Best Canadian Stocks to Buy
Finding the best Canadian stocks to buy or even learning about them is not an easy thing to do. While we know that the stock market will grow over time, on a day-to-day or even month-to-month basis, the stock market is always changing value due to the daily fluctuation of all the stocks.
The opportunities will vary every month and that’s why it’s important to have a systematic approach to understanding buying which Canadian stock is a great opportunity for you. An opportunity can be for a stock you already own or simply for a new addition to your portfolio. It is important to note that the rankings below do not assess the viability of the business. This list mainly consists of the best Canadian stocks for you to buy. Let’s get started.
This list of Best Canadian Stocks to Buy was published in May 2020. Check “Stocks to Buy Today” to get latest list.
Here are the Best Stocks to Buy in Canada:
Molson Coors Canada Inc. (TPX-B.TO)
One of the best Canadian stocks to buy, the Molson Coors Brewing Company (MCBC) is a partly Canadian-owned enterprise and one of the world’s largest beer makers. The Molson Coors Brewing Company (MCBC) is a partly Canadian-owned enterprise and one of the world’s largest beer makers. Its Canadian arm, Molson Coors Canada, is the successor to Molson Breweries, one of the country’s oldest companies.
As of 2014 the Canadian division, Molson Coors Canada (trading on the Toronto Stock Exchange as TPX.B), operated breweries in British Columbia, Ontario, Quebec, New Brunswick and Newfoundland and Labrador. It accounted for about 40 per cent of the Canadian beer market through brands such as Molson Canadian, Coors Light and Rickard’s. The division’s 2012 pre-tax income, as reported in US dollars, was $423-million.
Absolute Software Corporation (ABT.TO)
One of the best stocks available in Canada, Absolute Software Corporation (commonly known as Absolute) is a Canadian company that specializes in endpoint security and data risk management solutions. The company is headquartered in Vancouver, British Columbia, Canada and Austin, Texas, with regional offices in Reading, UK; and Ho Chi Minh City, Vietnam. Absolute is a publicly traded company on the Toronto Stock Exchange (TSX).
Absolute’s flagship product is the Absolute Platform, formerly known as Data and Device Security (DDS). Absolute relies on patented Persistence technology, which is embedded into the firmware of most computers, tablets, and smartphones at the factory. The Persistence module is activated once the Absolute agent is installed. If the software client is removed from a device through flashing the firmware, replacing the hard drive, reimaging the device, or resetting the device back to factory settings, Persistence technology will trigger an automatic reinstallation of the software client. Persistence technology is embedded in more than half a billion devices worldwide.
Corby Spirit and Wine Limited (CSW-A.TO)
One of the top Canadian stocks, Corby Spirit and Wine Limited is a Canadian alcohol manufacturing and distribution company. It was founded in 1859 in Corbyville, Ontario. As of 2008, the company is 46% owned by Pernod Ricard. The company distills several Canadian specialties, as well as marketing Pernod Ricard’s products in Canada. Corby is listed on the Toronto Stock Exchange under the trading symbols CSW.A and CSW.B.
Today, Corby owns or represents many of the 25 top-selling brands in Canada and is expanding its sales to the US, Europe and other international markets, such as Australia.
Corby’s portfolio includes J.P. Wiser’s Whisky, Lamb’s rum, Polar Ice vodka and McGuinness liqueurs. Corby also represents leading international brands such as ABSOLUT vodka, Chivas Regal, The Glenlivet distillery and Ballantine’s Scotch whiskies, Jameson Irish Whiskey, Beefeater Gin, Malibu rum, Kahlúa liqueur, Mumm Champagne, and Jacob’s Creek, Stoneleigh, Graffigna, Campo Viejo, and Wyndham Estate wines.
Real Matters Inc. (REAL.TO)
One of the best stocks available for buying in Canada, Real Matters is a leading technology company that provides services for the mortgage lending and insurance industries. We help our clients make incredibly smart decisions about real estate by leveraging technology to deliver better quality, transparency and efficiency.
The company’s platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified Field Agents to create a marketplace for mortgage lending and insurance industry services. Field Agents, such as residential real estate appraisers, compete to deliver performance-driven services, bringing superior quality, transparency and efficiency to traditionally high-touch, costly, labour intensive and lengthy processes.
Evertz Technologies Limited (ET.TO)
Always on every list of the Best Canadian Stocks, Evertz Microsystems Limited is a Canadian developer and manufacturer of electronic systems for the broadcast and film industry. Evertz was founded in 1966 as DynaQuip Electron Devices Limited by Dieter and Rose Evertz, specializing in equipment for film timecode and closed captioning. The company was renamed Evertz Microsystems Limited from Evertz Technologies Limited in 1983. In 1997, it was purchased and reorganized by a group of former employees of Leitch Technology (now owned by Harris Corporation).
Evertz held an initial public offering in June 2006 and raised $67 million CAD, listing its stock on the Toronto Stock Exchange. In June, 2011, Evertz announced it would buy back as many as 3.8 million of its 74.47 million outstanding shares.
In 2008, Evertz was awarded the Philo T. Farnsworth Corporate Achievement Award, which is a Primetime Emmy award given by the Academy of Television Arts & Sciences to honor companies which have significantly affected the state of television and broadcast engineering over a long period of time.
Evertz acquired router manufacturer Quartz Electronics in 2005 and software developer Pharos Communications in 2011.
Leon’s Furniture Limited (LNF.TO)
One of the best Canadian stocks to buy, Leon’s Furniture Ltd. (TSX: LNF) (Meubles Léon Limité in Quebec) is a Canadian furniture retailer which first opened its store in 1909 in Welland, Ontario. The controlling interest in the company is owned by the Leon family, while some shares are traded publicly on the Toronto Stock Exchange. The company has stores in all provinces of Canada. Leon’s markets mid-range furniture, appliances and electronics; some items are discount, and some stores contain high-end showrooms with higher-priced items available. A major part of Leon’s marketing strategy is its financing plans, which allow customers to defer payments for various lengths of time (the most common of which are 6 and 18-month terms). This financing is offered through Visa Desjardins.
In an effort to attract customers living in condos or smaller dwellings, Leon’s launched their Urban Living Collection in June 2007, comprising smaller sized sofas, bedrooms and dining sets.
Tecsys Inc. (TCS.TO)
TECSYS Inc. provides integrated, enterprise-wide distribution management software solutions and services to high-volume distribution operations in the supply chain management industry. The Company’s solutions and services are designed to enable wholesale distributors and companies with significant distribution operations to perform their business processes in an efficient manner. Definitely one of the best Canadian stocks to buy.
The North West Company Inc. (NWC.TO)
One of the best Canadian stocks for you to invest in, The North West Company is a Canadian multinational grocery and retail company which operates stores in Canada’s western provinces and northern territories, as well as the US states of Alaska, Hawaii, and several other countries and US territories in Oceania and the Caribbean.
The company traces its history back to the North West Company, a fur trading business headquartered in the city of Montreal in British North America from 1779 to 1821. It was merged into the Hudson’s Bay Company in 1821. The enterprise continued as the Fur Trade Department, and then the Northern Stores Division of Hudson’s Bay Company. In 1987, the division was acquired by a group of investors and in the 1990s it was relaunched as The North West Company. It is now a publicly traded company and is composed mainly of the old HBC Northern Stores Division. The Alaska Commercial Company, which makes up The North West Company’s Alaskan operations, traced its roots back to the Russian-American Company. Cost-U-Less, which operates in Hawaii, the South Pacific and the Caribbean, was acquired in 2007.
Hardwoods Distribution Inc. (HDIUF)
Hardwoods Distribution, Inc. engages in the sourcing and distribution of architectural grade building products to the residential and commercial construction sectors. Its products include hardwood lumber, decorative surfaces, and composite panels. It operates through the Canada and United States geographical segments. The company was founded on April 5, 2011 and is headquartered in Langley, Canada. Definitely one of the best stocks to buy in Canada.
ANDREW PELLER LIMITED, CL.A (ADWA.TO)
One of the best Canadian stocks to buy, Andrew Peller Ltd. engages in the production and marketing of wines and spirits products. Its brands include Peller Estates, Sandhill, Trius Winery, Wayne Gretzky Estates, Red Rooster Winery, Calona Vineyards, Thirty Bench Wine Makers, Roundpetal, The Wine Shop, Wine Country Vintners, Vineco, and Winexpert. The company was founded by Andrew Peller in 1961 and is headquartered in Grimsby, Canada.
Altius Minerals Corporation (ALS.TO)
Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal. It holds royalty interests in approximately 10 producing assets in Canada that include over 4% net smelter return (NSR) royalty on 777 copper-zinc mine in Manitoba, approximately six potash mines and over five coal mines located in western Canada, and a royalty on the Bay nickel-copper-cobalt mine in Labrador, as well as interests in the Chapada Mine in Brazil. It also holds equity interests in non-precious metals royalty companies, as well as various junior mineral exploration companies. Its exploration assets also include Natashquan River-Nickel, Julienne Lake Iron Ore deposit, Taylor Brook-Nickel and others. Easily one of the best Canadian stocks to buy.
Calian Group Ltd. (CGY.TO)
One of the top Canadian stocks available today, Calian Group Ltd is a Canada-based company, which provides professional services. The Company’s segments include Advanced Technologies, Health, Learning and Information Technology. The Advanced Technologies segment provides products, technologies and manufacturing services and solutions for the space, communications, defense, nuclear, government and agriculture sectors. The Health segment manages a network of health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. It’s also one of the best stocks to buy in Canada. The Learning segment is a provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defense, health, energy and other sectors. The Information Technology segment supports public and private-sector customers in the delivery of information technology (IT) and cyber security solutions.
Viemed Healthcare, Inc. (VMD.TO)
One of the best Canadian stocks to buy, Viemed Healthcare Inc is a Canada-based company engaged in the Healthcare sector. The company is focused on education, nurture, and inspiration of its patients, through a effective home treatment model, that integrates easily into the processes of its referral partners.Its respiratory care practitioners deliver therapy, education and counseling to patients utilizing the effective technology, its Patient Care Coordinators work with hospitals, Accountable Care Organizations (ACO), Skilled Nursing Facilities and other referral sources to simplify the transitioning of patients from hospital to home.
GDI Integrated Facility Services Inc. (GDI.TO)
GDI Integrated Facility Services Inc is a Canada-based company and one of the top stocks to buy, which provides commercial facility services. The Company’s business segments include janitorial services, technical services and complementary services. The janitorial services segment provides a range of daily or weekly commercial cleaning services that include cleaning and dusting desks and tables, vacuuming carpets, cleaning floors, sanitizing kitchens and washrooms, watering plants, cleaning exterior facilities, cleaning interior parking, and removal of garbage. Technical services segment provides building system controls, repairs and servicing across Canada and the United States. The Company’s complementary services segment is composed of business units that provide products and services in regions of Canada that are used by property owners and managers and are complementary to the products and services offered through its Janitorial Canada segment.
Algoma Central Corporation (ALC.TO)
Algoma Central Corporation is a Canadian shipping company. It operates Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The Domestic Dry-Bulk, accounts for the maximum revenue, Product Tankers, and Ocean Shipping. The dry-bulk vessels carry a cargo of raw materials such as grain, iron ore, salt and aggregates and operates throughout the Great Lakes. The product tankers manage a fleet of seven Canadian flag tanker vessels and the ocean shipping segment includes two ocean-going self-unloading vessels. Definitely one of the best Canadian stocks to buy.
Roxgold Inc. (ROXG.TO)
A great Canadian stock to buy, Roxgold is a Canada-based gold mining company with assets located in West Africa. The Company owns and operates the high-grade Yaramoko Mine Complex located on the Houndé greenstone belt in western Burkina Faso and is also advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire.
The Yaramoko gold mine consists of two high-grade underground gold mines: the 55 Zone and Bagassi South. Annual gold production in 2020 is expected to be between 120,000 and 130,000 ounces.
The Séguéla Gold Project is an advanced stage development project that is rapidly advancing towards a construction decision early next year. Roxgold acquired the high-potential Séguéla Gold Project in April 2019 and has rapidly brought it up the value chain – growing the resource and releasing a Preliminary Economic Assessment on the project in April 2020.
Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.
Clearwater Seafoods Incorporated (CLR.TO)
Established by John Risley and Colin MacDonald with a pickup truck, a vision and a lot of entrepreneurial drive, Nova Scotia’s Clearwater has grown to become the largest holder of shellfish licenses in Canada and one of the world’s leading seafood companies. Though methods change, and the creaking of oars and wind-filled sails have been replaced by state-of-the-art vessels, the spirit of fishing remains in one of the world’s oldest and most abundant fishing grounds. The firm operates a fleet of traditional and state-of-the-art factory vessels and processing plants throughout Eastern Canada.
The firm’s focus has always been to provide premium quality, wild, sustainable seafood, second to none. One of the best stocks to buy in Canada.
Lassonde Industries Inc. (LAS-A.TO)
One of the best Canadian stocks to buy, Industries Inc is a Canada-based company, which develops, manufactures and markets a range of ready-to-drink fruit and vegetable juices and drinks. The Company is a producer of store brand shelf-stable fruit juices and drinks in the United States and a producer of cranberry sauces. The Company operates in two market segments: the retail segment and the food service segment. The retail segment consists of sales to food retailers and wholesalers, such as supermarket chains, independent grocers, superstores, warehouse clubs and pharmacy chains. The food service segment consists of sales to restaurants, hotels, hospitals, schools and wholesalers serving these institutions. It also develops, manufactures and markets specialty food products, such as fondue broths and sauces, packaged corn-on-the-cob and pasta sauces. The Company also imports selected wines from various countries of origin for packaging and marketing purposes. It also produces apple cider and cider-based beverages.
Savaria Corporation (SIS.TO)
Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use. The products are manufactured, assembled and customized at the Brampton (Ontario) plant, and are offered through a network of over 300 retailers, which are primarily located in North America. The Adapted Vehicles segment converts and adapts minivans through its subsidiaries. The subsidiaries offer models with rear entry, side entry or dual entry for people with mobility challenges. It makes vans accessible to wheelchairs through a ramp and a lowered floor. Adapted Vehicles can be used for personal use or commercial use. Easily one of the best Canadian stocks to buy.
Corus Entertainment Inc. (CJR-B.TO)
One of the best Canadian stocks to buy, Corus Entertainment Inc. is a media and content company. The Company’s principal business activities are the operation of specialty television networks, conventional television stations; the operation of radio stations; and the Corus content business, which consists of the production and distribution of films and television programs, merchandise licensing, book publishing and the production and distribution of animation software. The Company’s business activities are conducted through two segments: Television and Radio. The Television segment comprises approximately 34 specialty television networks and over 15 conventional television stations. The Radio segment comprises approximately 39 radio stations, situated primarily in urban centers in English Canada, with a concentration in the densely populated area of Southern Ontario.
Calibre Mining Corp. (CXB.TO)
One of the best stocks to buy in Canada, Wallbridge Mining Company Limited (Wallbridge) is an advanced exploration-development company driven by a strategic targeted approach.
The Company is focused on advancing the development of its wholly-owned flagship Fenelon Gold Project in northern Québec. Since acquiring the property in 2016, Wallbridge has demonstrated the project’s potential to host a multi-million-ounce gold deposit. Following success at the drill bit, the Company’s first mineral resource estimate is expected by mid-2021.
Wallbridge has expanded its Fenelon Gold property with the strategic acquisition of Balmoral Resources Ltd. and now controls a district-scale land position along the Detour Fenelon Gold Trend, a major structure that hosts the Detour Lake gold mine to the west in Ontario. Wallbridge has a strong pipeline of exploration projects to drive long-term organic growth to meet its objective of becoming a gold producer.
In addition, Wallbridge has an interest in a large portfolio of nickel-copper-PGM projects in Ontario’s Sudbury Basin.
Enerflex Ltd. (EFX.TO)
Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in-house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and the Rest of World. The Canada segment is engaged in manufacturing (primarily compression equipment), service and rentals. Easily one of the best Canadian stocks to buy. The USA segment is engaged in the manufacture of natural gas compression equipment and process equipment. It also offers product support services and rentals. The Company Rest of World segment is engaged in manufacturing primarily process equipment, service and rentals. Its solutions include field production facilities, compression and natural gas processing plants, carbon dioxide processing plants, refrigeration systems, and electric power equipment serving the natural gas production industry.
Canacol Energy Ltd (CNE.TO)
Canacol Energy Ltd is a leading natural gas and oil exploration and production company in Colombia and Mexico. The company holds an interest in Oleoducto Bicentenario de Colombia which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system. It operates through one reportable segment namely, Colombia. A great Canadian stock to invest your money in.
Uni-Select Inc. (UNS.TO)
Uni-Sélect, Inc. focuses on the distribution, sale and marketing of automotive replacement parts, accessories, tools & equipment, paint, and collision repair products. It operates through the following segments: FinishMaster US, Canadian Automotive Group, The Parts Alliance UK, and Corporate Office & Other. The company was founded on November 22, 1968 and is headquartered in Boucherville, Canada. A great Canadian stock for you to invest in.
Sagicor Financial Company Ltd. (SFC.TO)
One of the best Canadian stocks to buy, Sagicor Financial Co. Ltd. engages in providing investment services. It is a special purpose acquisition corporation formed for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination. The company was founded by Vince John Hemmer, Azim Jamal, Anthony Lacavera, Lee Lau, Nadir H. Mohamed, Joseph M. Natale, Helmut Swarovski, and Donald J. Walker on February 8, 2017 and is headquartered in Wildey, Barbados.
So these are the 25 best stocks to buy in Canada. In case you are looking to invest your money in the Canadian stock market, these are some of your best options. Hopefully, this information will be able to help you make the correct decision as it pertains to investing your hard earned money wisely. Happy investing!