20 Good Stocks to Buy in Canada

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The factors that determine how good a stock is in Canada are relative, subject to the aims and objectives of the investor; the best possible value obtainable from the possible investment; potential growth of the selected stock; the momentum of the selected stock; stock market forces and influencers.

Stock is a security that represents the ownership of a fraction of a corporation. A share is a unit of stock and stocks of public corporations are traded on the stock exchange.

The purpose of this article is to present some stocks, preferably stocks traded on New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX), that we classified as good for stock investors that are interested in short-term or long-term profiteering.

Disclaimer: Stock trading is risky and not suitable for every investor. The valuation of stocks fluctuate constantly, so this article might not reflect the current market situation. This is only for informational purposes. Please contact your financial advisor before making any financial decisions.

1. Restaurants Brands International, Inc. Stock

Restaurants Brands International Inc. owns, operates, and franchises service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. It was founded in 1954 and its headquarter is in Toronto, Canada. It owns or franchised over 4,932 TH restaurants, 18,838 BK restaurants, and 3,316 PLK restaurants, and yet counting.

QSR entered a partnership with UberEats, the organization reported strong overall sales growth led by nearly 4% at Burger King, 3% at Popeyes, and almost 1% at Tim Hortons. The company announced a master franchise agreement to open 1,500 new Popeyes restaurants in China over the next decade, new units that would represent 50% of the brand’s current store base.

Record on the table as of March 7, 2021.

S.N. Restaurants Brands International, Inc. (NYSE: QSR)
1 Share Value US$62.47
2 Market Capitalization US$19.09 billion
3 Dividend Yield 3.26%.
4 Dividend Date April 6, 2021
5 Consensus Rating Buy, Hold – 2.68
6 Consensus Price Target US$65.18
7 Price Target Upside 4.34% Upside
8 2021 Earnings Per Share Consensus Estimate US$2.81
9 Short Interest Ratio/Days to Cover 4.7
10 P/E Ratio 33.95

2. Kinross Gold Corporation (KGC)

Kinross Gold Corporation (KGC) with its subsidiaries engages in the acquisition, exploration, extraction, development, and processing of gold properties principally in Canada, the United States of America, Russia, Brazil, Chile, Ghana, and Mauritania.

The corporation has proven and probable mineral reserves of 24.3 million ounces of gold and 55.7 million ounces of Silver. The company was founded in 1993 and its headquarter is in Toronto, Canada.

Record on the table as of March 7, 2021.

S.N. Kinross Gold Corporation (NYSE: KGC)
1 Share Value US$6.55
2 Market Capitalization US$8.24 billion
3 Dividend Yield 1.88%
4 Dividend Date March 18, 2021
5 Consensus Rating Buy, Hold – 2.92
6 Consensus Price Target US$11.80
7 Price Target Upside 80.08% Upside
8 2021 Earnings Per Share Consensus Estimate US$0.97
9 Short Interest Ratio/Days to Cover 0.8
10 P/E Ratio 7.71

3. Barrick Gold Corporation (NYSE: GOLD) stock

Barrick Gold engages in the exploration and development of mineral properties. It primarily explores gold and copper deposits. Barrick Gold has a strategic cooperation agreement with Shandong Gold Group Co. Ltd; the company was founded in 1983 and its headquarter is in Toronto, Canada.

The company holds 50% interest in the Varadero Mine in Australia, 95% interest in the Porgera gold mine in New Guinea, 50% interest in Zaldivar copper mine in Chile, and 50% interest in Jabal Sayid copper mine in Saudi Arabia.

Record on the table as of March 7, 2021.

S.N. Barrick Gold Corporation (NYSE: GOLD)
1 Share Value US$19.84
2 Market Capitalization US$35.28 billion
3 Dividend Yield 1.85%
4 Dividend Date May 5, 2021
5 Consensus Rating Buy – 3.00
6 Consensus Price Target US$31.56
7 Price Target Upside 59.09% Upside
8 2021 Earnings Per Share Consensus Estimate US$1.38
9 Short Interest Ratio/Days to Cover 0.5
10 P/E Ratio 11.67

4. Brookfield Asset Management stock

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Their investment focus is on real estate, renewable power, infrastructure, and private equity assets. The organization’s objective is to generate attractive long-term risk-adjusted returns for the benefit of its clients and shareholders.

They manage a range of public and private investment products and services for institutional and retail clients. They earn asset management income for their services.

The balance sheet of the organization indicates over $30 billion of capital invested, primarily in their four listed partnerships: Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners, and Brookfield Business Partners.

Record on the table as of March 7, 2021.

S.N. Brookfield Asset Management (NYSE: BAM)
1 Share Value US$41.61
2 Market Capitalization US$62.82 billion
3 Dividend Yield 1.16%
4 Dividend Date May 13, 2021
5 Consensus Rating Buy – 3.10
6 Consensus Price Target US$45.32
7 Price Target Upside 8.91% Upside
8 2021 Earnings Per Share Consensus Estimate US$1.87
9 Short Interest Ratio/Days to Cover 5.6
10 P/E Ratio N.A.

5. Canadian Natural Resources, Ltd stock

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and its headquarter is in Calgary, Canada.

Record on the table as of March 7, 2021.

S.N. Canadian Natural Resources, LTD. (NYSE: CNQ)
1 Share Value US$31.06
2 Market Capitalization US$36.82 billion
3 Dividend Yield 4.40%
4 Dividend Date March 4, 2021
5 Consensus Rating Buy, Hold – 2.83
6 Consensus Price Target US$38.89
7 Price Target Upside 25.21% Upside
8 2021 Earnings Per Share Consensus Estimate US$0.55
9 Short Interest Ratio/Days to Cover 2.7
10 P/E Ratio N.A.

6. Parkland Corporation stock

Parkland corporation operates as a marketer, distributor, and refiner of petroleum products. It is one of Canada’s largest and one of North America’s fastest independent marketers of fuel and petroleum products. Parkland serves customers across Canada, the United States, and international markets.

The company operates five (5) segments: Canada Retails (supplies and supports gas stations under the Ultramar, Esso, Fas Gas Plus, Chevron, and Pioneer), Canada Commercial (offers bulk fuel, heating oil, lubricants, and other petroleum products), USA (operates gas stations and delivers other petroleum products under Farstad Oil, Rhinehart Oil, Tropic Oil, Superpumper, and Harts Brands), Supply, and International (operates retail outlets under Esso, Shell, and SOL brands It engages wholesale, supply, and distribution business).

Parkland was formerly known as Parkland Fuel Corporation in May 2020. The company was founded in 1977and it is headquartered in Calgary, Canada.

Record on the table as of March 7, 2021.

S.N. Parkland (TSE: PKI)
1 Share Value CA$39.96
2 Market Capitalization CA$5.98 billion
3 Dividend Yield 3.04%
4 Dividend Date Monthly Dividend Payment
5 Consensus Rating Buy – 3.33
6 Consensus Price Target CA$47.82
7 Price Target Upside 19.67% Upside
8 2021 Earnings Per Share Consensus Estimate CA$2.08
9 P/E Ratio 74.00

7. Goeasy Ltd stock

Goeasy Ltd is a small-cap Canadian stock that provides non-prime leasing and lending services through its Easyhome and easyfinancial divisions. Easyhome segment leases furniture, appliances, electronics, and computers to Canadians. Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plan; optional home and auto benefit products.

The company was formerly known as easyhome Limited, founded in 1990, but the company changed its name to Goeasy Ltd in September 2015. The headquarter is in Mississauga, Canada.

Record on the table as of March 7, 2021.

S.N. Goeasy Ltd (TSE: GSY)
1 Share Value CA$121.59
2 Market Capitalization CA$1.80 billion
3 Dividend Yield 2.17%
4 Dividend Date Monthly Dividend Payment
5 Consensus Rating Buy – 3.00
6 Consensus Price Target CA$140.25
7 Price Target Upside 15.35% Upside
8 2021 Earnings Per Share Consensus Estimate CA$8.72
9 P/E Ratio 13.87

8. Agnico Eagle Mines stock

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Nothern Business and Southern Business segments.

It primarily produces and sells gold deposits, as well as explores silver, zinc, and copper deposits. The company’s flagship property is the LaRonde mine located in the Abitibi region of northwestern Quebec, Canada.

The company is also involved in exploration activities in Europe, Latin America, and the United States. Agnico Eagle Mines Ltd was founded in 1953 and the headquarter is located in Toronto, Canada.

Record on the table as of March 7, 2021.

S.N. Agnico Eagle Mines (TSE: AEM)
1 Share Value CA$72.38
2 Market Capitalization CA$17.61 billion
3 Dividend Yield 2.48%
4 Dividend Date Quarterly Dividend Payment
5 Consensus Rating Buy, Hold – 2.67
6 Consensus Price Target CA$114.14
7 Price Target Upside 57.70% Upside
8 2021 Earnings Per Share Consensus Estimate CA$4.36
9 P/E Ratio 34.47

9. Brookfield Renewable Partners stock

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in North America, Colombia, Brazil, Europe, and Internationally. The company operates through Hydroelectric, Wind and Solar, Storage, and Other segments.

The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. The company was founded in 1999 and is based in Hamilton, Bermuda. Brookfield Renewable Partners L.P. is a subsidiary of Brookfield Renewable Partners Limited.

Record on the table as of March 7, 2021.

S.N. Brookfield Renewable Partners (TSE: BEP.UN)
1 Share Value CA$49.13
2 Market Capitalization CA$13.50 billion
3 Dividend Yield 3.18%
4 Dividend Date Quarterly Dividend Payment
5 Consensus Rating Buy, Hold – 2.40
6 Consensus Price Target CA$53.40
7 Price Target Upside 8.69% Upside
8 2021 Earnings Per Share Consensus Estimate Nil
9 P/E Ratio N.A.

10. Cineplex stock

Cineplex Inc., through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure.

Cineplex Inc. was founded in 2003 and is headquartered in Toronto, Canada.

Record on the table as of March 7, 2021.

S.N. Cineplex (TSE: CGX)
1 Share Value CA$14.07
2 Market Capitalization CA$891.10 million
3 Dividend Yield 5.32%
4 Dividend Date N.A.
5 Consensus Rating Buy, Hold, Sell – 2.00
6 Consensus Price Target CA$12.36
7 Price Target Upside 12.17% Downside
8 2021 Earnings Per Share Consensus Estimate CA$0.02
9 P/E Ratio N.A.

11. Telus Stock (TSE: T)

Telus corporation together with its subsidiaries provides a range of telecommunications and information technology products and services in Canada. It operates through the wireless and wireline segments. It has 16.0 million subscriber connections.

The company was initially known as Telus Communications Inc, founded in 1993, before it changed its name to Telus Corp. in February 2005. It’s headquartered in Vancouver, Canada.

Record on the table as of March 7, 2021.

S.N. Telus (TSE: T)
1 Share Value CA$26.36
2 Market Capitalization CA$34.19 billion
3 Dividend Yield 4.82%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Buy – 3.00
6 Consensus Price Target CA$29.14
7 Price Target Upside 10.53% Upside
8 2021 Earnings Per Share Consensus Estimate CA$1.32
9 P/E Ratio 28.04

12. Cogeco Communications Inc. Stock (TSE: CCA)

Cogeco Communications Inc. is a subsidiary of Cogeco Inc. and it operates as a communications corporation in North America. It operates in two segments, Canadian Broadband Services, and American Broadband Services. The company offers Internet, video, and telephony services to residential and business customers through its two-way broadband fiber networks.

It offers cable operator services under the Cogeco Connexion name in Québec and Ontario, and in the United States under the Atlantic Broadband brand. The company was formerly known as Cogeco Cable Inc. and it was founded in 1972. However, it changed its name to Cogeco Communications Inc. in January 2016. It is headquartered in Montreal, Canada.

Record on the table as of March 7, 2021.

S.N. Cogeco Communications Inc. (TSE: CCA)
1 Share Value CA$115.94
2 Market Capitalization CA$5.55 billion
3 Dividend Yield 2.23%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Hold, Buy – 2.75
6 Consensus Price Target CA$123.64
7 Price Target Upside 6.64% Upside
8 2021 Earnings Per Share Consensus Estimate CA$1.94
9 P/E Ratio 14.15

13. Metro Inc. Stock (TSE: MRU)

Metro Inc. operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. It operates food stores, drug stores, and pharmacies.

As of January 27, 2021, the company operated a network of approximately 950 food stores under various banners, including Metro, Metro Plus, Super C, and Food Basics, as well as approximately 650 drugstores primarily under the Jean Coutu, Brunet, Metro Pharmacy, and Food Basics Pharmacy banners.

It also manufactures generic drugs; and provides online grocery shopping services. The company serves restaurants, other chains, non-franchised drugstores, and various health centers, as well as consumers. Metro Inc. was founded in 1947 and is headquartered in Montréal, Canada.

Record on the table as of March 7, 2021.

S.N. Metro Inc. (TSE: MRU)
1 Share Value CA$54.33
2 Market Capitalization CA$13.50 billion
3 Dividend Yield 1.86%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Hold – 2.00
6 Consensus Price Target CA$62.17
7 Price Target Upside 14.42% Upside
8 2021 Earnings Per Share Consensus Estimate CA$3.46
9 P/E Ratio 16.82

14. Canadian Utilities Limited Stock (TSE: CU)

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines, and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments.

The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

Record on the table as of March 7, 2021.

S.N. Canadian Utilities Limited (TSE: CU)
1 Share Value CA$30.59
2 Market Capitalization CA$8.35 billion
3 Dividend Yield 5.86%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Hold, Buy – 2.50
6 Consensus Price Target CA$35.75
7 Price Target Upside 16.87 Upside
8 2021 Earnings Per Share Consensus Estimate CA$2.11
9 P/E Ratio 23.17

15. Fortis Inc Stock (TSE: FTS)

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 MW of solar capacity

Fortis Inc. was founded in 1885 and is headquartered in St. John’s, Canada.

Record on the table as of March 7, 2021.

S.N. Fortis Inc (TSE: FTS)
1 Share Value CA$50.21
2 Market Capitalization CA$23.44 billion
3 Dividend Yield 4.03%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Hold, Buy, Strong Buy – 2.71
6 Consensus Price Target CA$59.22
7 Price Target Upside 17.95 Upside
8 2021 Earnings Per Share Consensus Estimate CA$2.80
9 P/E Ratio 19.31

16. TC Energy Corporation Stock (TSE: TRP)

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments.

The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada

Record on the table as of March 7, 2021.

S.N. TC Energy Corporation (TSE: TRP)
1 Share Value CA$56.94
2 Market Capitalization CA$56.37 billion
3 Dividend Yield 6.20%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Hold, Buy – 2.71
6 Consensus Price Target CA$68.80
7 Price Target Upside 20.83 Upside
8 2021 Earnings Per Share Consensus Estimate CA$4.19
9 P/E Ratio 13.63

17. Emera Incorporated Stock (TSE: EMA)

Emera Incorporated is an energy and services company with subsidiaries, it engages in the generation, transmission, and distribution of electricity to various customers. It operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.

Emera was incorporated in 1998 and is headquartered in Halifax, Canada.

Record on the table as of March 7, 2021.

S.N. Emera Incorporated (TSE: EMA)
1 Share Value CA$51.43
2 Market Capitalization CA$12.93 billion
3 Dividend Yield 4.98%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Hold, Buy – 2.57
6 Consensus Price Target CA$60.11
7 Price Target Upside 16.88 Upside
8 2021 Earnings Per Share Consensus Estimate CA$2.86
9 P/E Ratio 13.61

18. Shopify Inc. Stock (TSE: SHOP)

Shopify Inc. provides a cloud-based multichannel commerce platform for small and medium-sized businesses in Canada, the United States of America, Australia, and Internationally. It provides Web and mobile storefronts, physical retail locations, social media storefronts, and market places.

The company was formerly known as Jaded Pixel Technologies Inc. and was founded in 2004. Its name changed to Shopify Inc in November 2011 and it is headquartered in Ottawa, Canada.

Record on the table as of March 7, 2021.

S.N. Shopify Inc. (TSE: SHOP)
1 Share Value CA$1,431.80
2 Market Capitalization CA$175.71 billion
3 Dividend Yield N.A.
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Buy – 3.00
6 Consensus Price Target CA$1,835.00
7 Price Target Upside 28.16 Upside
8 2021 Earnings Per Share Consensus Estimate N.A.
9 P/E Ratio 552.82

19. Royal Bank of Canada Stock (TSE: RY)

Royal Bank of Canada operates as a diversified financial service company worldwide. The company’s Personal & Commercial Banking segment offers financial products and services through branches, automated teller machines, and a mobile sales network.

The company was founded in 1864 and is headquartered in Toronto, Canada.

Record on the table as of March 7, 2021.

S.N. Royal Bank of Canada (TSE: RY)
1 Share Value CA$112.57
2 Market Capitalization CA$160.40 billion
3 Dividend Yield 3.93%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Hold, Buy – 2.71
6 Consensus Price Target CA$115.91
7 Price Target Upside 2.96% Upside
8 2021 Earnings Per Share Consensus Estimate CA$9.28
9 P/E Ratio 13.94

20. Savaria Corporation Stock (TSE: SIS)

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling.

The company sells its products through dealers and retailers. Savaria Corporation was founded in 1979 and is headquartered in Laval, Canada

Record on the table as of March 7, 2021.

S.N. Savaria Corporation (TSE: SIS)
1 Share Value CA$17.56
2 Market Capitalization CA$894.61 million
3 Dividend Yield 2.81%
4 Dividend Date Dividend payable quarterly
5 Consensus Rating Buy – 3.00
6 Consensus Price Target CA$17.75
7 Price Target Upside 1.08% Upside
8 2021 Earnings Per Share Consensus Estimate CA$0.65
9 P/E Ratio 31.64

Conclusion

These stocks are not selected or ranked in any particular order or preference, the selection does not assess the viability of the business hence it’s important to have a systematic approach to understanding and buying Canadian stocks which offer the best opportunities.

We strongly recommend further research on stocks that may interest investors owing to the information communicated in this article.

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Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.

Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.