Best Canadian Stocks to Buy 2026

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Company	Sector	Current Price	P/E Ratio	Market Cap	Consensus Analyst Rating	Consensus Price Target
BRK Berkshire Hathaway	Finance	C$36.13 -1.1%	16.47	C$1.40 trillion	N/A (Score: 0.00)	N/A
PG Premier Gold Mines	Materials	C$23.60 -1.1%	28.47	C$438.05 billion	N/A (Score: 0.00)	N/A
RY Royal Bank of Canada	Finance	C$300.09 -0.2%	19.51	C$417.02 billion	Moderate Buy (Score: 2.83)	C$278.23 (-7.3% Downside)
GS Gluskin Sheff + Associates	Finance	C$50.01 +0.9%	21.19	C$399.61 billion	N/A (Score: 0.00)	N/A
TD Toronto-Dominion Bank	Finance	C$172.52 -0.1%	20.25	C$285.01 billion	Moderate Buy (Score: 2.60)	C$159.17 (-7.7% Downside)
SHOP Shopify	Technology	C$206.40 -3.7%	139.46	C$265.56 billion	Moderate Buy (Score: 2.75)	C$198.00 (-4.1% Downside)
ABT Absolute Software Co. (ABT.TO)	Technology	C$19.29 -0.8%	47.99	C$257.65 billion	N/A (Score: 0.00)	N/A
BMO Bank of Montreal	Finance	C$257.05 -0.3%	19.74	C$180.04 billion	Hold (Score: 2.45)	C$239.75 (-6.7% Downside)
CM Canadian Imperial Bank of Commerce	Finance	C$171.36 -0.2%	17.00	C$156.42 billion	Hold (Score: 2.45)	C$160.95 (-6.1% Downside)
BNS Bank of Nova Scotia	Finance	C$126.70 -0.2%	17.48	C$154.46 billion	Hold (Score: 2.09)	C$117.00 (-7.7% Downside)
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ENB Enbridge	Energy	C$70.22 -0.6%	27.11	C$153.37 billion	Hold (Score: 2.27)	C$76.00 (8.2% Upside)
BX Biox	Energy	C$17.62 -2.4%	43.45	C$150.89 billion	N/A (Score: 0.00)	N/A
CNQ Canadian Natural Resources	Energy	C$68.38 +3.0%	12.17	C$140.97 billion	Moderate Buy (Score: 2.54)	C$65.65 (-4.0% Downside)
BN Brookfield	Finance	C$59.41 -2.4%	110.02	C$132.70 billion	Strong Buy (Score: 3.50)	C$58.50 (-1.5% Downside)
AEM Agnico Eagle Mines	Materials	C$261.67 +1.1%	22.40	C$131.09 billion	Moderate Buy (Score: 2.89)	C$295.33 (12.9% Upside)
NGT Newmont	Materials	C$116.00 -1.1%	20.86	C$127.42 billion	Strong Buy (Score: 3.55)	C$125.00 (7.8% Upside)
BAM Brookfield Asset Management	Finance	C$73.00 -3.1%	41.95	C$116.60 billion	Buy (Score: 3.00)	C$75.00 (2.7% Upside)
CP Canadian Pacific Kansas City	Industrials	C$130.19 +0.3%	30.28	C$114.45 billion	Moderate Buy (Score: 2.79)	C$134.36 (3.2% Upside)
SU Suncor Energy	Energy	C$92.59 +1.3%	12.36	C$108.30 billion	Moderate Buy (Score: 2.77)	C$97.69 (5.5% Upside)
CNR Canadian National Railway	Industrials	C$175.51 -0.2%	22.53	C$106.17 billion	Moderate Buy (Score: 2.75)	C$183.29 (4.4% Upside)
MFC Manulife Financial	Finance	C$61.40 -0.5%	16.64	C$101.88 billion	Buy (Score: 3.00)	C$66.00 (7.5% Upside)
ABX Barrick Gold	Materials	C$58.97 +2.0%	15.24	C$98.80 billion	Buy (Score: 3.00)	C$68.00 (15.3% Upside)
TRP TC Energy	Energy	C$87.85 -1.1%	26.30	C$91.52 billion	Hold (Score: 2.40)	C$94.64 (7.7% Upside)
IMO Imperial Oil	Energy	C$187.20 +1.1%	21.87	C$90.53 billion	Reduce (Score: 1.50)	C$143.25 (-23.5% Downside)
NA National Bank of Canada	Finance	C$231.70 +0.2%	20.50	C$89.24 billion	Hold (Score: 2.18)	C$208.54 (-10.0% Downside)
WPM Wheaton Precious Metals	Materials	C$189.48 +1.7%	42.03	C$86.05 billion	Buy (Score: 3.13)	C$194.63 (2.7% Upside)
ATD Alimentation Couche-Tard	Consumer Staples	C$90.47 -1.6%	26.85	C$83.05 billion	Moderate Buy (Score: 2.85)	C$101.20 (11.9% Upside)
CVE Cenovus Energy	Energy	C$44.56 +3.4%	12.38	C$82.18 billion	Buy (Score: 3.07)	C$43.73 (-1.9% Downside)
GWO Great-West Lifeco	Finance	C$91.78 -0.8%	18.96	C$82.16 billion	Moderate Buy (Score: 2.75)	C$93.27 (1.6% Upside)
L Loblaw Companies	Consumer Staples	C$60.79 -1.8%	25.76	C$70.75 billion	Moderate Buy (Score: 2.86)	C$71.00 (16.8% Upside)
FNV Franco-Nevada	Materials	C$330.77 +1.7%	43.24	C$63.79 billion	Strong Buy (Score: 3.60)	C$356.56 (7.8% Upside)
CSU Constellation Software	Technology	C$2,990.99 -3.2%	65.98	C$63.39 billion	Moderate Buy (Score: 2.89)	C$3,884.40 (29.9% Upside)
SLF Sun Life Financial	Finance	C$112.00 -0.8%	18.98	C$62.02 billion	Moderate Buy (Score: 2.50)	C$116.00 (3.6% Upside)
CCO Cameco	Energy	C$136.69 +0.8%	168.75	C$59.53 billion	Buy (Score: 3.00)	C$175.61 (28.5% Upside)
TRI Thomson Reuters	Industrials	C$137.41 -4.3%	36.58	C$59.53 billion	Buy (Score: 3.09)	C$166.33 (21.0% Upside)
CLS Celestica	Technology	C$471.51 +1.3%	57.15	C$59.46 billion	Strong Buy (Score: 3.86)	C$367.50 (-22.1% Downside)
POW Power Co. of Canada	Finance	C$94.43 -0.6%	23.26	C$59.28 billion	Moderate Buy (Score: 2.60)	C$86.60 (-8.3% Downside)
WCN Waste Connections	Industrials	C$228.94 -0.8%	55.30	C$57.59 billion	Strong Buy (Score: 3.71)	N/A
DOL Dollarama	Consumer Discretionary	C$187.54 -2.1%	38.59	C$50.78 billion	Moderate Buy (Score: 2.92)	C$216.00 (15.2% Upside)
FFH Fairfax Financial	Finance	C$2,253.56 -0.8%	11.06	C$46.80 billion	Moderate Buy (Score: 2.57)	C$2,751.57 (22.1% Upside)
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IFC Intact Financial	Finance	C$263.76 -1.6%	14.67	C$46.51 billion	Moderate Buy (Score: 2.80)	C$331.09 (25.5% Upside)
K Kinross Gold	Materials	C$38.46 +1.5%	14.62	C$45.62 billion	Buy (Score: 3.00)	C$47.36 (23.1% Upside)
NTR Nutrien	Materials	C$94.74 +0.0%	19.18	C$45.21 billion	Buy (Score: 3.00)	C$74.33 (-21.5% Downside)
TECK.A Teck Resources	Materials	C$90.23 +3.1%	17.73	C$44.27 billion	N/A (Score: 0.00)	C$80.00 (-11.3% Downside)
TECK.B Teck Resources	Materials	C$89.98 +2.1%	17.68	C$44.14 billion	Hold (Score: 2.33)	C$84.27 (-6.3% Downside)
FTS Fortis	Utilities	C$78.36 -0.4%	23.05	C$40.03 billion	Moderate Buy (Score: 2.50)	C$79.68 (1.7% Upside)
PPL Pembina Pipeline	Energy	C$67.54 -1.3%	23.78	C$39.28 billion	Moderate Buy (Score: 2.85)	C$68.86 (2.0% Upside)
QSR Restaurant Brands International	Consumer Discretionary	C$107.08 -0.5%	28.86	C$37.35 billion	Buy (Score: 3.00)	C$84.00 (-21.6% Downside)
FM First Quantum Minerals	Materials	C$44.69 +2.4%	N/A	C$37.28 billion	Moderate Buy (Score: 2.92)	C$44.68 (0.0% Downside)
WN George Weston	Consumer Staples	C$97.97 -1.7%	38.42	C$36.66 billion	Moderate Buy (Score: 2.60)	C$111.00 (13.3% Upside)
BBD.B Bombardier, Inc. Class B	Industrials	C$356.38 +0.5%	39.64	C$35.16 billion	Hold (Score: 2.40)	C$309.00 (-13.3% Downside)
VFV Vanguard S&P 500 Index ETF		C$190.73 -0.5%	N/A	C$35.12 billion	N/A (Score: 0.00)	N/A
BBD.A Bombardier	Industrials	C$355.48 +0.4%	39.54	C$35.07 billion	Buy (Score: 3.00)	C$355.00 (-0.1% Downside)
H Hydro One	Utilities	C$55.44 -1.7%	23.49	C$33.27 billion	Hold (Score: 2.00)	C$57.09 (3.0% Upside)
APH Aphria	Healthcare	C$25.59 +2.9%	6.40	C$31.55 billion	N/A (Score: 0.00)	N/A
LUN Lundin Mining	Materials	C$36.17 +2.4%	20.67	C$30.79 billion	Hold (Score: 2.47)	C$39.64 (9.6% Upside)
BCE BCE	Communication Services	C$32.41 -0.5%	4.81	C$30.22 billion	Moderate Buy (Score: 2.77)	C$37.31 (15.1% Upside)
PAAS Pan American Silver	Materials	C$66.78 +1.5%	19.76	C$27.69 billion	Buy (Score: 3.00)	C$84.40 (26.4% Upside)
RCI.A Rogers Communications	Communication Services	C$51.01 +0.0%	4.47	C$27.56 billion	N/A (Score: 0.00)	N/A
MG Magna International	Consumer Discretionary	C$98.98 +1.5%	36.39	C$27.36 billion	Strong Buy (Score: 3.60)	N/A
RCI.B Rogers Communications	Communication Services	C$50.10 -0.9%	4.39	C$27.07 billion	Moderate Buy (Score: 2.82)	C$59.00 (17.8% Upside)
WSP WSP Global	Industrials	C$196.50 +0.4%	28.03	C$26.49 billion	Buy (Score: 3.08)	C$294.15 (49.7% Upside)
BIP.UN Brookfield Infrastructure Partners	Utilities	C$54.04 -2.1%	87.16	C$24.97 billion	N/A (Score: 0.00)	N/A
XIU iShares S&P/TSX 60 Index ETF		C$54.68 -0.3%	N/A	C$24.86 billion	N/A (Score: 0.00)	N/A
OVV Ovintiv	Energy	C$88.63 +1.4%	24.76	C$24.52 billion	Strong Buy (Score: 3.50)	C$75.00 (-15.4% Downside)
TOU Tourmaline Oil	Energy	C$60.09 +1.0%	65.32	C$23.35 billion	Moderate Buy (Score: 2.80)	C$70.36 (17.1% Upside)
LUG Lundin Gold	Materials	C$90.80 +0.4%	23.58	C$21.96 billion	Buy (Score: 3.00)	C$101.33 (11.6% Upside)
EMA Emera	Utilities	C$70.96 -0.7%	22.53	C$21.71 billion	Moderate Buy (Score: 2.67)	C$76.67 (8.0% Upside)
WCP Whitecap Resources	Energy	C$17.53 +2.7%	15.65	C$21.31 billion	Buy (Score: 3.23)	C$18.55 (5.8% Upside)
T TELUS	Communication Services	C$13.44 -0.7%	N/A	C$21.17 billion	Hold (Score: 2.08)	C$18.68 (39.0% Upside)
RBA RB Global	Industrials	C$114.00 -2.5%	49.14	C$21.11 billion	Buy (Score: 3.25)	C$134.50 (18.0% Upside)
GIB.A CGI	Technology	C$100.53 -1.3%	12.49	C$20.82 billion	Moderate Buy (Score: 2.58)	C$124.23 (23.6% Upside)
GFL GFL Environmental	Industrials	C$57.62 -0.9%	N/A	C$20.79 billion	Strong Buy (Score: 3.60)	N/A
IGM IGM Financial	Finance	C$88.31 -0.8%	17.88	C$20.39 billion	Hold (Score: 2.43)	C$82.00 (-7.1% Downside)
AGI Alamos Gold	Materials	C$47.18 +1.8%	16.91	C$19.75 billion	Buy (Score: 3.00)	C$74.70 (58.3% Upside)
VUN Vanguard U.S. Total Market Index ETF		C$144.09 -0.4%	N/A	C$19.62 billion	N/A (Score: 0.00)	N/A
EQX Equinox Gold	Materials	C$16.33 +1.4%	15.12	C$19.06 billion	Buy (Score: 3.14)	C$24.50 (50.0% Upside)
ARX ARC Resources	Energy	C$33.43 +0.8%	13.53	C$18.92 billion	Hold (Score: 2.31)	C$30.35 (-9.2% Downside)
EDV Endeavour Mining	Materials	C$77.92 +1.3%	22.92	C$18.78 billion	Moderate Buy (Score: 2.67)	C$93.50 (20.0% Upside)
MRU Metro	Consumer Staples	C$87.90 -0.2%	20.88	C$18.39 billion	Hold (Score: 2.33)	C$102.33 (16.4% Upside)
ZCN BMO S&P/TSX Capped Composite Index ETF		C$49.13 -0.2%	N/A	C$18.26 billion	N/A (Score: 0.00)	N/A
IAG iA Financial	Finance	C$205.51 -0.6%	17.69	C$18.16 billion	Hold (Score: 2.11)	C$213.61 (3.9% Upside)
VCN Vanguard FTSE Canada All Cap Index ETF		C$74.63 -0.1%	N/A	C$17.72 billion	N/A (Score: 0.00)	N/A
TIH Toromont Industries	Industrials	C$216.88 +0.4%	34.54	C$17.69 billion	Moderate Buy (Score: 2.78)	C$246.89 (13.8% Upside)
KEY Keyera	Energy	C$58.83 +0.1%	38.45	C$17.26 billion	Moderate Buy (Score: 2.85)	C$62.69 (6.6% Upside)
HBM Hudbay Minerals	Materials	C$38.00 +2.7%	23.34	C$16.88 billion	Buy (Score: 3.08)	C$40.91 (7.6% Upside)
VEQT Vanguard All-Equity ETF Portfolio		C$62.67 -0.2%	N/A	C$16.75 billion	N/A (Score: 0.00)	N/A
IVN Ivanhoe Mines	Materials	C$11.70 +2.5%	130.00	C$16.69 billion	Moderate Buy (Score: 2.56)	C$14.41 (23.2% Upside)
TFII TFI International	Industrials	C$202.26 -0.6%	49.70	C$16.62 billion	Buy (Score: 3.00)	C$184.40 (-8.8% Downside)
ALA AltaGas	Utilities	C$53.17 -0.9%	26.85	C$16.59 billion	Buy (Score: 3.00)	C$56.56 (6.4% Upside)
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CCL.A CCL Industries	Materials	C$97.12	20.80	C$16.42 billion	N/A (Score: 0.00)	N/A
SAP Saputo	Consumer Staples	C$40.80 -4.4%	32.90	C$16.34 billion	Moderate Buy (Score: 2.80)	C$47.18 (15.6% Upside)
CCL.B CCL Industries	Materials	C$95.14 -1.4%	20.37	C$16.08 billion	Moderate Buy (Score: 2.86)	C$106.60 (12.0% Upside)
PHYS.U Sprott Physical Gold Trust		C$33.56 +1.0%	6.09	C$15.92 billion	N/A (Score: 0.00)	N/A
ATZ Aritzia	Consumer Discretionary	C$134.55 -3.0%	35.13	C$15.42 billion	Moderate Buy (Score: 2.93)	C$183.13 (36.1% Upside)
CGG China Gold International Resources	Materials	C$38.48 +1.6%	24.77	C$15.25 billion	N/A (Score: 0.00)	N/A
IMG IAMGOLD	Materials	C$26.46 +4.1%	13.36	C$15.11 billion	Buy (Score: 3.00)	C$31.07 (17.4% Upside)
X TMX Group	Finance	C$53.23 -0.3%	24.53	C$14.66 billion	Moderate Buy (Score: 2.89)	C$65.28 (22.6% Upside)
QBR.B Quebecor	Communication Services	C$65.46 -0.2%	16.04	C$14.63 billion	Moderate Buy (Score: 2.58)	C$69.71 (6.5% Upside)
CU Canadian Utilities	Utilities	C$53.72 -0.1%	335.75	C$14.63 billion	Hold (Score: 2.00)	C$53.57 (-0.3% Downside)
ELD Eldorado Gold	Materials	C$55.90 +1.5%	19.89	C$14.58 billion	Moderate Buy (Score: 2.89)	C$62.50 (11.8% Upside)
QBR.A Quebecor	Communication Services	C$65.00 -1.1%	15.93	C$14.53 billion	Hold (Score: 2.00)	C$61.42 (-5.5% Downside)
GIL Gildan Activewear	Consumer Discretionary	C$77.53 -1.5%	152.02	C$14.36 billion	Moderate Buy (Score: 2.75)	C$89.50 (15.4% Upside)
BEP.UN Brookfield Renewable Partners	Utilities	C$47.80 -0.9%	N/A	C$14.35 billion	Moderate Buy (Score: 2.50)	C$41.50 (-13.2% Downside)
DPM Dundee Precious Metals	Materials	C$63.51 +1.9%	20.55	C$13.93 billion	Buy (Score: 3.14)	C$56.11 (-11.6% Downside)
HUT Hut 8	Technology	C$122.01 +2.9%	N/A	C$13.74 billion	Strong Buy (Score: 3.75)	N/A
AG First Majestic Silver	Materials	C$27.18 +1.6%	38.83	C$13.40 billion	Buy (Score: 3.00)	C$30.40 (11.8% Upside)
ZAG BMO Aggregate Bond Index ETF		C$13.56 -0.1%	N/A	C$13.23 billion	N/A (Score: 0.00)	N/A
FTT Finning International	Industrials	C$95.52 +1.4%	22.80	C$12.43 billion	Buy (Score: 3.00)	C$116.78 (22.3% Upside)
CAE CAE	Industrials	C$37.68 +3.9%	42.34	C$12.13 billion	Moderate Buy (Score: 2.82)	C$48.00 (27.4% Upside)
STN Stantec	Industrials	C$103.13 +0.9%	23.28	C$11.76 billion	Buy (Score: 3.00)	C$143.00 (38.7% Upside)
CS Capstone Copper	Materials	C$15.14 +0.3%	24.42	C$11.57 billion	Buy (Score: 3.00)	C$16.35 (8.0% Upside)
TNX TRX Gold	Materials	C$40.79 +0.7%	N/A	C$11.38 billion	N/A (Score: 0.00)	N/A
CHP.UN Choice Properties Real Est Invstmnt Trst	Real Estate	C$15.50 -1.2%	N/A	C$11.22 billion	Moderate Buy (Score: 2.50)	C$16.90 (9.0% Upside)
CTC Canadian Tire	Consumer Discretionary	C$213.36 -1.4%	16.88	C$11.13 billion	Buy (Score: 3.00)	N/A
EMP.A Empire	Consumer Staples	C$48.83 -0.5%	56.78	C$10.93 billion	Hold (Score: 2.38)	C$55.00 (12.6% Upside)
VGRO Vanguard Growth ETF Portfolio		C$48.22 -0.1%	N/A	C$10.83 billion	N/A (Score: 0.00)	N/A
EFN Element Fleet Management	Industrials	C$27.62 -2.1%	37.32	C$10.81 billion	Buy (Score: 3.00)	C$42.14 (52.6% Upside)
CPX Capital Power	Utilities	C$67.23 -0.1%	117.95	C$10.56 billion	Buy (Score: 3.10)	C$80.11 (19.2% Upside)
CTC.A Canadian Tire	Consumer Discretionary	C$197.80 -0.8%	17.95	C$10.32 billion	Hold (Score: 2.33)	C$204.00 (3.1% Upside)
XBB iShares Core Canadian Universe Bond Index ETF		C$27.67 -0.2%	N/A	C$10.07 billion	N/A (Score: 0.00)	N/A
NXE NexGen Energy	Energy	C$14.91 +3.6%	N/A	C$10.00 billion	Buy (Score: 3.00)	C$19.75 (32.5% Upside)
SSRM SSR Mining	Materials	C$45.43 +1.7%	40.93	C$9.83 billion	Buy (Score: 3.00)	C$47.50 (4.6% Upside)
NGD New Gold	Materials	C$12.16	11.26	C$9.63 billion	Buy (Score: 3.00)	C$12.33 (1.4% Upside)
BTO B2Gold	Materials	C$7.21 +1.4%	12.88	C$9.61 billion	Buy (Score: 3.25)	C$9.33 (29.4% Upside)
SCR Strathcona Resources	Energy	C$43.98 +1.7%	11.16	C$9.42 billion	Buy (Score: 3.00)	C$43.00 (-2.2% Downside)
DFY Definity Financial	Finance	C$77.20 -1.7%	20.05	C$9.28 billion	Moderate Buy (Score: 2.50)	C$83.40 (8.0% Upside)
DSV Discovery Silver	Materials	C$11.32 -0.5%	35.38	C$9.22 billion	Strong Buy (Score: 4.00)	N/A
VDY Vanguard FTSE Canadian High Dividend Yield Index ETF		C$78.86	N/A	C$9.17 billion	N/A (Score: 0.00)	N/A
OGC OceanaGold	Materials	C$40.86 +2.8%	10.84	C$9.09 billion	Buy (Score: 3.00)	C$60.13 (47.1% Upside)
FSV FirstService	Real Estate	C$193.85 -0.8%	54.92	C$8.91 billion	Buy (Score: 3.25)	C$200.67 (3.5% Upside)
DSG The Descartes Systems Group	Technology	C$103.90 -3.2%	51.69	C$8.90 billion	Strong Buy (Score: 3.80)	N/A
BEPC Brookfield Renewable	Utilities	C$48.64 -1.3%	N/A	C$8.87 billion	Hold (Score: 2.00)	C$49.00 (0.7% Upside)
ONEX Onex	Finance	C$114.41 -1.0%	13.82	C$8.72 billion	Moderate Buy (Score: 2.60)	C$153.60 (34.3% Upside)
OR Osisko Gold Royalties	Materials	C$46.24 -0.1%	30.83	C$8.66 billion	Moderate Buy (Score: 2.67)	C$63.20 (36.7% Upside)
ACO.X ATCO	Utilities	C$76.45 -0.6%	47.78	C$8.60 billion	Hold (Score: 2.17)	C$78.29 (2.4% Upside)
AC Air Canada	Industrials	C$29.95 +1.0%	22.86	C$8.39 billion	Moderate Buy (Score: 2.70)	C$31.27 (4.4% Upside)
PSK PrairieSky Royalty	Energy	C$35.33 +1.3%	33.97	C$8.21 billion	Moderate Buy (Score: 2.86)	C$34.42 (-2.6% Downside)
OTEX Open Text	Technology	C$33.23 -2.4%	12.88	C$8.06 billion	Hold (Score: 2.00)	C$27.50 (-17.2% Downside)
MAU Montage Gold	Materials	C$19.70 +5.0%	N/A	C$7.96 billion	Buy (Score: 3.00)	C$16.77 (-14.9% Downside)
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MDA MDA Space	Industrials	C$48.89 +0.1%	61.89	C$7.92 billion	Buy (Score: 3.09)	C$64.50 (31.9% Upside)
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)
HXS Horizons S&P 500 Index ETF		C$111.29 -0.5%	N/A	C$7.66 billion	N/A (Score: 0.00)	N/A
EIF Exchange Income	Industrials	C$133.27 +0.1%	36.12	C$7.51 billion	Buy (Score: 3.08)	C$145.92 (9.5% Upside)
VAB Vanguard Canadian Aggregate Bond Index ETF		C$22.55 -0.3%	N/A	C$7.49 billion	N/A (Score: 0.00)	N/A
ZEB BMO Equal Weight Banks Index ETF		C$78.17 -0.2%	N/A	C$7.49 billion	N/A (Score: 0.00)	N/A
WFG West Fraser Timber	Materials	C$94.84 -3.5%	N/A	C$7.43 billion	Hold (Score: 2.00)	C$96.50 (1.8% Upside)
PRU Perseus Mining	Materials	C$5.56 +2.8%	21.40	C$7.38 billion	Strong Buy (Score: 3.67)	N/A
CIGI Colliers International Group	Real Estate	C$143.28 -1.8%	67.91	C$7.32 billion	N/A (Score: 0.00)	N/A
KNT K92 Mining	Materials	C$29.05 +2.2%	19.76	C$7.14 billion	Buy (Score: 3.33)	C$37.20 (28.1% Upside)
BB BlackBerry	Technology	C$12.11 -1.9%	121.10	C$7.10 billion	Moderate Buy (Score: 2.50)	C$12.00 (-0.9% Downside)
PKI Parkland	Energy	C$39.84 -0.4%	20.86	C$6.96 billion	N/A (Score: 0.00)	N/A
BIPC Brookfield Infrastructure	Utilities	C$54.85 -2.2%	N/A	C$6.75 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
CSH.UN Chartwell Retirement Residences	Healthcare	C$20.41 -1.6%	1,102.59	C$6.70 billion	Buy (Score: 3.10)	C$25.77 (26.3% Upside)
DOO BRP	Consumer Discretionary	C$88.46 -1.2%	24.17	C$6.52 billion	Moderate Buy (Score: 2.56)	C$98.73 (11.6% Upside)
TVE Tamarack Valley Energy	Energy	C$13.54 +2.4%	193.43	C$6.43 billion	Buy (Score: 3.00)	C$13.38 (-1.2% Downside)
LNR Linamar	Consumer Discretionary	C$106.54 +0.6%	10.15	C$6.28 billion	Moderate Buy (Score: 2.50)	C$111.67 (4.8% Upside)
REI.UN RioCan Real Estate Investment Trust	Real Estate	C$21.50 -0.7%	25.00	C$6.25 billion	Moderate Buy (Score: 2.75)	C$23.81 (10.8% Upside)
AQN Algonquin Power & Utilities	Utilities	C$8.08 -1.1%	44.89	C$6.22 billion	Buy (Score: 3.13)	C$8.00 (-1.0% Downside)
ZLB BMO Low Volatility Canadian Equity ETF		$61.25 -0.8%	N/A	$6.22 billion	N/A (Score: 0.00)	N/A
MX Methanex	Materials	C$79.41 +2.0%	90.24	C$6.14 billion	Buy (Score: 3.00)	C$60.00 (-24.4% Downside)
ELF E-L Financial	Finance	C$17.58 -1.1%	3.43	C$6.08 billion	N/A (Score: 0.00)	N/A
CG Centerra Gold	Materials	C$30.40 +1.7%	9.71	C$5.95 billion	Moderate Buy (Score: 2.50)	C$28.17 (-7.3% Downside)
TXG Torex Gold Resources	Materials	C$64.11 +1.4%	9.85	C$5.94 billion	Moderate Buy (Score: 2.67)	C$85.00 (32.6% Upside)
HXT Horizons S&P/TSX 60 Index ETF		C$97.72 -0.2%	N/A	C$5.68 billion	N/A (Score: 0.00)	N/A
GRT.UN Granite Real Estate Investment Trust	Real Estate	C$90.54 -0.6%	14.98	C$5.62 billion	Buy (Score: 3.00)	C$103.50 (14.3% Upside)
TA TransAlta	Utilities	C$17.63 -0.8%	N/A	C$5.58 billion	Buy (Score: 3.00)	C$25.00 (41.8% Upside)
NPI Northland Power	Utilities	C$21.25 -1.5%	N/A	C$5.56 billion	Moderate Buy (Score: 2.70)	C$24.90 (17.2% Upside)
SKE Skeena Resources	Materials	C$44.54 -3.0%	N/A	C$5.53 billion	Buy (Score: 3.00)	C$47.43 (6.5% Upside)
GEI Gibson Energy	Energy	C$31.92 -0.3%	31.92	C$5.51 billion	Moderate Buy (Score: 2.60)	C$32.50 (1.8% Upside)
GLXY Galaxy Digital	Finance	C$28.26	N/A	C$5.39 billion	N/A (Score: 0.00)	N/A
AYA Aya Gold & Silver	Materials	C$36.95 +2.8%	61.58	C$5.30 billion	Buy (Score: 3.25)	C$33.67 (-8.9% Downside)
SES Secure Energy Services	Industrials	C$24.11 -0.7%	40.86	C$5.26 billion	Hold (Score: 2.00)	C$23.16 (-4.0% Downside)
ATH Athabasca Oil	Energy	C$10.92 +3.4%	23.23	C$5.26 billion	Hold (Score: 2.43)	C$11.50 (5.3% Upside)
EFR Energy Fuels	Energy	C$20.51 -2.1%	N/A	C$5.13 billion	Strong Buy (Score: 4.00)	N/A
CAR.UN Canadian Apartment Properties REIT	Real Estate	C$33.60 -0.5%	N/A	C$5.12 billion	Buy (Score: 3.00)	C$45.31 (34.9% Upside)
ERO Ero Copper	Materials	C$48.44 +3.2%	16.42	C$5.05 billion	Moderate Buy (Score: 2.60)	C$47.63 (-1.7% Downside)
OLA Orla Mining	Materials	C$13.46	18.69	C$5.05 billion	Buy (Score: 3.25)	C$28.39 (110.9% Upside)
PEY Peyto Exploration & Development	Energy	C$24.51 +0.1%	10.26	C$5.04 billion	Moderate Buy (Score: 2.67)	C$26.64 (8.7% Upside)
EQB EQB	Finance	C$140.22 -1.3%	27.55	C$4.97 billion	Hold (Score: 2.45)	C$133.20 (-5.0% Downside)
BITF Bitfarms	Technology	C$8.24	N/A	C$4.97 billion	N/A (Score: 0.00)	N/A
WDO Wesdome Gold Mines	Materials	C$33.28 +2.3%	12.42	C$4.94 billion	Buy (Score: 3.20)	C$31.57 (-5.1% Downside)
zwb BMO Covered Call Canadian Banks ETF (ZWB.TO)		C$31.93 -0.1%	N/A	C$4.89 billion	N/A (Score: 0.00)	N/A
FCR.UN First Capital Real Estate Investment Trust	Real Estate	C$22.80 -0.4%	4.69	C$4.85 billion	Hold (Score: 2.17)	C$23.90 (4.8% Upside)
SEA Seabridge Gold	Materials	C$45.01 -3.1%	N/A	C$4.84 billion	N/A (Score: 0.00)	N/A
TPZ Topaz Energy	Energy	C$31.02 +0.9%	33.35	C$4.80 billion	Buy (Score: 3.00)	C$34.07 (9.8% Upside)
SSL Sandstorm Gold	Materials	C$16.15 -2.1%	134.58	C$4.73 billion	N/A (Score: 0.00)	C$21.75 (34.7% Upside)
ZCS BMO Short Corporate Bond Index ETF		C$13.92 +0.1%	N/A	C$4.72 billion	N/A (Score: 0.00)	N/A
POU Paramount Resources	Energy	C$32.34 +1.4%	41.46	C$4.72 billion	Moderate Buy (Score: 2.50)	C$34.35 (6.2% Upside)
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NG NovaGold Resources	Materials	C$10.75 -2.4%	N/A	C$4.72 billion	Strong Buy (Score: 3.60)	C$18.00 (67.4% Upside)
KXS Kinaxis	Technology	C$170.70 -1.5%	55.78	C$4.64 billion	Buy (Score: 3.00)	C$203.13 (19.0% Upside)
CIX CI Financial	Finance	C$31.99	N/A	C$4.61 billion	N/A (Score: 0.00)	N/A
XSB iShares Core Canadian Short Term Bond Index ETF		C$26.78 -0.1%	N/A	C$4.46 billion	N/A (Score: 0.00)	N/A
TKO Taseko Mines	Materials	C$12.12 +4.4%	404.00	C$4.44 billion	Buy (Score: 3.00)	C$13.17 (8.6% Upside)
BTE Baytex Energy	Energy	C$6.32 +4.6%	N/A	C$4.42 billion	Moderate Buy (Score: 2.55)	C$7.05 (11.6% Upside)
FVI Fortuna Silver Mines	Materials	C$14.92 +0.7%	12.64	C$4.42 billion	Buy (Score: 3.00)	C$15.75 (5.6% Upside)
AII Almonty Industries	Materials	C$15.51	N/A	C$4.40 billion	Strong Buy (Score: 4.00)	N/A
RUS Russel Metals	Industrials	C$80.03 +0.4%	20.42	C$4.39 billion	Moderate Buy (Score: 2.63)	C$76.89 (-3.9% Downside)
SII Sprott	Finance	C$168.88 +4.3%	41.39	C$4.35 billion	Moderate Buy (Score: 2.60)	C$187.40 (11.0% Upside)
CRT.UN CT Real Estate Investment Trust	Real Estate	C$17.95 -0.3%	9.36	C$4.29 billion	Hold (Score: 2.00)	C$17.93 (-0.1% Downside)
PPTA Perpetua Resources	Materials	C$33.79 -3.4%	N/A	C$4.23 billion	Buy (Score: 3.00)	C$55.00 (62.8% Upside)
PBH Premium Brands	Consumer Staples	C$80.70 -1.3%	49.21	C$4.20 billion	Buy (Score: 3.00)	C$116.25 (44.1% Upside)
XGD iShares S&P/TSX Global Gold Index ETF		C$56.55 +1.9%	N/A	C$4.19 billion	N/A (Score: 0.00)	N/A
EDR Endeavour Silver	Materials	C$14.07 -4.7%	70.35	C$4.17 billion	Strong Buy (Score: 3.67)	C$19.23 (36.7% Upside)
BDT Bird Construction	Industrials	C$74.46 +1.8%	82.73	C$4.13 billion	Buy (Score: 3.00)	C$75.60 (1.5% Upside)
SRU.UN SmartCentres Real Estate Investment Trst	Real Estate	C$28.26 -1.6%	31.16	C$4.09 billion	Hold (Score: 2.33)	C$29.17 (3.2% Upside)
BBU.UN Brookfield Business Partners	Industrials	C$45.79	N/A	C$4.06 billion	N/A (Score: 0.00)	N/A
CEU CES Energy Solutions	Energy	C$19.30 +1.0%	20.98	C$4.05 billion	Moderate Buy (Score: 2.75)	C$19.72 (2.2% Upside)
SJ Stella-Jones	Materials	C$73.60 -0.6%	15.59	C$4.02 billion	Moderate Buy (Score: 2.63)	C$90.00 (22.3% Upside)
DML Denison Mines	Energy	C$4.41 -1.3%	N/A	C$3.99 billion	Buy (Score: 3.00)	C$6.33 (43.6% Upside)
DIR.UN Dream Industrial Real Estate Invest Trst	Real Estate	C$14.04 +0.4%	24.29	C$3.93 billion	Buy (Score: 3.00)	C$15.47 (10.2% Upside)
ORA Aura Minerals	Materials	C$45.97 -3.9%	N/A	C$3.84 billion	Strong Buy (Score: 4.00)	N/A
IPCO International Petroleum	Energy	C$33.99 +4.8%	178.89	C$3.83 billion	Moderate Buy (Score: 2.50)	C$38.25 (12.5% Upside)
BLX Boralex	Utilities	C$37.24 +0.0%	N/A	C$3.83 billion	Moderate Buy (Score: 2.50)	C$38.39 (3.1% Upside)
EFX Enerflex	Energy	C$31.25 +0.5%	71.02	C$3.82 billion	Moderate Buy (Score: 2.75)	C$35.66 (14.1% Upside)
VCE Vanguard FTSE Canada Index ETF		C$78.98 -0.2%	N/A	C$3.78 billion	N/A (Score: 0.00)	N/A
NVA NuVista Energy	Energy	C$19.04	11.83	C$3.69 billion	Hold (Score: 2.00)	C$18.26 (-4.1% Downside)
ALS Altius Minerals	Materials	C$62.34 -1.5%	9.90	C$3.66 billion	Hold (Score: 2.33)	C$63.63 (2.1% Upside)
SVM Silvercorp Metals	Materials	C$16.52 -0.9%	150.18	C$3.65 billion	Strong Buy (Score: 3.50)	C$15.25 (-7.7% Downside)
MAG MAG Silver	Materials	C$34.38 +2.9%	34.73	C$3.56 billion	N/A (Score: 0.00)	N/A
BYD Boyd Group Services	Industrials	C$127.83 -2.7%	284.07	C$3.56 billion	Buy (Score: 3.08)	C$230.00 (79.9% Upside)
VXC Vanguard FTSE Global All Cap ex Canada Index ETF		C$85.34 -0.2%	N/A	C$3.55 billion	N/A (Score: 0.00)	N/A
BHC Bausch Health Companies	Healthcare	C$9.11 +1.0%	N/A	C$3.41 billion	Hold (Score: 2.00)	N/A
MFI Maple Leaf Foods	Consumer Staples	C$26.62 -0.7%	6.54	C$3.32 billion	Buy (Score: 3.08)	C$36.33 (36.5% Upside)
EIT.UN Canoe EIT Income Fund	Finance	C$17.77 -0.4%	8.89	C$3.31 billion	N/A (Score: 0.00)	N/A
HWX Headwater Exploration	Energy	C$13.67 +2.9%	17.53	C$3.25 billion	Moderate Buy (Score: 2.50)	C$12.36 (-9.6% Downside)
ARE Aecon Group	Industrials	C$47.30 +1.8%	N/A	C$3.24 billion	Moderate Buy (Score: 2.55)	C$55.08 (16.5% Upside)
PSA Purpose High Interest Savings Fund	Finance	C$50.05 0.0%	N/A	C$3.15 billion	N/A (Score: 0.00)	N/A
CRR.UN Crombie Real Estate Investment Trust	Real Estate	C$16.63 -0.2%	N/A	C$3.12 billion	Moderate Buy (Score: 2.75)	C$17.63 (6.0% Upside)
ZQQ BMO Nasdaq 100 Equity Hedged to CAD Index ETF		C$202.45 -0.2%	N/A	C$3.12 billion	N/A (Score: 0.00)	N/A
FOM Foran Mining	Materials	C$5.44	N/A	C$3.07 billion	Buy (Score: 3.00)	N/A
EXE Extendicare	Healthcare	C$31.69 -3.2%	24.26	C$3.01 billion	Buy (Score: 3.13)	C$37.00 (16.8% Upside)
BDGI Badger Infrastructure Solutions	Industrials	C$89.32 +2.3%	49.62	C$3.01 billion	Moderate Buy (Score: 2.88)	C$94.75 (6.1% Upside)
BEI.UN Boardwalk Real Estate Investment Trust	Real Estate	C$64.10 -0.5%	N/A	C$2.96 billion	Moderate Buy (Score: 2.67)	C$79.28 (23.7% Upside)
FN First National Financial	Finance	C$47.98	15.63	C$2.88 billion	N/A (Score: 0.00)	N/A
NFI NFI Group	Industrials	C$24.09 -1.2%	53.16	C$2.87 billion	Buy (Score: 3.13)	C$30.50 (26.6% Upside)
FRU Freehold Royalties	Energy	C$17.46 +1.6%	20.54	C$2.86 billion	Hold (Score: 2.17)	C$17.03 (-2.5% Downside)
INE Innergex Renewable Energy	Utilities	C$13.74	N/A	C$2.82 billion	N/A (Score: 0.00)	N/A
VNP 5N Plus	Technology	C$30.58 +1.1%	44.32	C$2.75 billion	Buy (Score: 3.30)	C$45.28 (48.1% Upside)
HR.UN H&R Real Estate Investment Trust	Real Estate	C$10.30 -0.5%	N/A	C$2.73 billion	Hold (Score: 2.33)	C$11.60 (12.6% Upside)
XDV iShares Canadian Select Dividend Index ETF		C$49.00 -0.1%	N/A	C$2.69 billion	N/A (Score: 0.00)	N/A
ATS ATS	Industrials	C$27.21 -3.4%	56.69	C$2.67 billion	Moderate Buy (Score: 2.75)	C$42.25 (55.3% Upside)
PXT Parex Resources	Energy	C$27.28 +2.8%	4.58	C$2.62 billion	Moderate Buy (Score: 2.50)	C$25.30 (-7.3% Downside)
SDE Spartan Delta	Energy	C$12.77 +5.1%	36.49	C$2.62 billion	Buy (Score: 3.00)	C$13.84 (8.4% Upside)
WPK Winpak	Materials	C$44.40 -0.2%	19.30	C$2.60 billion	Hold (Score: 2.00)	C$51.00 (14.9% Upside)
HMAX Hamilton Canadian Financials Yield Maximizer ETF		C$18.36 -0.3%	N/A	C$2.58 billion	N/A (Score: 0.00)	N/A
CCA Cogeco Communications	Communication Services	C$61.29 +0.3%	N/A	C$2.58 billion	Moderate Buy (Score: 2.57)	C$73.22 (19.5% Upside)
WTE Westshore Terminals Investment	Industrials	C$41.64 -0.6%	26.19	C$2.57 billion	Buy (Score: 3.00)	C$44.00 (5.7% Upside)
TVK TerraVest Industries	Energy	C$119.54 -7.9%	28.80	C$2.56 billion	Moderate Buy (Score: 2.80)	C$162.00 (35.5% Upside)

(Last Updated: 8/17/2026)

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

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