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Best Canadian stocks to buy in June 2021

These are the 20 best TSX stocks to buy now in Canada.

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No single stock or list of stocks will suit all investors, as we all have different goals and needs. What’s best for you might not be best for someone else. These 20 best TSX stocks are starting points for your own research and should not be taken as advice to buy any particular stock.

Canadian stocks continue on an impressive run in 2021. The S&P/TSX Composite is up 10% year to date and around 31% from May 2020. The S&P/TSX 60 has kept pace so far this year with a 10% gain, but it falls behind the S&P/TSX Composite with an overall gain of 29% since May 2020. The S&P/TSX Venture Composite Index has experienced a similar year to date gain of 9% but outperforms both other indices with an impressive 102% gain since May 2020.

May could be the month for buying financial stocks. Nine of our top 20 best TSX stocks include names like First National Financial Corporation, Power Corporation of Canada and the Canadian Imperial Bank of Commerce (CIBC). Mining stocks also dominate our list with companies like Champion Iron and GoGold Resources experiencing massive growth over the past 5 years and impressive YTD gains.

If you’re feeling bullish about stocks in 2021, but you’re not sure where to start, this list of the 20 best TSX stocks to buy now may be worth watching. We update this list monthly based on the results of our proprietary ranking system.

What you should know before buying stocks

There’s no single winning strategy to finding what experts might call the best performing Canadian stocks on the TSX, because the most important considerations are your own goals and circumstances. But that shouldn’t discourage you from doing your homework and investing.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can go up and down in value.

The information provided here is general in nature. It is not personal financial advice, and your personal objectives, financial situation and needs have not been taken into consideration. The best Canadian stocks listed on this page may not be the best investments for you. So you should do your own research, and speak with an investment professional if in doubt.

How to invest in the TSX

How did we pick the best Canadian stocks?

We used Finder’s proprietary algorithm to rate stocks listed on the TSX based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins. This might indicate a quality stock, but we do not guarantee the performance or returns of any investment.

To avoid smaller, more speculative stocks, we only include companies with a market cap of more than CAD $200 million. In order to better compare historical data, we filtered out stocks that have been listed for less than five years.

This methodology no doubt filters out some good stocks, so our decision to include or exclude a stock from our list does not indicate whether it’s a good or bad investment. For more information about our algorithm, check out our stock ranking page.

The algorithm was last updated 27 January 2021. This list and data was compiled June 7, 2021.

Best TSX Stocks to watch in June 2021


GoGold Resources Inc. logo

GoGold Resources Inc (GGD.TO)

GoGold Resources Inc. engages in the exploration, development, and production of gold and silver primarily in Mexico.

  • Market cap: C$812.788 million
  • YTD performance: 22.55%
  • 1 Year performance: 273.75%
  • 5 Year performance: 1473.69%
  • P/E Ratio: 12.1577
  • Headquarters: Canada


MCAN Mortgage Corporation logo

MCAN Mortgage Corporation (MKP.TO)

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments.

  • Market cap: C$460.139 million
  • YTD performance: 13.66%
  • 1 Year performance: 45.89%
  • 5 Year performance: 62.58%
  • P/E Ratio: 6.3323
  • Headquarters: Canada


Power Corporation of Canada

Power Corporation of Canada (POW.TO)

Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL.

  • Market cap: C$26.864 billion
  • YTD performance: 36.48%
  • 1 Year performance: 74.19%
  • 5 Year performance: 112.78%
  • P/E Ratio: 11.4957
  • Headquarters: Canada


E-L Financial Corporation Limited logo

E-L Financial Corporation Limited (ELF.TO)

E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates through two segments, E-L Corporate and Empire Life.

  • Market cap: C$3.579 billion
  • YTD performance: 25.11%
  • 1 Year performance: 46.55%
  • 5 Year performance: 90.81%
  • P/E Ratio: 2.4888
  • Headquarters: Canada


Headwater Exploration logo

Headwater Exploration Inc (HWX.TO)

Headwater Exploration Inc., a junior resource company, engages in the exploration, development, and production of petroleum and natural gas in Western Canadian Sedimentary Basin. The company explores for petroleum and natural gas onshore in New Brunswick.

  • Market cap: C$885.951 million
  • YTD performance: 90.38%
  • 1 Year performance: 309.91%
  • 5 Year performance: 1097.37%
  • P/E Ratio: N/A
  • Headquarters: Canada


Jaguar Mining logo

Jaguar Mining Inc (JAG.TO)

Jaguar Mining Inc., a junior gold mining company, engages in the acquisition, exploration, development, and operation of gold producing properties in Brazil. Its principal assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex located in the Iron Quadrangle in the state of Minas Gerais.

  • Market cap: C$454.042 million
  • YTD performance: -28.84%
  • 1 Year performance: 1820%
  • 5 Year performance: 8220%
  • P/E Ratio: 5.838
  • Headquarters: Canada


PyroGenesis Canada logo

PyroGenesis Canada Inc (PYR.TO)

PyroGenesis Canada Inc. designs, develops, manufactures, and commercializes advanced plasma processes and systems in Canada and internationally.

  • Market cap: C$1.046 billion
  • YTD performance: 93%
  • 1 Year performance: 339.27%
  • 5 Year performance: 4111.77%
  • P/E Ratio: 21.8056
  • Headquarters: Canada


Labrador Iron Ore Royalty Corporation logo

Labrador Iron Ore Royalty Corporation (LIF.TO)

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes an iron ores at Labrador City, Newfoundland and Labrador. IOC produces seaborne iron ore pellets; and sells standard and low silica acid, flux, and direct reduction pellets, as well as iron ore concentrate.

  • Market cap: C$2.926 billion
  • YTD performance: 41.56%
  • 1 Year performance: 101.92%
  • 5 Year performance: 295.75%
  • P/E Ratio: 10.9616
  • Headquarters: Canada


Waterloo Brewing Corporation Ltd

Waterloo Brewing Ltd (WBR.TO)

Waterloo Brewing Ltd. engages in the production, distribution, and sale of alcohol-based products.

  • Market cap: C$275.205 million
  • YTD performance: 46.2%
  • 1 Year performance: 183.46%
  • 5 Year performance: 273.46%
  • P/E Ratio: 89.8837
  • Headquarters: Canada


Canaccord Genuity Inc logo

Canaccord Genuity Group Inc (CF.TO)

Canaccord Genuity Group Inc., a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.

  • Market cap: C$1.343 billion
  • YTD performance: 22.83%
  • 1 Year performance: 148.56%
  • 5 Year performance: 286.48%
  • P/E Ratio: 6.8284
  • Headquarters: Canada


Sprott logo

Sprott Inc (SII.TO)

Sprott Inc. is a publicly owned asset management holding company.

  • Market cap: C$1.378 billion
  • YTD performance: 45.16%
  • 1 Year performance: 49.58%
  • 5 Year performance: 2627.5%
  • P/E Ratio: 40.5805
  • Headquarters: Canada


Tricon Residential logo

Tricon Residential Inc (TCN.TO)

Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. Tricon owns and operates approximately 31,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform.

  • Market cap: C$2.513 billion
  • YTD performance: 14.94%
  • 1 Year performance: 53.6%
  • 5 Year performance: 126.72%
  • P/E Ratio: 16.3717
  • Headquarters: Canada


Altius Minerals Corporation

Altius Minerals Corporation (ALS.TO)

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada and Brazil. The company owns royalty and streaming interests in 14 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal.

  • Market cap: C$764.48 million
  • YTD performance: 35.4%
  • 1 Year performance: 94.24%
  • 5 Year performance: 187.51%
  • P/E Ratio: N/A
  • Headquarters: Canada


Champion Iron Ltd logo

Champion Iron Limited (CIA.TO)

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in North-Eastern Quebec. Its flagship project include the Bloom Lake mine, which consists of BM877 mining lease covering an area of 6,857.63 ha and 53 mining claims comprising an area of approximately 2,458.29 ha located in Quebec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec.

  • Market cap: C$3.1 billion
  • YTD performance: 36.66%
  • 1 Year performance: 166.95%
  • 5 Year performance: 2973.18%
  • P/E Ratio: 6.663
  • Headquarters: Canada


First National Financial Corporation logo

First National Financial Corporation (FN.TO)

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. The company offers single family residential, and multi-unit residential and commercial mortgages.

  • Market cap: C$2.981 billion
  • YTD performance: 23.96%
  • 1 Year performance: 85.2%
  • 5 Year performance: 156.22%
  • P/E Ratio: 12.2989
  • Headquarters: Canada


RF Capital Group logo

RF Capital Group Inc (RCG.TO)

RF Capital Group Inc., an independent financial services company, provides various financial products and services to corporate clients, institutional investors, and high-net-worth individuals in Canada, the United States, and internationally. It operates through two segments: Wealth Management and Operations Clearing.

  • Market cap: C$347.838 million
  • YTD performance: 27%
  • 1 Year performance: 71.08%
  • 5 Year performance: 88.19%
  • P/E Ratio: 9.9099
  • Headquarters: Canada


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AirBoss of America Corp (BOS.TO)

AirBoss of America Corp., through its subsidiaries, develops, manufactures, and markets rubber-based products for automotive, heavy commercial, construction and infrastructure, oil and gas, and defense industries in Canada and the United States. The company operates through three segments: Rubber Solutions, AirBoss Defense Group, and Engineered Products.

  • Market cap: C$855.425 million
  • YTD performance: 103.46%
  • 1 Year performance: 116.39%
  • 5 Year performance: 603.27%
  • P/E Ratio: 17.0064
  • Headquarters: Canada


Sprott logo

Sprott Physical Gold and Silver Trust

Sprott Physical Gold and Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets.

  • Market cap: C$4.762 billion
  • 1 Year performance: 13.1%%
  • 5 Year performance: 61.85%
  • P/E Ratio: 5.4444
  • Headquarters: Canada


CIBC Logo

Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets.

  • Market cap: C$65.101 billion
  • 1 Year performance: 62.61%
  • 5 Year performance: 103.47%
  • P/E Ratio: 12.2174
  • Headquarters: Canada


Dream Unlimited Corp. logo

Dream Unlimited Corp

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe. The firm also seeks to invest in renewable energy infrastructure and power projects with a focus on wind, hydro, and solar in North American.

  • Market cap: C$1.112 billion
  • 1 Year performance: 19.34%
  • 5 Year performance: 64.02%
  • P/E Ratio: N/A
  • Headquarters: Canada

Buy stocks through an online broker

To invest in any of these stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.

Name Product Available asset types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Deposit and trade $100 and get a $50 bonus.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0 (if monthly commissions are greater than or equal to US$10.00)
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Trade 100 select ETFs free of charge.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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