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Best Canadian stocks to buy in October 2021

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

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These 20 Canadian stocks to buy right now (also known as the best TSX stocks) are starting points for your own research and should not be taken as advice to buy any particular stock.

Finder’s list of the best Canadian stocks is updated monthly based on the results of our proprietary ranking system.

This list and data was compiled October 4, 2021. The algorithm was last updated 27 January 2021.

Best TSX Stocks to buy in October 2021

What you should know before buying TSX stocks

There’s no single winning strategy to finding what experts might call the best Canadian stocks on the TSX by performance, 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 increase and decrease 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 are TSX stocks performing in October 2021?

The S&P/TSX Composite is up 15.02% year to date and 23.79% since October 2020. So far, the S&P/TSX 60 is slightly ahead with YTD gains of 16.34%, but it’s keeping pace with the S&P/TSX Composite with overall gains of 23.94% since October 2020.

The S&P/TSX Venture Composite Index lags behind both other indices with negative YTD gains of -1.74%. It also lags behind both other indices with a 21.39% gain since October of last year.

How to invest in the TSX


Acuity Ads logo

1. AcuityAds Holdings Inc. (AT.TO)

AcuityAds Holdings Inc. is a technology company that provides digital media solutions across the United States, Canada, Europe, the Middle East, and Africa. The company offers a programmatic marketing platform that enables advertisers to connect with their audiences across online display, video, social, and mobile campaigns.

  • Market cap: C$513.208 million
  • YTD performance: -40.55%
  • 1 Year performance: 128.08%
  • 5 Year performance: 1275.81%
  • P/E Ratio: 46.6484
  • Headquarters: Canada
Buy AT.TO on Scotia iTRADE

Bragg Gaming Group logo

2. Bragg Gaming Group Inc (BRAG.TO)

Bragg Gaming Group Inc. provides business-to-business online gaming solutions worldwide.

  • Market cap: C$262.239 million
  • YTD performance: -10.75%
  • 1 Year performance: 172.43%
  • 5 Year performance: 5651.12%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy BRAG.TO on Scotia iTRADE

Bellus Health logo

3. BELLUS Health Inc. (BLU.TO)

BELLUS Health Inc. is a clinical stage biopharmaceutical company that develops therapeutics for the treatment of chronic cough and other hypersensitization disorders.

  • Market cap: C$593.798 million
  • YTD performance: 97.91%
  • 1 Year performance: 144.52%
  • 5 Year performance: -75.00%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy BLU.TO on Scotia iTRADE

Cae Inc. logo

4. CAE Inc. (CAE.TO)

CAE Inc. designs, manufactures and supplies simulation equipment and training solutions for defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers and healthcare education and service providers worldwide.

  • Market cap: C$12.018 billion
  • YTD performance: 5.42%
  • 1 Year performance: 80.22%
  • 5 Year performance: 211%
  • P/E Ratio: 96.2944
  • Headquarters: Canada
Buy CAE.TO on Scotia iTRADE

EcoSynthetix logo

5. EcoSynthetix Inc. (ECO.TO)

EcoSynthetix Inc. is a renewable chemicals company that develops and commercializes bio-based technologies that are used as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, the Middle East, Africa, and Asia Pacific.

  • Market cap: C$354.195 million
  • YTD performance: 66.94%
  • 1 Year performance: 162.13%
  • 5 Year performance: 307.95%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy ECO.TO on Scotia iTRADE

Gibson Energy logo

6. Gibson Energy Inc. (GEI.TO)

Gibson Energy Inc., an oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through two segments, Infrastructure and Marketing.

  • Market cap: C$3.41 billion
  • YTD performance: 14.96%
  • 1 Year performance: 29.04%
  • 5 Year performance: 87.83%
  • P/E Ratio: 36.30
  • Headquarters: Canada
Buy GEI.TO on Scotia iTRADE

Algoma Central Corporation logo

7. Algoma Central Corporation (ALC.TO)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties and Corporate.

  • Market cap: C$653.2 million
  • YTD performance: 21.86%
  • 1 Year performance: 70.11%
  • 5 Year performance: 127.57%
  • P/E Ratio: 111.0486
  • Headquarters: Canada
Buy ALC.TO on Scotia iTRADE

BMO Bank of Montreal logo

8. Bank of Montreal (BMO.TO)

Bank of Montreal provides diversified financial services for institutional, corporate and retail clients primarily in North America. Its offerings include personal and commercial banking products, investment solutions, wealth advisory services and business advisory services.

  • Market cap: C$82.509 billion
  • YTD performance: 29.63%
  • 1 Year performance: 61.45%
  • 5 Year performance: 114.52%
  • P/E Ratio: 11.88
  • Headquarters: Canada
Buy BMO.TO on Scotia iTRADE

BRP Inc. logo

9. BRP Inc. (DOO.TO)

Formerly known as J.A. Bombardier, BRP Inc. designs, develops, manufactures, distributes and markets powersports vehicles and marine products worldwide. It operates in two segments, Powersports and Marine.

  • Market cap: C$9.274 billion
  • YTD performance: 36.71%
  • 1 Year performance: 54.54%
  • 5 Year performance: 284%
  • P/E Ratio: 11.05
  • Headquarters: Canada
Buy DOO.TO on Scotia iTRADE

Dream Unlimited Corp. logo

10. Dream Unlimited Corp (DRM.TO)

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm.

  • Market cap: C$1.23 billion
  • YTD performance: 24.62%
  • 1 Year performance: 49.89%
  • 5 Year performance: 109.23%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy DRM.TO on Scotia iTRADE

Fortis Inc. logo

11. Fortis Inc. (FTS.TO)

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.

  • Market cap: C$26.355 billion
  • YTD performance: 11.06%
  • 1 Year performance: 17.69%
  • 5 Year performance: 45.66%
  • P/E Ratio: 21.23
  • Headquarters: Canada
Buy FTS.TO on Scotia iTRADE

ARC Resources logo

12. ARC Resources Ltd. (ARX.TO)

ARC Resources Ltd. explores, develops and produces crude oil, natural gas and natural gas liquids in Canada. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.

  • Market cap: C$8.62 billion
  • YTD performance: 99.33%
  • 1 Year performance: 97.36%
  • 5 Year performance: 183%
  • P/E Ratio: 49.749
  • Headquarters: Canada
Buy ARX.TO on Scotia iTRADE

Picture not described

13. 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$984.953 million
  • YTD performance: 116.61%
  • 1 Year performance: 121.77%
  • 5 Year performance: 648.7%
  • P/E Ratio: 14.8919
  • Headquarters: Canada
Buy BOS.TO on Scotia iTRADE

Enerplus Corporation logo

14. Enerplus Corporation (ERF.TO)

Enerplus Corporation explores and develops crude oil and natural gas in the United States and Canada. The company’s oil and natural gas properties are located primarily in North Dakota, Montana, Colorado and Pennsylvania; and Alberta, British Columbia and Saskatchewan.

  • Market cap: C$2.334 billion
  • YTD performance: 157%
  • 1 Year performance: 333.76%
  • 5 Year performance: 461.75%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy ERF.TO on Scotia iTRADE

Fission Uranium Corp. logo

15. Fission Uranium Corp. (FCU.TO)

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada and the United States. The company holds approximately 6.7 million gross acres of land from northeastern British Columbia to southern Ontario.

  • Market cap: C$555.845 million
  • YTD performance: 123.38%
  • 1 Year performance: 177.42%
  • 5 Year performance: 287%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy FCU.TO on Scotia iTRADE

Freehold Royalties logo

16. Freehold Royalties Ltd. (FRU.TO)

Freehold Royalties Ltd. is an oil and gas royalty company that owns working interests in oil, natural gas and potash properties in Western Canada and the United States. The company has interests in approximately 11,000 producing wells and receives royalty from 300 industry operators.

  • Market cap: C$1.572 billion
  • YTD performance: 106.53%
  • 1 Year performance: 197.24%
  • 5 Year performance: 244%
  • P/E Ratio: 70.9864
  • Headquarters: Canada
Buy FRU.TO on Scotia iTRADE

Champion Iron Ltd logo

17. 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$2.168 billion
  • YTD performance: 32.11%
  • 1 Year performance: 115.2%
  • 5 Year performance: 2606.67%
  • P/E Ratio: 3.5667
  • Headquarters: Canada
Buy CIA.TO on Scotia iTRADE

Altius Minerals Corporation

18. 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$644.98 million
  • YTD performance: 18.31%
  • 1 Year performance: 65.63%
  • 5 Year performance: 151.22%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy ALS.TO on Scotia iTRADE

BlackBerry logo

19. BlackBerry Limited (BB.TO)

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company leverages artificial intelligence and machine learning to deliver solutions in the areas of cybersecurity, safety, data privacy, endpoint security management, encryption and embedded systems.

  • Market cap: C$6.958 billion
  • YTD performance: 69.69%
  • 1 Year performance: 142.29%
  • 5 Year performance: 261%
  • P/E Ratio: N/A
  • Headquarters: Canada
Buy BB.TO on Scotia iTRADE

Black Diamond Group logo

20. Black Diamond Group Limited (BDI.TO)

Black Diamond Group Limited rents and sells modular space and workforce housing solutions. It also provides turnkey lodging and travel management services in Canada, the United States and Australia.

  • Market cap: C$197.098 million
  • YTD performance: 24.82%
  • 1 Year performance: 105.49%
  • 5 Year performance: 237%
  • P/E Ratio: 188.89
  • Headquarters: Canada
Buy BDI.TO on Scotia iTRADE

Buy the best Canadian 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
OFFER
Wealthsimple Trade
Stocks, ETFs
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Get 2 free stocks when you open a Wealthsimple Trade personal account and deposit and trade at least $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
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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.
BMO InvestorLine
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$9.95
$9.95 + $1.25 per options contract
$0 if conditions met, otherwise $25/quarter
$0 - $9.95
Buy and sell a select group of Canada’s most popular ETFs without paying commissions.
An easy-to-use online trading platform with access to research, tools, and the option to access InvestorLine adviceDirect for additional professional support.
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.
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.
OFFER
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
Get up to 50 free trades. Be one of the first 100 new Qtrade clients to use the promo code 50FREETRADES and deposit a minimum of $10,000 (or top up to $15,000 to get $150 transfer fees waived). Valid until December 31, 2021.
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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Compare up to 4 providers

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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