In this article, we discuss the 10 Must-Buy Canadian Stocks to Invest in.
At a time when Wall Street is reeling from losses driven by technology, Canada’s stock market is displaying resiliency. Strength in producers of gold and basic materials helped the S&P/TSX Composite Index close firmly up on Thursday, although U.S. markets reported their fifth consecutive fall. Money is moving from the mega-cap tech companies that control the S&P 500 to industries with more conventional value plays, as the divergence illustrates.
Analysts observe that the sector mix of Canada’s index is much more diverse. The TSX is largely dependent on resources, financials, and industrials, in contrast to the U.S., where technology stocks can make up about 40% of the S&P 500. In addition to providing upside through commodities like gold and oil, which continue to be significant hedges in uncertain times, that structure protects it from some of the volatility associated with inflated tech giants.
With valuations already high, investors are anxious to see if robust capital markets and an economy that is still solid could sustain further expansion as Canadian banks prepare to report their earnings. Together with strong mining and energy performance, Canada’s market provides exposure to industries distinct from the American tech cycle. These circumstances can offer investors looking for must-have Canadian stocks that would give them a chance to diversify their portfolios with reputable names that have a solid track record of stability and long-term worth.
With this backdrop in mind, let’s shed light on our list of the 10 Must-Buy Canadian Stocks to Invest in.
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Our Methodology
To curate our list of the 10 Must-Buy Canadian Stocks to Invest in, we used the Finviz screener to extract a list of Canadian stocks with significant upside potential. Next, we ranked these stocks in ascending order based on the number of hedge funds holding stakes in each stock. We relied on Insider Monkey’s database to assess hedge fund ownership in each stock, which tracks over 1,000 hedge funds.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Orla Mining Ltd. (NYSE:ORLA)
Number of Hedge Fund Holders: 18
Upside Potential: 36.84%
With strong upside potential and significant hedge fund interest, Orla Mining Ltd. (NYSE:ORLA) secures a spot on our list of the 10 Must-Buy Canadian Stocks to Invest in.
Orla Mining Ltd. (NYSE:ORLA) saw a boost on August 12, 2025, when Andrew Mikitchook of BMO Capital reiterated a Buy rating with a $14.46 price target, pointing to the company’s solid operations and promising future. Efficiency and output are anticipated to be driven by the Camino Rojo mine’s steady performance and ongoing efforts related to its open-pit operations. With earnings per share and all-in sustaining costs meeting projections, Orla’s second-quarter results were in line with expectations.
Orla Mining Ltd. (NYSE:ORLA)’s production outlook is further strengthened by strategic actions, such as the acquisition of Musselwhite and the advancement of the South Railroad project in Nevada. Orla Mining seems to be in a strong position for long-term growth, bolstered by debt reduction efforts and a healthy cash position.
A Vancouver-based business, Orla Mining Ltd. (NYSE:ORLA), is involved in the acquisition, exploration, development, and management of gold and base metal properties in Ontario, Nevada, Panama, and Mexico.
9. CGI Inc. (NYSE:GIB)
Number of Hedge Fund Holders: 22
Upside Potential: 28.44%
CGI Inc. (NYSE:GIB) is included in our list of the 10 Must-Buy Canadian Stocks to Invest in.
To accelerate Kesko’s digital transition, CGI Inc. (NYSE:GIB) formed a strategic alliance with Kesko on August 20, 2025. The partnership includes end-user, cloud, capacity, and integration services. CGI also helps Kesko’s retail network with digital development. The cooperation is indicative of a larger trend in the industry where businesses work together in close, risk-sharing partnerships to promote innovation and commercial growth.
Leena-Mari Lähteenmaa, President of CGI Finland, Poland, and the Baltics, remarked:
“We appreciate Kesko’s confidence in building a true and profound partnership, where the achievement of strategic goals is guided by joint metrics and investments.”
This deal demonstrates CGI Inc. (NYSE:GIB)’s expanding global impact in formulating digital transformation plans.
Founded in 1976, CGI Inc. (NYSE:GIB) is a leading global provider of business and IT consulting services, ranging from managed IT solutions and digital transformation to strategic consulting and systems integration.
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