The Canadian stock market offers investors a variety of interesting investment opportunities. The northern neighbor of the U.S.A. is known in particular for mining, raw materials extraction and trading, and for the export of agricultural goods. Financial services and manufacturing are also significant sectors of the economy. The most important stock exchange in Canada is the Toronto Stock Exchange and the leading index is the S&P/TSX 60. In this article we present a small selection of Canadian stocks from different industries.
By the way: Canadian stocks are available at CapTrader from as little as 0.01 Canadian dollar (minimum per order 1.00 CAD). Order fee tradable.
Shopify
- Company: Shopify Inc
- Symbol (TWS): SHOP
- ISIN: CA82509L1076
- Stock Exchange: Toronto Stock Exchange
- Country: Canada
- Currency: Canadian Dollar (CAD)
- Market capitalization: CAD 87.41 billion / USD 68.65 billion
- Sales (TTM) in USD: 4.61 billion
Shopify is one of the most popular e-commerce platforms in the world and allows businesses to create their own online stores. The software is used by over 1.7 million companies worldwide. Shopify is the largest publicly traded company in Canada and has the highest index weighting in the benchmark S&P/TSX 60 index. Shopify's market capitalization is approximately CAD 87 billion or USD 69 billion. Shopify's stock price saw strong gains, particularly in 2020 and 2021, benefiting from the e-commerce boom due to the Covid pandemic. Since the high in November 2021, the share price has now fallen around 70%.
Royal Bank Of Canada
- Company: Royal Bank Of Canada
- Symbol (TWS): RY
- ISIN: CA7800871021
- Stock Exchange: Toronto Stock Exchange
- Country: Canada
- Currency: Canadian Dollar (CAD)
- Market capitalization: CAD 195.71 billion / USD 153.70 billion
- Sales (TTM) in USD: 50.57 billion
Royal Bank of Canada (RBC for short) is the largest financial institution in Canada and the second largest company by market capitalization. Revenues in the last fiscal year were CAD 45.65 billion and profits were CAD 16.04 billion. RBC was founded in 1864 and has a reputation as a bank with excellent customer service, despite some controversies the company has been involved in in the past. The stock chart shows a long-term and stable uptrend since the lows in March 2020.
Barrick Gold
- Company: Barrick Gold Corporation
- Symbol (TWS): ABX
- ISIN: CA0679011084
- Stock Exchange: Toronto Stock Exchange
- Country: Canada
- Currency: Canadian Dollar (CAD)
- Market capitalization: CAD 55.25 billion / USD 43.39 billion
- Sales (TTM) in USD: 11.99 billion
Barrick Gold is one of the world's best known and most popular gold stocks. Naturally, the prices of gold shares show a very high correlation to the gold price. A feared inflation as well as uncertainties due to the war in Ukraine caused the gold price to rise significantly recently, which also drove up the share price of Barrick Gold. Furthermore, Barrick Gold is active in the mining of silver and copper.
Enbridge
- Company: Enbridge Inc
- Symbol (TWS): ENB
- ISIN: CA29250N1050
- Stock Exchange: Toronto Stock Exchange
- Country: Canada
- Currency: Canadian Dollar (CAD)
- Market capitalization: CAD 114.77 billion / USD 90.14 billion
- Sales (TTM) in USD: 47.07 billion
Enbridge is a Calgary-based pipeline operator. With a pipeline system of more than 13,500 kilometers in Canada and the USA, the company operates the world's largest crude oil and liquids pipeline system. Enbridge's market capitalization is currently about CAD 115 billion, or about USD 90 billion, and the company is particularly attractive to defensive shareholders who value a long-term stable business model and regular cash flow. Enbridge has been paying a dividend for almost 70 years and is one of Canada's most popular dividend stocks with a current dividend yield of about 6 %.
Nutrien
- Company: Nutrien Ltd
- Symbol (TWS): NTR
- ISIN: CA67077M1086
- Stock Exchange: Toronto Stock Exchange
- Country: Canada
- Currency: Canadian Dollar (CAD)
- Market capitalization: CAD 71.24 billion / USD 55.95 billion
- Sales (TTM) in USD: 26.86 billion
Another Canadian stock that is known for its long-term stable growth is Nutrien. Formed in 2018 through the merger of two Canadian companies, Potash Corporation of Saskatchewan and Agrium, Nutrien is the world's leading fertilizer manufacturer. During the pandemic, the company's e-commerce division expanded greatly and it is now easier than ever for farmers to buy crop nutrients. The share has been in a stable upward trend since March 2020 and completed a very strong price increase within a few days, especially in March 2022.