EDV Endeavour Mining	Basic Materials	C$79.12 -0.9%	22.74	C$19.09 billion	Buy (Score: 3.00)	C$99.50 (25.8% Upside)
MRU Metro	Consumer Defensive	C$88.47 +0.9%	18.86	C$18.66 billion	Hold (Score: 2.25)	C$103.63 (17.1% Upside)
IGM IGM Financial	Financial Services	C$79.44 -0.9%	16.35	C$18.47 billion	Hold (Score: 2.38)	C$73.75 (-7.2% Downside)
ATZ Aritzia	Consumer Cyclical	C$160.14 +1.2%	50.04	C$18.35 billion	Buy (Score: 3.00)	C$174.08 (8.7% Upside)
VUN Vanguard U.S. Total Market Index ETF		C$140.58 -0.2%	N/A	C$18.25 billion	N/A (Score: 0.00)	N/A
TIH Toromont Industries	Industrials	C$223.83 +0.1%	35.59	C$18.25 billion	Moderate Buy (Score: 2.50)	C$216.44 (-3.3% Downside)
ARX ARC Resources	Energy	C$32.06 +0.2%	12.67	C$18.13 billion	Hold (Score: 2.31)	C$29.98 (-6.5% Downside)
TFII TFI International	Industrials	C$219.15 -0.3%	61.04	C$18.01 billion	Moderate Buy (Score: 2.75)	C$177.20 (-19.1% Downside)
IVN Ivanhoe Mines	Basic Materials	C$12.30 -4.6%	136.67	C$17.54 billion	Hold (Score: 2.38)	C$14.60 (18.7% Upside)
GFL GFL Environmental	Industrials	C$48.09 +2.9%	69.70	C$17.36 billion	Strong Buy (Score: 3.60)	N/A
SAP Saputo	Consumer Defensive	C$42.55 +0.4%	27.28	C$17.24 billion	Moderate Buy (Score: 2.75)	C$46.11 (8.4% Upside)
ALA AltaGas	Energy	C$54.56 +1.2%	33.27	C$17.00 billion	Buy (Score: 3.00)	C$54.25 (-0.6% Downside)
HBM Hudbay Minerals	Basic Materials	C$42.36 -3.9%	25.37	C$16.83 billion	Buy (Score: 3.14)	C$39.22 (-7.4% Downside)
ZCN BMO S&P/TSX Capped Composite Index ETF		C$46.78 -1.0%	N/A	C$16.63 billion	N/A (Score: 0.00)	N/A
PHYS.U Sprott Physical Gold Trust		C$33.59 -0.9%	2.84	C$16.01 billion	N/A (Score: 0.00)	N/A
VCN Vanguard FTSE Canada All Cap Index ETF		C$71.05 -0.8%	N/A	C$15.99 billion	N/A (Score: 0.00)	N/A
Elon Musk’s $1 Quadrillion AI IPO (Ad) $1 quadrillion would be enough to send a $2.8 million check to every man, woman, and child in America. That is the scale of what analysts are calling the biggest AI IPO in history.And right now, you can claim a stake before the company goes public, starting with just $500.Elon Musk is predicting this investment could climb 1,000x from here. Early access is available today. Claim Your Stake Now
QBR.A Quebecor	Business Services	C$70.00 +1.9%	19.72	C$15.77 billion	Hold (Score: 2.00)	C$56.13 (-19.8% Downside)
QBR.B Quebecor	Business Services	C$69.71 +2.2%	19.64	C$15.71 billion	Moderate Buy (Score: 2.67)	C$63.71 (-8.6% Downside)
BEP.UN Brookfield Renewable Partners	Utilities	C$51.27 +0.4%	N/A	C$15.55 billion	Moderate Buy (Score: 2.50)	C$41.50 (-19.1% Downside)
IAG iA Financial	Financial Services	C$171.42 -0.6%	15.87	C$15.30 billion	Hold (Score: 2.00)	C$177.78 (3.7% Upside)
GIL Gildan Activewear	Consumer Cyclical	C$81.01 +0.2%	47.93	C$15.00 billion	Moderate Buy (Score: 2.60)	C$88.00 (8.6% Upside)
VEQT Vanguard All-Equity ETF Portfolio		C$60.61 -0.5%	N/A	C$14.75 billion	N/A (Score: 0.00)	N/A
CCL.A CCL Industries	Consumer Cyclical	C$84.45 -0.7%	18.48	C$14.51 billion	N/A (Score: 0.00)	N/A
CCL.B CCL Industries	Consumer Cyclical	C$83.15 -0.5%	18.19	C$14.29 billion	Moderate Buy (Score: 2.83)	C$101.80 (22.4% Upside)
FTT Finning International	Industrials	C$107.57 +1.8%	21.13	C$14.04 billion	Buy (Score: 3.00)	C$114.22 (6.2% Upside)
CU Canadian Utilities	Utilities	C$50.28 +1.9%	502.80	C$13.69 billion	Hold (Score: 2.00)	C$47.71 (-5.1% Downside)
AG First Majestic Silver	Basic Materials	C$27.65 -4.7%	46.86	C$13.65 billion	Buy (Score: 3.00)	C$33.40 (20.8% Upside)
IMG IAMGOLD	Basic Materials	C$23.53 -2.8%	13.76	C$13.60 billion	Moderate Buy (Score: 2.80)	C$32.07 (36.3% Upside)
KEY Keyera	Energy	C$57.44 -0.3%	72.71	C$13.17 billion	Moderate Buy (Score: 2.80)	C$58.29 (1.5% Upside)
X TMX Group	Financial Services	C$47.37 -0.9%	24.80	C$13.08 billion	Moderate Buy (Score: 2.78)	C$64.50 (36.2% Upside)
ZAG BMO Aggregate Bond Index ETF		C$13.81 -0.1%	N/A	C$12.74 billion	N/A (Score: 0.00)	N/A
EQX Equinox Gold	Basic Materials	C$15.75 -5.8%	17.50	C$12.43 billion	Buy (Score: 3.00)	C$25.86 (64.2% Upside)
STN Stantec	Industrials	C$102.42 -1.0%	23.87	C$11.68 billion	Buy (Score: 3.00)	C$150.54 (47.0% Upside)
CS Capstone Copper	Basic Materials	C$15.28 -4.2%	27.78	C$11.67 billion	Moderate Buy (Score: 2.86)	C$16.00 (4.7% Upside)
ELD Eldorado Gold	Basic Materials	C$43.81 -4.8%	15.65	C$11.54 billion	Moderate Buy (Score: 2.50)	C$63.50 (44.9% Upside)
CHP.UN Choice Properties Real Est Invstmnt Trst	Real Estate	C$15.89 -0.4%	N/A	C$11.50 billion	Hold (Score: 2.40)	C$16.60 (4.5% Upside)
TNX TRX Gold	Basic Materials	C$40.79 +0.7%	N/A	C$11.38 billion	N/A (Score: 0.00)	N/A
CPX Capital Power	Utilities	C$71.78 -0.3%	N/A	C$11.23 billion	Moderate Buy (Score: 2.91)	C$76.70 (6.9% Upside)
CAE CAE	Industrials	C$34.72 -1.1%	35.79	C$11.17 billion	Buy (Score: 3.00)	C$48.91 (40.9% Upside)
EMP.A Empire	Consumer Defensive	C$48.15 +2.1%	71.87	C$10.91 billion	Hold (Score: 2.33)	C$52.83 (9.7% Upside)
CTC Canadian Tire	Consumer Cyclical	C$206.17 -0.4%	18.71	C$10.85 billion	Hold (Score: 2.00)	N/A
CGG China Gold International Resources	Basic Materials	C$27.12 -2.0%	17.46	C$10.75 billion	N/A (Score: 0.00)	N/A
DPM Dundee Precious Metals	Basic Materials	C$47.72 +3.8%	18.71	C$10.55 billion	Buy (Score: 3.11)	C$56.11 (17.6% Upside)
NXE NexGen Energy	Energy	C$15.88 -7.6%	N/A	C$10.51 billion	Buy (Score: 3.00)	C$19.18 (20.8% Upside)
EFN Element Fleet Management	Industrials	C$26.00 -0.8%	35.14	C$10.30 billion	Buy (Score: 3.00)	C$41.88 (61.1% Upside)
VGRO Vanguard Growth ETF Portfolio		C$47.24 -0.4%	N/A	C$10.19 billion	N/A (Score: 0.00)	N/A
XBB iShares Core Canadian Universe Bond Index ETF		C$28.20 -0.1%	N/A	C$9.98 billion	N/A (Score: 0.00)	N/A
BEPC Brookfield Renewable	Utilities	C$54.35 -0.2%	N/A	C$9.91 billion	N/A (Score: 0.00)	N/A
SCR Strathcona Resources	Energy	C$46.18 +0.6%	13.31	C$9.89 billion	Moderate Buy (Score: 2.71)	C$39.14 (-15.2% Downside)
NGD New Gold	Basic Materials	C$12.16	11.26	C$9.63 billion	Moderate Buy (Score: 2.67)	C$12.33 (1.4% Upside)
CTC.A Canadian Tire	Consumer Cyclical	C$176.32 +0.1%	16.00	C$9.28 billion	Hold (Score: 2.29)	C$197.50 (12.0% Upside)
OR Osisko Gold Royalties	Basic Materials	C$49.17 -3.6%	36.69	C$9.22 billion	Moderate Buy (Score: 2.71)	C$50.67 (3.0% Upside)
DSG The Descartes Systems Group	Computer and Technology	C$103.10 -3.9%	55.13	C$8.86 billion	Strong Buy (Score: 3.75)	N/A
SSRM SSR Mining	Basic Materials	C$40.61 -1.6%	38.68	C$8.79 billion	Buy (Score: 3.00)	C$47.50 (17.0% Upside)
FSV FirstService	Real Estate	C$190.46 -0.5%	53.65	C$8.76 billion	Buy (Score: 3.33)	C$209.00 (9.7% Upside)
OGC OceanaGold	Basic Materials	C$38.92 -3.4%	11.87	C$8.71 billion	Buy (Score: 3.00)	C$56.11 (44.2% Upside)
BTO B2Gold	Basic Materials	C$6.36 -2.6%	16.74	C$8.47 billion	Moderate Buy (Score: 2.50)	C$9.15 (43.9% Upside)
BB BlackBerry	Computer and Technology	C$14.10 -0.9%	156.67	C$8.26 billion	Hold (Score: 2.00)	N/A
ONEX Onex	Financial Services	C$107.26 -2.7%	12.95	C$8.18 billion	Moderate Buy (Score: 2.50)	C$150.00 (39.8% Upside)
VDY Vanguard FTSE Canadian High Dividend Yield Index ETF	Manufacturing	C$73.83 +0.1%	N/A	C$8.08 billion	N/A (Score: 0.00)	N/A
DFY Definity Financial	Financial Services	C$66.92 -0.6%	20.65	C$8.04 billion	Moderate Buy (Score: 2.50)	C$79.91 (19.4% Upside)
PSK PrairieSky Royalty	Energy	C$34.45 +0.1%	40.06	C$8.01 billion	Moderate Buy (Score: 2.71)	C$32.25 (-6.4% Downside)
OTEX Open Text	Computer and Technology	C$32.89 -4.1%	15.97	C$7.98 billion	Hold (Score: 2.00)	C$27.50 (-16.4% Downside)
AII Almonty Industries	Basic Materials	C$27.76 -2.8%	N/A	C$7.88 billion	Strong Buy (Score: 4.00)	N/A
MEG MEG Energy	Energy	C$30.89 +0.7%	14.64	C$7.86 billion	Reduce (Score: 1.50)	C$28.00 (-9.4% Downside)
MDA MDA Space	Industrials	C$56.29 -5.1%	70.36	C$7.81 billion	Buy (Score: 3.27)	C$55.00 (-2.3% Downside)
I was right about SpaceX (Ad) Jeff Brown predicted Bitcoin before it climbed as high as 52,400%, Tesla before 2,150%, and Nvidia before 32,000%. Now he says SpaceX is shaping up to be the biggest IPO of the decade - and three key milestones just confirmed it. In the past 21 days: SpaceX crossed 10,000 active satellites, Elon filed confidential IPO paperwork with the SEC, and another rocket launched 25 more satellites. Two-thirds of every satellite in orbit now belongs to one company. The public filing could drop any day. See how to claim your stake in SpaceX before the public can
WFG West Fraser Timber	Basic Materials	C$94.44 +1.8%	N/A	C$7.40 billion	Hold (Score: 2.00)	C$96.50 (2.2% Upside)
VAB Vanguard Canadian Aggregate Bond Index ETF		C$23.00 -0.1%	N/A	C$7.34 billion	N/A (Score: 0.00)	N/A
ACO.X ATCO	Utilities	C$70.85 +1.9%	50.97	C$7.15 billion	Hold (Score: 2.00)	C$69.86 (-1.4% Downside)
BIPC Brookfield Infrastructure	Utilities	C$57.23 +0.3%	N/A	C$7.04 billion	N/A (Score: 0.00)	N/A
EIF Exchange Income	Industrials	C$123.55 -0.4%	35.61	C$6.96 billion	Buy (Score: 3.08)	C$122.19 (-1.1% Downside)
PKI Parkland	Energy	C$39.84 -0.4%	20.86	C$6.96 billion	Hold (Score: 2.33)	C$43.00 (7.9% Upside)
CIGI Colliers International Group	Real Estate	C$134.23 +0.4%	82.35	C$6.86 billion	N/A (Score: 0.00)	N/A
DSV Discovery Silver	Basic Materials	C$8.36 -6.5%	30.96	C$6.78 billion	Strong Buy (Score: 4.00)	N/A
PRU Perseus Mining	Basic Materials	C$5.03 -0.4%	19.36	C$6.77 billion	Strong Buy (Score: 3.67)	N/A
MX Methanex	Basic Materials	C$87.37 +1.8%	N/A	C$6.76 billion	Moderate Buy (Score: 2.60)	C$50.00 (-42.8% Downside)
CSH.UN Chartwell Retirement Residences	Real Estate	C$20.78 +2.2%	N/A	C$6.74 billion	Buy (Score: 3.10)	C$25.82 (24.2% Upside)
HXS Horizons S&P 500 Index ETF		C$108.90 0.0%	N/A	C$6.73 billion	N/A (Score: 0.00)	N/A
ACO.Y ATCO	Utilities	C$60.00 -0.9%	15.67	C$6.73 billion	N/A (Score: 0.00)	N/A
TVE Tamarack Valley Energy	Energy	C$13.53 +2.8%	N/A	C$6.47 billion	Buy (Score: 3.00)	C$12.73 (-5.9% Downside)
REI.UN RioCan Real Estate Investment Trust	Real Estate	C$22.09 -0.3%	26.61	C$6.43 billion	Moderate Buy (Score: 2.86)	C$23.68 (7.2% Upside)
MAU Montage Gold	Basic Materials	C$15.87 -4.2%	N/A	C$6.39 billion	Buy (Score: 3.00)	C$14.25 (-10.2% Downside)
EFR Energy Fuels	Energy	C$25.25 -6.4%	N/A	C$6.31 billion	Strong Buy (Score: 3.50)	N/A
DOO BRP	Consumer Cyclical	C$86.00 +1.5%	23.50	C$6.31 billion	Moderate Buy (Score: 2.56)	C$98.73 (14.8% Upside)
AQN Algonquin Power & Utilities	Utilities	C$8.12 -0.9%	38.67	C$6.25 billion	Buy (Score: 3.13)	C$8.00 (-1.5% Downside)
LNR Linamar	Consumer Cyclical	C$105.04 +0.2%	10.00	C$6.22 billion	Moderate Buy (Score: 2.50)	C$102.57 (-2.4% Downside)
NPI Northland Power	Utilities	C$23.57 -1.3%	N/A	C$6.16 billion	Hold (Score: 2.40)	C$24.80 (5.2% Upside)
AC Air Canada	Industrials	C$21.44 -1.6%	8.86	C$6.15 billion	Moderate Buy (Score: 2.50)	C$23.39 (9.1% Upside)
ZLB BMO Low Volatility Canadian Equity ETF		$59.54 +0.2%	N/A	$6.07 billion	N/A (Score: 0.00)	N/A
TA TransAlta	Utilities	C$20.01 +0.9%	N/A	C$5.96 billion	Moderate Buy (Score: 2.88)	C$24.67 (23.3% Upside)
ELF E-L Financial	Financial Services	C$17.00 -0.4%	5.17	C$5.88 billion	N/A (Score: 0.00)	N/A
KNT K92 Mining	Basic Materials	C$23.51 -3.8%	18.22	C$5.76 billion	Buy (Score: 3.33)	C$38.00 (61.6% Upside)
GRT.UN Granite Real Estate Investment Trust	Real Estate	C$94.02 -0.7%	14.59	C$5.71 billion	Buy (Score: 3.00)	C$99.64 (6.0% Upside)
ATH Athabasca Oil	Energy	C$11.78 +2.6%	26.18	C$5.70 billion	Hold (Score: 2.33)	C$10.38 (-11.9% Downside)
TXG Torex Gold Resources	Basic Materials	C$60.29 -2.2%	9.66	C$5.63 billion	Buy (Score: 3.00)	C$85.75 (42.2% Upside)
OLA Orla Mining	Basic Materials	C$15.62 -5.0%	21.69	C$5.40 billion	Buy (Score: 3.20)	C$31.06 (98.8% Upside)
GLXY Galaxy Digital	Financial Services	C$28.26	N/A	C$5.39 billion	N/A (Score: 0.00)	N/A
PEY Peyto Exploration & Development	Energy	C$25.81 +0.9%	11.17	C$5.29 billion	Moderate Buy (Score: 2.80)	C$26.08 (1.1% Upside)
CAR.UN Canadian Apartment Properties REIT	Real Estate	C$34.30 +0.1%	4,021.57	C$5.26 billion	Moderate Buy (Score: 2.67)	C$46.56 (35.8% Upside)
ZEB BMO Equal Weight Banks Index ETF		C$68.77 -0.3%	N/A	C$5.24 billion	N/A (Score: 0.00)	N/A
HXT Horizons S&P/TSX 60 Index ETF		C$91.67 -0.7%	N/A	C$5.21 billion	N/A (Score: 0.00)	N/A
SEA Seabridge Gold	Basic Materials	C$48.16 -2.1%	N/A	C$5.18 billion	N/A (Score: 0.00)	N/A
BITF Bitfarms	Financial Services	C$8.49 +0.7%	N/A	C$5.12 billion	N/A (Score: 0.00)	N/A
BTE Baytex Energy	Energy	C$7.05 +2.2%	N/A	C$5.10 billion	Hold (Score: 2.45)	C$7.00 (-0.7% Downside)
SKE Skeena Resources	Basic Materials	C$40.93 -4.2%	N/A	C$5.08 billion	Buy (Score: 3.00)	C$47.43 (15.9% Upside)
TPZ Topaz Energy	Energy	C$32.70 +0.1%	37.59	C$5.06 billion	Buy (Score: 3.00)	C$33.65 (2.9% Upside)
GEI Gibson Energy	Energy	C$28.90 -0.9%	32.47	C$4.98 billion	Moderate Buy (Score: 2.80)	C$28.21 (-2.4% Downside)
NG NovaGold Resources	Basic Materials	C$11.28 -2.8%	N/A	C$4.95 billion	Strong Buy (Score: 3.60)	C$18.00 (59.6% Upside)
SRU.UN SmartCentres Real Estate Investment Trst	Real Estate	C$28.91 -0.1%	13.50	C$4.93 billion	Hold (Score: 2.25)	C$28.75 (-0.6% Downside)
FCR.UN First Capital Real Estate Investment Trust	Real Estate	C$23.12 -0.4%	4.58	C$4.91 billion	Hold (Score: 2.38)	C$23.36 (1.0% Upside)
PBH Premium Brands	Consumer Defensive	C$92.04 +0.4%	102.27	C$4.79 billion	Moderate Buy (Score: 2.92)	C$118.62 (28.9% Upside)
SSL Sandstorm Gold	Basic Materials	C$16.15 -2.1%	134.58	C$4.73 billion	Reduce (Score: 1.50)	C$19.17 (18.7% Upside)
CG Centerra Gold	Basic Materials	C$23.36 -3.0%	7.54	C$4.64 billion	Moderate Buy (Score: 2.50)	C$27.36 (17.1% Upside)
SII Sprott	Financial Services	C$179.24 -2.8%	54.65	C$4.62 billion	Moderate Buy (Score: 2.60)	C$211.00 (17.7% Upside)
CIX CI Financial	Financial Services	C$31.99	N/A	C$4.61 billion	N/A (Score: 0.00)	N/A
POU Paramount Resources	Energy	C$31.60 +1.8%	79.00	C$4.59 billion	Moderate Buy (Score: 2.71)	C$32.94 (4.3% Upside)
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside) (Ad) Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top S&P 500 stock for 12 years running—and today, he's giving away his #1 AI stock pick for 2026, free. This company's sales are up 28% year over year, it holds over 30,000 patents in wireless and video technology, and it just earned an A-rating in his proprietary Stock Grader system that has cost him $9 million to build and maintain. Get the name and ticker of Louis Navellier's #1 AI stock free
SES Secure Energy Services	Industrials	C$20.92 +2.5%	38.74	C$4.56 billion	Hold (Score: 2.00)	C$23.16 (10.7% Upside)
ERO Ero Copper	Basic Materials	C$43.33 -2.8%	15.48	C$4.52 billion	Moderate Buy (Score: 2.63)	C$45.00 (3.9% Upside)
EFX Enerflex	Energy	C$36.09 -0.5%	53.07	C$4.40 billion	Moderate Buy (Score: 2.75)	C$35.16 (-2.6% Downside)
KXS Kinaxis	Computer and Technology	C$160.53 -5.6%	54.60	C$4.39 billion	Buy (Score: 3.00)	C$195.75 (21.9% Upside)
SJ Stella-Jones	Basic Materials	C$79.51 +2.8%	14.40	C$4.34 billion	Moderate Buy (Score: 2.63)	C$95.38 (20.0% Upside)
zwb BMO Covered Call Canadian Banks ETF (ZWB.TO)		C$28.49 -0.3%	N/A	C$4.33 billion	N/A (Score: 0.00)	N/A
PPTA Perpetua Resources	Basic Materials	C$34.41 -5.0%	N/A	C$4.30 billion	Buy (Score: 3.00)	C$55.00 (59.8% Upside)
DML Denison Mines	Energy	C$4.73 -6.3%	N/A	C$4.28 billion	Buy (Score: 3.00)	C$6.50 (37.4% Upside)
CRT.UN CT Real Estate Investment Trust	Real Estate	C$17.74 +0.3%	9.68	C$4.23 billion	Hold (Score: 2.00)	C$17.90 (0.9% Upside)
XSB iShares Core Canadian Short Term Bond Index ETF		C$26.89	N/A	C$4.22 billion	N/A (Score: 0.00)	N/A
ZCS BMO Short Corporate Bond Index ETF		C$13.99	N/A	C$4.22 billion	N/A (Score: 0.00)	N/A
IPCO International Petroleum	Energy	C$36.39 +1.5%	165.41	C$4.11 billion	Hold (Score: 2.25)	C$35.25 (-3.1% Downside)
EQB EQB	Financial Services	C$114.94 -0.3%	22.58	C$4.07 billion	Hold (Score: 2.45)	C$122.50 (6.6% Upside)
BBU.UN Brookfield Business Partners	Industrials	C$45.79 +1.1%	N/A	C$4.06 billion	N/A (Score: 0.00)	N/A
FVI Fortuna Silver Mines	Basic Materials	C$13.15 -3.3%	12.41	C$3.98 billion	Buy (Score: 3.00)	C$15.75 (19.8% Upside)
TKO Taseko Mines	Basic Materials	C$10.87 -5.4%	217.40	C$3.97 billion	Buy (Score: 3.00)	C$11.13 (2.3% Upside)
DIR.UN Dream Industrial Real Estate Invest Trst	Real Estate	C$13.78 -0.9%	21.87	C$3.96 billion	Buy (Score: 3.00)	C$15.04 (9.1% Upside)
WDO Wesdome Gold Mines	Basic Materials	C$26.72 -2.0%	9.97	C$3.96 billion	Moderate Buy (Score: 2.60)	C$30.14 (12.8% Upside)
BYD Boyd Group Services	Consumer Cyclical	C$140.89 -2.5%	213.47	C$3.92 billion	Buy (Score: 3.15)	C$237.14 (68.3% Upside)
AYA Aya Gold & Silver	Basic Materials	C$27.35 -8.1%	45.58	C$3.92 billion	Buy (Score: 3.20)	C$27.88 (1.9% Upside)
ATS ATS	Industrials	C$40.41 -2.4%	55.36	C$3.92 billion	Buy (Score: 3.00)	C$50.17 (24.1% Upside)
HPS.A Hammond Power Solutions	Computer and Technology	C$328.93 -0.2%	59.70	C$3.92 billion	Buy (Score: 3.00)	C$360.60 (9.6% Upside)
VNP 5N Plus	Basic Materials	C$43.02 -4.1%	66.18	C$3.87 billion	Buy (Score: 3.29)	C$43.58 (1.3% Upside)
ORA Aura Minerals	Basic Materials	C$45.97 -3.9%	N/A	C$3.84 billion	Strong Buy (Score: 4.00)	N/A
BLX Boralex	Utilities	C$36.92 +0.1%	N/A	C$3.79 billion	Moderate Buy (Score: 2.50)	C$38.39 (4.0% Upside)
SVM Silvercorp Metals	Basic Materials	C$17.13 -6.1%	N/A	C$3.79 billion	Moderate Buy (Score: 2.50)	C$15.25 (-11.0% Downside)
CEU CES Energy Solutions	Energy	C$17.92 +1.4%	18.47	C$3.78 billion	Hold (Score: 2.43)	C$18.64 (4.0% Upside)
EDR Endeavour Silver	Basic Materials	C$12.75 -6.3%	N/A	C$3.77 billion	Strong Buy (Score: 3.50)	C$19.23 (50.8% Upside)
MFI Maple Leaf Foods	Consumer Defensive	C$30.00 +0.9%	7.13	C$3.73 billion	Buy (Score: 3.09)	C$36.33 (21.1% Upside)
NVA NuVista Energy	Energy	C$19.04	11.83	C$3.69 billion	Hold (Score: 2.00)	C$17.82 (-6.4% Downside)
MAG MAG Silver	Basic Materials	C$34.38 +2.9%	34.73	C$3.56 billion	Hold (Score: 2.00)	C$31.70 (-7.8% Downside)
XGD iShares S&P/TSX Global Gold Index ETF		C$53.18 -2.2%	N/A	C$3.54 billion	N/A (Score: 0.00)	N/A
VCE Vanguard FTSE Canada Index ETF		C$74.80 -0.8%	N/A	C$3.49 billion	N/A (Score: 0.00)	N/A
RUS Russel Metals	Industrials	C$62.95 +0.7%	17.68	C$3.46 billion	Moderate Buy (Score: 2.88)	C$59.50 (-5.5% Downside)
VXC Vanguard FTSE Global All Cap ex Canada Index ETF		C$83.73 -0.3%	N/A	C$3.44 billion	N/A (Score: 0.00)	N/A
BDT Bird Construction	Industrials	C$61.67 +0.2%	68.52	C$3.42 billion	Buy (Score: 3.00)	C$59.20 (-4.0% Downside)
ALS Altius Minerals	Basic Materials	C$59.91	9.57	C$3.34 billion	Hold (Score: 2.33)	C$53.36 (-10.9% Downside)
BEI.UN Boardwalk Real Estate Investment Trust	Real Estate	C$63.67 -0.2%	69.97	C$3.32 billion	Moderate Buy (Score: 2.60)	C$79.50 (24.9% Upside)
TVK TerraVest Industries	Energy	C$152.14 -1.7%	46.53	C$3.30 billion	Moderate Buy (Score: 2.83)	C$175.33 (15.2% Upside)
ZQQ BMO Nasdaq 100 Equity Hedged to CAD Index ETF		C$207.09 -0.2%	N/A	C$3.29 billion	N/A (Score: 0.00)	N/A
EIT.UN Canoe EIT Income Fund		C$17.10 -0.2%	8.55	C$3.19 billion	N/A (Score: 0.00)	N/A
CRR.UN Crombie Real Estate Investment Trust	Real Estate	C$16.96 +0.1%	N/A	C$3.18 billion	Moderate Buy (Score: 2.75)	C$17.63 (3.9% Upside)
HWX Headwater Exploration	Energy	C$13.04 +0.9%	22.48	C$3.10 billion	Moderate Buy (Score: 2.50)	C$11.68 (-10.4% Downside)
PSA Purpose High Interest Savings Fund	Finance	C$50.03 +0.0%	N/A	C$3.08 billion	N/A (Score: 0.00)	N/A
FOM Foran Mining		C$5.44	N/A	C$3.07 billion	Buy (Score: 3.00)	N/A
ARE Aecon Group	Industrials	C$44.44 -1.4%	80.80	C$3.04 billion	Hold (Score: 2.36)	C$52.29 (17.7% Upside)
BDGI Badger Infrastructure Solutions	Industrials	C$89.31 -0.9%	53.16	C$3.01 billion	Moderate Buy (Score: 2.88)	C$82.50 (-7.6% Downside)
EXE Extendicare	Medical	C$31.25 +1.8%	22.99	C$2.96 billion	Buy (Score: 3.25)	C$32.56 (4.2% Upside)
IE Ivanhoe Electric	Basic Materials	C$18.66 -5.5%	N/A	C$2.95 billion	Buy (Score: 3.25)	C$26.25 (40.7% Upside)
FN First National Financial	Financial Services	C$47.98	15.63	C$2.88 billion	Reduce (Score: 1.50)	C$48.00 (0.0% Upside)
FRU Freehold Royalties	Energy	C$17.50 +0.5%	32.41	C$2.87 billion	Hold (Score: 2.17)	C$17.03 (-2.7% Downside)
INE Innergex Renewable Energy	Utilities	C$13.74	N/A	C$2.82 billion	N/A (Score: 0.00)	N/A
CCA Cogeco Communications	Communication Services	C$65.55 -0.2%	8.81	C$2.75 billion	Moderate Buy (Score: 2.71)	C$75.11 (14.6% Upside)
HR.UN H&R Real Estate Investment Trust	Real Estate	C$10.27 -1.3%	N/A	C$2.72 billion	Moderate Buy (Score: 2.75)	C$12.00 (16.8% Upside)
USA Americas Silver	Basic Materials	C$8.28 -6.5%	N/A	C$2.71 billion	Buy (Score: 3.25)	C$11.67 (40.9% Upside)
NFI NFI Group	Consumer Cyclical	C$22.69 -1.6%	N/A	C$2.70 billion	Buy (Score: 3.33)	C$25.00 (10.2% Upside)
PXT Parex Resources	Energy	C$27.11 -0.8%	14.65	C$2.61 billion	Moderate Buy (Score: 2.50)	C$23.30 (-14.1% Downside)
WTE Westshore Terminals Investment	Industrials	C$42.08 +0.3%	26.47	C$2.60 billion	Buy (Score: 3.00)	C$39.00 (-7.3% Downside)
BHC Bausch Health Companies	Medical	C$6.91 -0.9%	N/A	C$2.58 billion	Hold (Score: 2.00)	N/A
LAC Lithium Americas	Basic Materials	C$7.29 -8.2%	N/A	C$2.56 billion	Hold (Score: 2.25)	C$8.25 (13.2% Upside)

(Last Updated: 6/3/2026)

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

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 Author

Chris Markoch

Associate Editor & Contributing Author

Learn More

More Stock Ideas from MarketBeat

Stock Lists

Low Priced Stocks

Stocks By Exchange

Latest Stock Ideas

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Top TSX Stocks

S&P TSX Stock Chart