In this article, we will discuss the 10 Best Canadian Stocks to Invest In According to Billionaires.
On June 8, Michael Zinn, Managing Director & Senior Portfolio Manager at UBS, joined BNN Bloomberg to discuss the outlook on the markets. Zinn observed a buy-on-the-dip mentality in the current market, though he suggests that investors may now face a higher bar to justify further gains, as expectations have already climbed quite high. He identified several percolating issues, specifically noting that if oil prices were to reach new highs, it could derail current market expectations. While he does not currently expect this outcome, he views it as a significant risk. Furthermore, he pointed to inflation as a potential fly-in-the-ointment in the US and highlighted the upcoming debut of the new Fed Chair, Kevin Warsh, whose task of navigating various cross-currents within the Fed may lead to potential fireworks.
Regarding the situation in the Middle East, Zinn remarked that while the market has largely faded the impact of the ongoing conflict, average investors have often been perplexed by the market’s tendency to ignore these significant issues. He attributed this market behavior to sufficient oil supplies and the rapid entry of alternative pipelines and suppliers into the market. However, he noted that energy experts are beginning to warn that inventories are running low. While he believes that the current positioning expects a resolution to the conflict, Zinn considers it a logical portfolio management strategy to maintain a slight overweight position in energy. He views this as an easy hedge against the more massive, concentrated trade in AI.
On the subject of AI, Zinn clarifies that while Friday’s sell-off was significant, it was concentrated in higher market-cap stocks, and noted that roughly half of the stocks in the S&P 500 were actually up on that day. This highlights the narrow market leadership that has defined the year, characterized by a catch-up trade as investors rushed to add AI infrastructure stocks to their portfolios amid rising earnings expectations. As the earnings season concludes, guidance remains solid but is arguably less wildly optimistic, leading to the trading down of these specific stocks. Zinn believes that the bullish trend for AI is far from over, but the market may be entering a period of more muted participation, suggesting a sell-to-rally dynamic going forward. Zinn advocates for diversification as a strategy for H2 of the year, specifically mentioning healthcare and Europe.
Our Methodology
We used screeners to identify Canadian stocks and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. We then screened 10 stocks with over 15 billionaire investors from Insider Monkey’s database of billionaire holdings, as of Q1 2026. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on June 8.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Best Canadian Stocks to Invest In According to Billionaires
10. Brookfield Corporation (NYSE:BN)
Dollar Value of Billionaire Holdings: $3.91 billion
Number of Billionaire Investors: 16
Brookfield Corporation (NYSE:BN) is one of the best Canadian stocks to invest in according to billionaires. On May 25, Brookfield Corporation received approval from the Toronto Stock Exchange to renew its normal course issuer bid, authorizing the purchase of up to 191,034,672 Class A Limited Voting Shares. This initiative represented 10% of the public float and was to run from May 27 to May 26. Transactions were to occur on the TSX, NYSE, or alternative trading systems at prevailing market prices.
During the previous bid period, which began in May 2025, the company purchased a total of 15,130,344 Class A Shares on a post-split basis at a weighted average price of $41.51 per share. Brookfield Corporation (NYSE:BN) is renewing the program to maintain flexibility in its capital allocation strategy, noting that all acquired shares will either be cancelled or used to support long-term incentive plans.
To facilitate these repurchases, Brookfield expects to implement an automatic share purchase plan around the week of June 15. This plan will allow for share acquisitions during periods when the company would otherwise be restricted from trading, such as internal black-out periods. At other times, repurchases will be conducted at management’s discretion in compliance with all applicable regulations.
Brookfield Corporation (NYSE:BN) is a multi-asset manager investing across real estate, credit, renewable power, infrastructure, venture capital, and private equity.
9. Franco-Nevada Corporation (NYSE:FNV)
Dollar Value of Billionaire Holdings: $1.85 billion
Number of Billionaire Investors: 17
Franco-Nevada Corporation (NYSE:FNV) is one of the best Canadian stocks to invest in according to billionaires. On May 12, Franco-Nevada achieved record financial results in FQ1 2026, with revenue rising 77% to $650.7 million. This growth was driven by high commodity prices, new asset contributions, and a tax refund, leading to record-breaking operating cash flow, Adjusted EBITDA, and net income. CEO Paul Brink highlighted that the company’s royalty and streaming model remains insulated from inflation while benefiting from rising oil prices.
The company also announced a leadership transition, with Tom Albanese appointed as the new independent non-executive Chair of the Board. He succeeds David Harquail, who retires as Chair after 18 years to become Chair Emeritus. Harquail was recognized for his pivotal role in the company’s IPO and its long-term development into a major financial player in the gold royalty sector.
Operationally, precious metal assets accounted for 87% of quarterly revenue, supported by strong performance from assets like Antamina, Hemlo, and newer projects such as Côté Gold. The company sold 136,353 Gold Equivalent Ounces and concluded the quarter with $3.4 billion in available capital. This strong balance sheet continues to support Franco-Nevada Corporation’s (NYSE:FNV) strategy of delivering long-term value to its shareholders.
Franco-Nevada Corporation (NYSE:FNV) operates as a royalty and stream company. It is focused on precious metals, including silver, gold, and platinum group metals. The company operates in the Precious Metals, Other Mining, and Energy segments.
