Blue chip companies are the biggest and the best. They\u2019re well established, leaders in their industry, and they\u2019ve got a proven track record of strong financial performance and growth. So if you\u2019re looking to start investing, it\u2019s well worth comparing the best blue chip stocks in Canada.<\/p>
Keep reading to find out what blue chip stocks are and what benefits they provide for investors.<\/p>
Blue chip stocks are shares of major publicly traded companies. These companies are many of the largest in Canada, they\u2019re financially robust, and they have a long history of success at the top of their industry.<\/p>
Why are they called blue chips? The name actually comes from casino poker tables, where blue chips are the most valuable.<\/p>
There\u2019s no official list a company has to make it onto to be considered a blue chip stock. There\u2019s also no universally agreed upon set of requirements a company must meet to be classified as a blue chip.<\/p>
Blue chip stocks in Canada, and in the market at large, typically share the following characteristics:<\/p>
From the Big Five banks to major mining, energy, infrastructure and retail companies, many of Canada\u2019s best-known brands are blue chip stocks. Check out the table below for details of popular blue chip stocks in Canada.<\/p>
| Company<\/th> | Ticker<\/th> | Stock price<\/th> | Market cap<\/th> | Pays dividends?<\/th> | Buy now<\/th><\/tr><\/thead> |
|---|---|---|---|---|---|
![\"RBC](\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/02\/RBCLogo_Supplied.png\" "\\"Image:") <\/a><\/td> | RY<\/td> | \n $173.67\n |