Canadian Stocks

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Best Canadian Stocks

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
TDThe Toronto-Dominion Bank$56.13-8.33%99.5B
ENBEnbridge Inc.$32.97-17.68%70.2B
CNICanadian National Railway Company$127.283.98%81.7B
BAMBrookfield Asset Management Inc.$38.4515.99%15.9B
CPCanadian Pacific Railway Limited$84.277.19%108.7B
LULULululemon Athletica Inc.$338.98-7.98%41.0B
GIBCGI Inc.$103.664.04%21.4B
MGAMagna International Inc.$48.77-10.37%14.0B
AEMAgnico Eagle Mines Limited$61.747.39%30.8B
TECKTeck Resources Limited$47.13-3.12%24.4B
CAECAE Inc.$18.92-20.94%6.0B
KGCKinross Gold Corporation$6.3122.29%7.8B
PAASPan American Silver Corp.$18.805.50%6.9B
DSGXThe Descartes Systems Group Inc$90.9011.62%7.7B
BBBlackBerry Limited$2.73-38.93%1.6B
MEOHMethanex Corporation$47.522.35%3.2B
CIGIColliers International Group Inc.$109.085.59%5.3B
OSBNorbord Inc.$376.38-22.36%1.5B
UFSDomtar Corporation#N/A#N/A#N/A
NGNovaGold Resources Inc.$3.12-46.76%1.4B
SSRMSSR Mining Inc.$5.04-67.32%1.0B
IAGIAMGOLD Corporation$3.5416.07%1.8B
ERFEnerplus Corporation$20.3633.86%4.1B
EGOEldorado Gold Corporation$15.0634.70%3.1B
CSIQCanadian Solar Inc.$15.27-62.53%989.1M
HBMHudbay Minerals Inc.$7.5745.58%3.7B
SVMSilvercorp Metals Inc.$3.62-7.89%641.2M
MERCMercer International Inc.$9.23-3.35%614.7M
CIOCity Office REIT, Inc.$4.37-31.07%175.5M
TCXTucows Inc.$18.43-4.46%201.4M
MUXMcEwen Mining Inc.$11.0421.32%545.8M
GSSGolden Star Resources Ltd.$0.06#N/A3.7M
RFPResolute Forest Products Inc.#N/A#N/A#N/A
NOANorth American Construction Group Ltd.$20.9116.10%595.7M
EXKEndeavour Silver Corp.$2.55-38.55%614.4M
DNNDenison Mines Corp.$2.0397.09%2.5B
AXUAlexco Resource Corp.$42.0040.00%3.1B
PCOMPoints International Ltd.$11.321.34%#N/A
APTOAptose Biosciences Inc.$1.27-83.40%20.2M
THMInternational Tower Hill Mines Ltd.$0.6817.24%136.2M
SMTXSMTC Corporation#N/A#N/A#N/A
PLGPlatinum Group Metals Ltd.$1.26-28.41%180.0M
AAUAlmaden Minerals Ltd.$2.82-6.00%32.3M
KFSKingsway Financial Services Inc.$8.600.35%241.8M
APTAlpha Pro Tech, Ltd.$6.1750.12%70.7M
OBEObsidian Energy Ltd.$8.2722.34%636.7M
EDSAEdesa Biotech, Inc.$4.35-41.37%14.0M
ONCYOncolytics Biotech Inc.$1.08-3.57%80.3M
AEZSAeterna Zentaris Inc.$1.96-28.73%13.1M
ACHVAchieve Life Sciences, Inc.$4.38-43.85%150.0M
ANYSphere 3D Corp.$1.04-65.10%18.5M
CGCCanopy Growth$6.70-54.73%841.9M
ACBAurora Cannabis$5.90-9.09%446.0M
APHAAphria#N/A#N/A#N/A
CRONChronos Group$2.4424.49%1.3B
HEXOHexo Corporation#N/A#N/A#N/A
NXTTFNamaste Technologies#N/A#N/A#N/A
OGIOrganigram Holdings$1.88-16.07%271.7M
EMHTFEmerald Health Therapeutics#N/A#N/A#N/A
SPRWFThe Supreme Cannabis Company#N/A#N/A#N/A

What Are Canadian Stocks?

Canadian stocks refer to shares of companies that are based in Canada and are publicly traded on the Canadian stock market. These stocks represent partial ownership in Canadian businesses, allowing investors to tap into the country’s robust economy and industry strength. Canadian stocks provide an opportunity for investors to diversify their portfolios geographically and gain exposure to various industry sectors, such as banking, natural resources, and technology.

canadian stocks

Canada is known for its stable political environment, strong rule of law, and well-developed financial systems, making it an attractive destination for investors seeking to invest in a stable and growing economy. The country has a rich history of natural resource extraction, including oil, gas, and minerals, which has helped to fuel the growth of the Canadian economy. Additionally, Canada has a highly educated workforce and a well-developed technology sector, making it a hub for innovation and research.

Investing in Canadian stocks can be a rewarding strategy for investors who understand the unique aspects of the Canadian economy and the relationship between the country’s overall economic health and the stock market. By investing in Canadian stocks, you’re not only contributing to the growth of Canadian businesses but also tapping into a source of potential long-term gains.

One of the key advantages of investing in Canadian stocks is the country’s strong dividend culture. Many Canadian companies have a long history of paying dividends to their shareholders, with some even increasing their dividends every year for decades. This provides investors with a reliable source of income and can help to mitigate the volatility of the stock market.

Another advantage of investing in Canadian stocks is the country’s proximity to the United States. Canada is the United States’ largest trading partner, with over $600 billion in trade between the two countries each year. This means that Canadian companies are well-positioned to benefit from the economic growth of the United States, which can help to drive up the value of Canadian stocks.

Overall, investing in Canadian stocks can be a smart strategy for investors looking to diversify their portfolios and gain exposure to a stable and growing economy. With a well-developed financial system, strong rule of law, and a diverse range of industry sectors, Canada offers a wealth of investment opportunities for investors of all levels of experience.

What Exchanges Do Canadian Stocks Trade On?

Canadian stocks are primarily traded on two major stock exchanges: the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV). The TSX is the largest and most liquid stock exchange in Canada, comprising companies from various sectors like financials, energy, and technology. The TSXV, on the other hand, focuses on smaller, emerging companies that are considered to be high-risk, high-reward investments.

While the primary markets for Canadian stocks are in Canada, some companies also list on major U.S. exchanges, such as the New York Stock Exchange (NYSE) or the NASDAQ, to increase visibility and liquidity. Additionally, Canadian stocks can be traded as American Depositary Receipts (ADRs) for U.S. investors who want exposure to Canadian businesses without the complexities of trading on foreign stock exchanges.

How to Invest in Canadian Stocks

Before investing in Canadian stocks, it’s essential to research the market and understand the various investment options available. One popular method for investing in Canadian stocks is through exchange-traded funds (ETFs), which provide diversified exposure to a basket of Canadian stocks across sectors or industries. This allows investors to gain broad exposure to the Canadian market without having to invest in individual stocks.

Alternatively, you may choose to invest in individual Canadian stocks using a brokerage account. Many online brokerages, both Canadian-based and international, allow you to trade Canadian stocks. To get started, open an account, deposit funds, and then search for the stocks you’re interested in by looking up the ticker symbol. Once you’ve made your selection, place an order to buy the shares you want.

How to Buy Canadian Stocks in the US

American investors can gain exposure to Canadian stocks in several ways. As mentioned earlier, some Canadian companies list on major U.S. exchanges like the NYSE and the NASDAQ, making it easy for American investors to buy and sell these stocks through their regular brokerage accounts.

Another option is investing in ADRs, which represent shares of foreign companies trading on U.S. exchanges. ADRs simplify the process of investing in international stocks by converting the shares into U.S. dollars and allowing you to trade them like domestic stocks. However, it’s essential to understand the tax implications and fees associated with ADRs before investing.

The Advantages of Investing in Canadian Stocks

There are several benefits to investing in Canadian stocks. First, Canada has a stable and well-regulated financial system that provides a secure environment for investments. The country also boasts a strong, diverse economy with thriving industries such as natural resources, technology, and finance, providing excellent growth opportunities for investors.

Additionally, investing in Canadian stocks allows you to diversify your portfolio geographically, reducing the risks associated with concentrating investments in a single market. This can help protect your investments and ensure more consistent returns in the long run.

Diversifying Your Investment Portfolio with Canadian Stocks

Investing in Canadian stocks is an excellent way to add diversity to your investment portfolio. By investing in stocks from different countries, you can minimize the impact of market fluctuations and economic downturns in specific regions. With its stable economy and strong industries, Canada can be a valuable addition to any investment portfolio.

To diversify your portfolio with Canadian stocks, consider investing in companies from various sectors or industries. This can help spread risk and insulate your investments from any single industry’s performance. Utilizing ETFs can also be a simple way to diversify your portfolio with Canadian stocks, as these funds often consist of a mix of companies representing different sectors and market capitalizations.

Uncovering Profitable Opportunities in Canadian Stocks

By researching the Canadian stock market and identifying strong companies with growth potential, you can uncover profitable opportunities for investment. Consider a company’s financial health, industry positioning, and growth prospects before making any decisions. Analyzing market trends and forecasts can also provide valuable insights into potential investment opportunities.

Stay informed by following reputable financial news sources and staying up-to-date on the latest developments in the Canadian economy. This will help you stay ahead of the curve and identify new investment opportunities before they become mainstream.

Which Canadian Stocks Should You Buy?

Every investor has unique goals, risk tolerance, and investment horizons, so there’s no one-size-fits-all answer to this question. However, by conducting thorough research, staying informed, and diversifying your portfolio, you can identify the Canadian stocks that align with your investment objectives and risk appetite.

Becoming familiar with the Canadian stock market and its opportunities can help you make informed decisions and capitalize on potential profits. With a stable economy, diverse industries, and favorable investment environment, Canadian stocks can be an excellent addition to any investment portfolio.

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