10 Best Canadian Stocks to Buy Under $20

8. Lionsgate Studios Corp. (NYSE:LION)

Lionsgate Studios Corp. (NYSE:LION) is one of the best Canadian stocks to buy under $20. On February 5, Lionsgate Studios reported a strong FQ3 2026. The company’s film and television library reached an all-time high of $1.05 billion in trailing 12-month revenue, marking its fifth consecutive record quarter. Key successes included the worldwide box office hit The Housemaid, which already has a sequel in production, alongside renewals for 12 of the television group’s 13 scripted series.

Despite these wins, the company faced financial headwinds, reporting a fully diluted loss of $0.16 per share. Net cash flow used in operating activities totaled $109 million, and leverage increased to 7.4x due to lower trailing 12-month adjusted EBITDA. Additionally, the television segment saw a year-over-year decline in revenue and profit, which management attributed to the specific timing of episodic deliveries.

To drive future growth, Lionsgate Studios Corp. (NYSE:LION) is aggressively integrating AI into scheduling, post-production, and script revisions under a newly appointed Chief AI Officer. The company is also focused on monetizing its IP through non-theatrical ventures, including The Hunger Games live experiences and upcoming John Wick video game projects.

Lionsgate Studios Corp. (NYSE:LION) is a standalone, publicly traded content company following its separation from Lionsgate’s legacy structure. It operates across film, television, and digital content, using a deep and globally recognized IP portfolio to drive recurring revenue and long-term franchise value.