Stocks of companies based in Canada are termed as Canadian stocks. A wide variety of Canadian stocks trade on the US stock exchanges and they belong to a variety of sectors, and industries.
After the legalization of cannabis in Canada in 2018, stocks of cannabis companies have made to the top of the best Canadian stocks. The other sectors include mining stocks, commodity stocks, and oil and gas exploration companies. Interestingly, Canadian stocks have known to demonstrate lackluster performance on the Canadian exchanges while they become excellent investment opportunities on the US stock exchanges.
Ticker | Company Name | Last Price | 1-Year Return | Market Cap |
|---|---|---|---|---|
| TD | The Toronto-Dominion Bank | $72.60 | 62.82% | 132.5B |
| ENB | Enbridge Inc. | $42.16 | 48.92% | 85.6B |
| CNI | Canadian National Railway Company | $132.81 | 30.12% | 94.1B |
| BAM | Brookfield Asset Management Inc. | $60.68 | 91.90% | 95.2B |
| CP | Canadian Pacific Railway Limited | $75.67 | 22.84% | 62.4B |
| LULU | Lululemon Athletica Inc. | $433.70 | 29.92% | 56.3B |
| GIB | CGI Inc. | $89.17 | 39.28% | 19.6B |
| MGA | Magna International Inc. | $79.51 | 51.27% | 23.9B |
| AEM | Agnico Eagle Mines Limited | $56.72 | -29.65% | 13.9B |
| TECK | Teck Resources Limited | $27.93 | 122.37% | 14.9B |
| CAE | CAE Inc. | $29.84 | 68.68% | 9.5B |
| KGC | Kinross Gold Corporation | $6.40 | -26.86% | 8.1B |
| PAAS | Pan American Silver Corp. | $26.46 | -20.73% | 5.6B |
| DSGX | The Descartes Systems Group Inc | $80.65 | 45.05% | 6.8B |
| BB | BlackBerry Limited | $10.57 | 117.94% | 6.0B |
| MEOH | Methanex Corporation | $45.04 | 47.43% | 3.4B |
| CIGI | Colliers International Group Inc. | $147.50 | 106.26% | 6.5B |
| OSB | Norbord Inc. | $510.32 | 62.01% | 2.3B |
| UFS | Domtar Corporation | $54.55 | 116.64% | 2.7B |
| NG | NovaGold Resources Inc. | $7.79 | -29.82% | 3.2B |
| SSRM | SSR Mining Inc. | $16.57 | -13.74% | 3.6B |
| IAG | IAMGOLD Corporation | $2.99 | -24.69% | 1.4B |
| ERF | Enerplus Corporation | $9.19 | 383.68% | 2.4B |
| EGO | Eldorado Gold Corporation | $9.89 | -25.30% | 1.8B |
| CSIQ | Canadian Solar Inc. | $38.79 | 2.05% | 2.3B |
| HBM | Hudbay Minerals Inc. | $6.97 | 44.31% | 2.3B |
| SVM | Silvercorp Metals Inc. | $4.39 | -40.27% | 772.6M |
| MERC | Mercer International Inc. | $10.54 | 73.07% | 696.0M |
| CIO | City Office REIT, Inc. | $18.75 | 185.39% | 816.6M |
| TCX | Tucows Inc. | $80.49 | 6.34% | 858.9M |
| MUX | McEwen Mining Inc. | $1.15 | 9.52% | 528.1M |
| GSS | Golden Star Resources Ltd. | $2.91 | -32.33% | 416.8M |
| RFP | Resolute Forest Products Inc. | $12.49 | 155.42% | 989.4M |
| NOA | North American Construction Group Ltd. | $16.20 | 94.01% | 487.0M |
| EXK | Endeavour Silver Corp. | $5.27 | 52.75% | 897.1M |
| DNN | Denison Mines Corp. | $1.74 | 427.27% | 1.7B |
| AXU | Alexco Resource Corp. | $1.79 | -32.71% | 269.6M |
| PCOM | Points International Ltd. | $17.18 | 68.60% | 257.9M |
| APTO | Aptose Biosciences Inc. | $2.04 | -56.60% | 183.1M |
| THM | International Tower Hill Mines Ltd. | $0.83 | -50.89% | 167.4M |
| SMTX | SMTC Corporation | #N/A | #N/A | #N/A |
| PLG | Platinum Group Metals Ltd. | $2.34 | 22.51% | 215.9M |
| AAU | Almaden Minerals Ltd. | $0.39 | -60.61% | 53.8M |
| KFS | Kingsway Financial Services Inc. | $5.64 | 86.14% | 135.7M |
| APT | Alpha Pro Tech, Ltd. | $6.00 | -58.19% | 79.3M |
| OBE | Obsidian Energy Ltd. | $4.75 | 979.55% | 7.0B |
| EDSA | Edesa Biotech, Inc. | $7.85 | 26.61% | 104.1M |
| ONCY | Oncolytics Biotech Inc. | $2.03 | -10.57% | 112.1M |
| AEZS | Aeterna Zentaris Inc. | $0.59 | 68.57% | 71.4M |
| ACHV | Achieve Life Sciences, Inc. | $8.10 | -0.98% | 76.6M |
| ANY | Sphere 3D Corp. | $6.45 | 310.83% | 379.3M |
| CGC | Canopy Growth | $12.78 | -31.51% | 6.2B |
| ACB | Aurora Cannabis | $6.84 | 71.00% | 1.7B |
| APHA | Aphria | #N/A | #N/A | #N/A |
| CRON | Chronos Group | $5.29 | -5.20% | 2.4B |
| HEXO | Hexo Corporation | $1.62 | -42.76% | 412.1M |
| NXTTF | Namaste Technologies | $0.09 | -57.14% | 40.4M |
| OGI | Organigram Holdings | $2.24 | 83.61% | 825.2M |
| EMHTF | Emerald Health Therapeutics | $0.08 | -46.67% | 21.4M |
| SPRWF | The Supreme Cannabis Company | #N/A | #N/A | #N/A |
Factors to Consider Before Investing in Canadian Stocks
Investors must shortlist the stocks based on their choice of industry and sector, to begin with. Among the diverse sectors to choose from, investors must consider the market capitalization, P/E ratio, forward P/E ratio, P/B ratio, and price-earnings-to-growth ratio before investing in Canadian stocks.
Additionally, Canadian stocks are best known for their excellent growth potential and high dividend returns. Therefore, the dividend yield is the most significant factor to be considered. Investors must look for Canadian stocks with reasonable and sustainable dividend yields that allow a company to remain afloat in addition to returning value to the shareholders.
Which Canadian Stocks Should I Buy?
There are numerous Canadian stocks that trade on the US stock exchanges. We have aggregated a list of the best Canadian stocks based on several parameters. Investors can look to invest in Canadian stocks for high returns, stability, stable dividend yield, and low risk.
Investors must choose companies that are well-established, with high market capitalization, and high sales and EPS growth over the past few years. The rigorous fundamental and technical analysis assists investors in weeding out the poor Canadian stocks from the solid performing ones.
