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Best stocks to buy right now in Canada
We've got our eyes on the 20 best Canadian stocks to buy right now.
Finder’s list of the best stocks to buy right now in Canada is updated monthly based on the results of our proprietary ranking system. These 20 best Canadian stocks (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.
Key takeaways
- Over the past month, the technology sector has grown in Canada, while the energy and materials sectors have dipped.
- The S&P/TSX Composite Index has gone down around 4.04% over the past month but has yielded positive year-to-date returns of 10.85%.
- The best Canadian stocks depend on your investment goals, time frame and risk tolerance. Speak with an investment advisor if you’re not sure where to start.
Best stocks to buy right now in Canada (October 2026)
Here’s a quick view of 10 of the best Canadian stocks to buy right now. Get more details below.
| Best stock | Stock price | Market cap | YTD performance | Buy on Questrade |
|---|---|---|---|---|
| North West Company (NWC) | C$54.82 | $2.6 billion (CAD) | 66.19% | Buy now |
| Fennec Pharmaceuticals (FRX) | C$14.51 | $527.4 million (CAD) | 60.16% | Buy now |
| Agnico Eagle Mines (AEM) | C$260.60 | $139.3 billion (CAD) | 186.15% | Buy now |
| Canadian National Railway (CNR) | C$169.40 | $103.2 billion (CAD) | 21.91% | Buy now |
| Denison Mines (DML) | C$3.67 | $3.3 billion (CAD) | 311.12% | Buy now |
| GDI Integrated (GDI) | C$36.57 | $861 million (CAD) | -19.89% | Buy now |
| Morguard Corporation (MRC) | C$114.24 | $1.2 billion (CAD) | 0.43% | Buy now |
| Martinrea International (MRE) | C$10.00 | $706 million (CAD) | -32.02% | Buy now |
| Hut 8 Mining (HUT) | C$122.54 | $16.9 billion (CAD) | 564.25% | Buy now |
| Hydro One (H) | C$50.71 | $30.9 billion (CAD) | 76.54% | Buy now |
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More of the best stocks to buy in Canada right now
North West Company (NWC.TO)
The North West Company Inc., through its subsidiaries, engages in the retail of food and everyday products and services in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, general merchandise, and financial services that include cheque cashing, ATMs, and prepaid card products; NorthMart stores that provides fresh food, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, fuel, and related services.
North West Company is headquartered in Canada and is traded under the ticker symbol NWC. At the last market close, its share price was C$54.82 with a trading volume of 188,451.
| YTD performance | 66.19% |
| Market cap | C$2.6 billion |
| Revenue | C$2.6 billion |
| Earnings per Share (EPS) | C$2.92 |
| Return on Equity (ROE) | 17.91% |
| Price-to-Earnings Ratio (P/E) | 18.59 |
| Net Profit Margin | 5.40% |
| Operating Margin | 8.47% |
Fennec Pharmaceuticals (FRX.TO)
Fennec Pharmaceuticals Inc. operates as a commercial stage biopharmaceutical company in the United States.
Fennec Pharmaceuticals is headquartered in Canada and is traded under the ticker symbol FRX. At the last market close, its share price was C$14.51 with a trading volume of 208.
| YTD performance | 60.16% |
| Market cap | C$527.4 million |
| Revenue | C$59.2 million |
| Earnings per Share (EPS) | -C$0.17 |
| Return on Equity (ROE) | -18.58% |
| Net Profit Margin | -5.49% |
| Operating Margin | 9.72% |
Agnico Eagle Mines (AEM.TO)
Agnico Eagle Mines Limited, a gold mining company, engages in the exploration, development, and production of precious metals. It explores for gold, silver, copper, and zinc.
Agnico Eagle Mines is headquartered in Canada and is traded under the ticker symbol AEM. At the last market close, its share price was C$260.60 with a trading volume of 846,815.
| YTD performance | 186.15% |
| Market cap | C$139.3 billion |
| Revenue | C$14.5 billion |
| Earnings per Share (EPS) | C$16.48 |
| Return on Equity (ROE) | 22.97% |
| Price-to-Earnings Ratio (P/E) | 16.69 |
| Net Profit Margin | 40.44% |
| Operating Margin | 58.11% |
Canadian National Railway (CNR.TO)
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage, less-than-truckload, and mexico services; intermodal services, such as temperature controlled multimodal, mobile transport trays, port partnerships, transloading and distribution, logistics parks, trucking, and supply chain services.
Canadian National Railway is headquartered in Canada and is traded under the ticker symbol CNR. At the last market close, its share price was C$169.40 with a trading volume of 873,529.
| YTD performance | 21.91% |
| Market cap | C$103.2 billion |
| Revenue | C$17.8 billion |
| Earnings per Share (EPS) | C$7.79 |
| Return on Equity (ROE) | 22.02% |
| Price-to-Earnings Ratio (P/E) | 21.94 |
| Net Profit Margin | 26.92% |
| Operating Margin | 40.27% |
Denison Mines (DML.TO)
Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada.
Denison Mines is headquartered in Canada and is traded under the ticker symbol DML. At the last market close, its share price was C$3.67 with a trading volume of 1,855,839.
| YTD performance | 311.12% |
| Market cap | C$3.3 billion |
| Revenue | C$4.1 million |
| Earnings per Share (EPS) | -C$0.31 |
| Return on Equity (ROE) | -66.82% |
| Operating Margin | -2,517.50% |
GDI Integrated (GDI.TO)
GDI Integrated Facility Services Inc., together with its subsidiaries, operates in the outsourced facility services industry in Canada and the United States. It operates through Business Services Canada, Business Services USA, Technical Services, and Corporate and Other segments.
GDI Integrated is headquartered in Canada and is traded under the ticker symbol GDI. At the last market close, its share price was C$36.57.
| YTD performance | -19.89% |
| Market cap | C$861.0 million |
| Revenue | C$2.5 billion |
| Earnings per Share (EPS) | C$1.79 |
| Return on Equity (ROE) | 8.55% |
| Price-to-Earnings Ratio (P/E) | 20.43 |
| Net Profit Margin | 1.70% |
| Operating Margin | 3.09% |
Morguard Corporation (MRC.TO)
Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel.
Morguard Corporation is headquartered in Canada and is traded under the ticker symbol MRC. At the last market close, its share price was C$114.24 with a trading volume of 1,701.
| YTD performance | 0.43% |
| Market cap | C$1.2 billion |
| Revenue | C$1.1 billion |
| Earnings per Share (EPS) | C$19.29 |
| Return on Equity (ROE) | 4.52% |
| Price-to-Earnings Ratio (P/E) | 5.92 |
| Net Profit Margin | 18.47% |
| Operating Margin | 51.36% |
Martinrea International (MRE.TO)
Martinrea International Inc. engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally.
Martinrea International is headquartered in Canada and is traded under the ticker symbol MRE. At the last market close, its share price was C$10.00 with a trading volume of 40,606.
| YTD performance | -32.02% |
| Market cap | C$706.0 million |
| Revenue | C$4.7 billion |
| Earnings per Share (EPS) | C$1.71 |
| Return on Equity (ROE) | 7.94% |
| Price-to-Earnings Ratio (P/E) | 5.90 |
| Net Profit Margin | 2.60% |
| Operating Margin | 5.89% |
Hut 8 Mining (HUT.TO)
Hut 8 Corp., together with its subsidiaries, operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada. It operates through Power, Digital Infrastructure, Compute, and Other segments.
Hut 8 Mining is headquartered in Canada and is traded under the ticker symbol HUT. At the last market close, its share price was C$122.54 with a trading volume of 467,394.
| YTD performance | 564.25% |
| Market cap | C$16.9 billion |
| Revenue | C$318.0 million |
| Earnings per Share (EPS) | -C$7.62 |
| Return on Equity (ROE) | -43.37% |
| Net Profit Margin | -188.59% |
| Operating Margin | -275.40% |
Hydro One (H.TO)
Hydro One Limited operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other.
Hydro One is headquartered in Canada and is traded under the ticker symbol H. At the last market close, its share price was C$50.71 with a trading volume of 1,124,076.
| YTD performance | 76.54% |
| Market cap | C$30.9 billion |
| Revenue | C$9.5 billion |
| Earnings per Share (EPS) | C$2.36 |
| Return on Equity (ROE) | 11.15% |
| Price-to-Earnings Ratio (P/E) | 21.78 |
| Net Profit Margin | 14.87% |
| Operating Margin | 26.93% |
ARC Resources (ARX.TO)
ARC Resources Ltd. acquires and develops crude oil, natural gas, condensate, and natural gas liquids in Canada.
ARC Resources is headquartered in Canada and is traded under the ticker symbol ARX. At the last market close, its share price was C$33.91 with a trading volume of 1,814,968.
| YTD performance | 454.37% |
| Market cap | C$19.2 billion |
| Revenue | C$7.2 billion |
| Earnings per Share (EPS) | C$2.47 |
| Return on Equity (ROE) | 16.46% |
| Price-to-Earnings Ratio (P/E) | 13.73 |
| Net Profit Margin | 19.73% |
| Operating Margin | 23.58% |
Centerra Gold (CG.TO)
Centerra Gold Inc. engages in the operation, development, exploration, and acquisition of gold and copper properties in North America, Turkey, and internationally.
Centerra Gold is headquartered in Canada and is traded under the ticker symbol CG. At the last market close, its share price was C$30.85 with a trading volume of 684,991.
| YTD performance | 97.46% |
| Market cap | C$6.1 billion |
| Revenue | C$1.7 billion |
| Earnings per Share (EPS) | C$4.43 |
| Return on Equity (ROE) | 32.88% |
| Price-to-Earnings Ratio (P/E) | 7.00 |
| Net Profit Margin | 36.92% |
| Operating Margin | 27.22% |
Financial 15 Split (FTN.TO)
Financial 15 Split Corp. is an close ended equity mutual fund launched by Quadravest Inc.
Financial 15 Split is headquartered in Canada and is traded under the ticker symbol FTN. At the last market close, its share price was C$11.08 with a trading volume of 186,500.
| YTD performance | 11.71% |
| Market cap | C$907.5 million |
| Revenue | C$474.8 million |
| Earnings per Share (EPS) | C$5.21 |
| Return on Equity (ROE) | 55.74% |
| Price-to-Earnings Ratio (P/E) | 2.23 |
| Net Profit Margin | 86.81% |
| Operating Margin | 96.22% |
Pembina Pipeline (PPL.TO)
Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures.
Pembina Pipeline is headquartered in Canada and is traded under the ticker symbol PPL. At the last market close, its share price was C$63.22 with a trading volume of 1,805,221.
| YTD performance | 106.08% |
| Market cap | C$36.9 billion |
| Revenue | C$8.0 billion |
| Earnings per Share (EPS) | C$2.84 |
| Return on Equity (ROE) | 10.47% |
| Price-to-Earnings Ratio (P/E) | 22.37 |
| Net Profit Margin | 22.42% |
| Operating Margin | 33.97% |
Real Matters (REAL.TO)
Real Matters Inc. provides residential real estate appraisal and title services in Canada and the United States.
Real Matters is headquartered in Canada and is traded under the ticker symbol REAL. At the last market close, its share price was C$3.29 with a trading volume of 23,597.
| YTD performance | -82.64% |
| Market cap | C$245.9 million |
| Revenue | C$191.2 million |
| Earnings per Share (EPS) | -C$0.38 |
| Return on Equity (ROE) | -19.30% |
| Net Profit Margin | -10.02% |
| Operating Margin | 0.04% |
SunOpta (SOY.TO)
SunOpta Inc. engages in the manufacture and sale of plant and fruit-based food and beverage products in the United States, Canada, and internationally.
SunOpta is headquartered in Canada and is traded under the ticker symbol SOY. At the last market close, its share price was C$8.84.
| YTD performance | -42.44% |
| Market cap | C$1.0 billion |
| Revenue | C$817.7 million |
| Earnings per Share (EPS) | C$0.18 |
| Return on Equity (ROE) | 9.02% |
| Price-to-Earnings Ratio (P/E) | 49.11 |
| Net Profit Margin | 1.93% |
| Operating Margin | 6.67% |
STEP Energy Services (STEP.TO)
STEP Energy Services Ltd., an energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. The company offers fracturing services, such as dual-fuel hydraulic fracturing; STEP-XPRS, an integrated fracturing and coiled tubing spread; large bore manifold systems; and technical solutions, such as chemical and fluid systems.
STEP Energy Services is headquartered in Canada and is traded under the ticker symbol STEP. At the last market close, its share price was C$5.49 with a trading volume of 6,456.
| YTD performance | 623.69% |
| Market cap | C$400.1 million |
| Revenue | C$910.4 million |
| Earnings per Share (EPS) | -C$0.11 |
| Return on Equity (ROE) | -1.94% |
| Net Profit Margin | -0.86% |
| Operating Margin | 9.07% |
Stelco (STLC.TO)
Stelco Holdings Inc. engages in the production and sale of steel products in Canada, the United States, and internationally.
Stelco is headquartered in Canada and is traded under the ticker symbol STLC. At the last market close, its share price was C$68.14 with a trading volume of 3,552,298.
| YTD performance | 195.92% |
| Market cap | C$3.7 billion |
| Revenue | C$2.9 billion |
| Earnings per Share (EPS) | C$3.14 |
| Return on Equity (ROE) | 12.31% |
| Price-to-Earnings Ratio (P/E) | 21.70 |
| Net Profit Margin | 6.07% |
| Operating Margin | 16.76% |
Tidewater Midstream and Infrastructure (TWM.TO)
Tidewater Midstream and Infrastructure Ltd. operates as a downstream, midstream, and infrastructure company in Western Canada and the United States.
Tidewater Midstream and Infrastructure is headquartered in Canada and is traded under the ticker symbol TWM. At the last market close, its share price was C$23.62 with a trading volume of 47,399.
| YTD performance | 11417.08% |
| Market cap | C$530.9 million |
| Revenue | C$1.6 billion |
| Earnings per Share (EPS) | -C$3.52 |
| Return on Equity (ROE) | -29.70% |
| Net Profit Margin | -4.75% |
| Operating Margin | 3.64% |
WELL Health Technologies (WELL.TO)
WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally.
WELL Health Technologies is headquartered in Canada and is traded under the ticker symbol WELL. At the last market close, its share price was C$4.31 with a trading volume of 969,013.
| YTD performance | -44.01% |
| Market cap | C$1.2 billion |
| Revenue | C$1.5 billion |
| Earnings per Share (EPS) | C$0.02 |
| Return on Equity (ROE) | 1.64% |
| Price-to-Earnings Ratio (P/E) | 225.50 |
| Net Profit Margin | 0.25% |
| Operating Margin | 5.06% |
What you should know before buying the best Canadian stocks
There’s no single winning strategy to finding what experts might call the best stocks to buy right now in Canada, because the most important considerations are your own goals and circumstances.
Our verdict on the best Canadian stocks is not personal financial advice; we have not considered your personal objectives and financial situation. Do your own research, and speak with an investment professional if in doubt.
Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know what risk you’re comfortable with and whether a stock is performing well, making a profit, paying dividends or losing value. Past performance does not guarantee future results. Investments can increase and decrease in value.
This list and data was compiled October 1, 2026. The algorithm was last updated January 27, 2021.
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Our expert says
"Beginners may benefit the most by investing in a handful of stocks of companies they know and whose products they are familiar with. That said, beginners may want to build the core of their portfolio with broad market index funds to get the most diversification without requiring the market expertise needed for picking individual stocks."
Canadians consider stocks a smart investment option
Nearly four out of ten Canadians (39.01%) consider stocks to be an appealing investment in 2026, according to the Finder: Consumer Sentiment Survey March 2026. Mutual funds (35.65%) and GICs (34.38%) are the next most popular types of investments, while crypto meme coins (5.60%) and crypto ETFs (9.29%) are the least popular. This suggests that investors prefer more predictable returns over high-risk, high-reward opportunities.
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FAQs about the best TSX stocks to buy right now
Sources
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. 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 most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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