In this article, we will look at the 11 Best Performing Canadian Stocks So Far in 2025.
On June 13, Royal Bank of Canada released its Canadian Outlook 2025. The report notes that, while structural challenges persist for the Canadian economy, the outlook is significantly brighter than it was a few months ago. Ongoing challenges include weak business investment, trade shocks, persistent uncertainty, and an unstable housing market. However, the future appears less bleak, with positives such as a limited tariff impact, strategic resource benefits, adaptable monetary policy, and improving fiscal conditions.
The report emphasized that the Canadian economy shifted from being the main target of US tariffs in February and March to having the lowest tariff rates in April. While steel, aluminum, and vehicles face major US tariffs, other imports largely remain tariff-free under the CUSMA free trade agreement. Additionally, the report indicated that although Canadian consumer confidence dropped sharply in March due to trade tensions, real spending data declined only slightly. On the other hand, manufacturing jobs weakened, but the job postings stabilized, signaling some economic resilience despite weaker sentiment.
The report presents an optimistic outlook for the Canadian economy, with the CUSMA agreement providing substantial protection.
With that, let’s take a look at the 11 best performing Canadian stocks so far in 2025.
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Our Methodology
To curate the list of the 11 best performing Canadian stocks so far in 2025, we used the Finviz stock screener and Insider Monkey’s Q1 2025 database. Using the screener, we aggregated a list of Canadian Stocks that have gained more than 30% on a year-to-date basis. Next, we cross-checked the performance and ranked the stocks in ascending order of the number of hedge fund holders. Please note that the data was recorded on August 10, 2025.
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).
11 Best Performing Canadian Stocks So Far in 2025
11. Triple Flag Precious Metals Corp. (NYSE:TFPM)
YTD Performance: 65.23%
Number of Hedge Fund Holders: 24
Triple Flag Precious Metals Corp. (NYSE:TFPM) is one of the Best Performing Canadian Stocks So Far in 2025. On August 6, Triple Flag Precious Metals Corp. (NYSE:TFPM) released its fiscal second quarter update and announced a 5% annual increase to its quarterly dividend.
Triple Flag Precious Metals Corp. (NYSE:TFPM) reported $94.1 million in revenue for the quarter, up from $63.6 million in Q2 2024. Management maintained its 2025 gold equivalent ounces guidance of 105,000 to 115,000 ounces and its 2029 outlook of 135,000 to 145,000 ounces. Moreover, the Board of Directors declared a quarterly cash dividend of $0.0575 per common share, payable on September 15, 2025, representing a 5% increase from the previous annualized dividend of $0.22.
Management also highlighted the acquisition of Orogen Royalties Inc., which it completed in July 2025, securing a 1.0% net smelter return royalty on the Arthur gold project in Nevada. Moreover, Triple Flag Precious Metals Corp. (NYSE:TFPM) also acquired a 1.5% gross revenue royalty on the Johnson Camp Mine in Arizona. This, combined with the pre-existing 1.5% gross revenue royalty, takes the company’s royalty to 3% for the mine. The Johnson Camp Mine began copper leaching in July 2025, with first copper sales expected in September 2025.
Triple Flag Precious Metals Corp. (NYSE:TFPM) is a streaming and royalty company that provides investors with exposure to gold, silver, and other metals through royalties and streams on mining assets.
10. The Toronto-Dominion Bank (NYSE:TD)
YTD Performance: 31.71%
Number of Hedge Fund Holders: 25
The Toronto-Dominion Bank (NYSE:TD) is one of the Best Performing Canadian Stocks So Far in 2025. On July 23, The Toronto-Dominion Bank (NYSE:TD) announced its strategic partnership with Fiserv to improve the client experience for the company’s Merchant Solutions business in Canada.
The Merchant Solutions business will offer Fiserv’s Clover product, which includes advanced payment processing and servicing. Moreover, the company’s clients will continue to have seamless access to merchant solutions to accept credit and debit payments without disruption. In addition, as part of the partnership, Fiserv will buy a segment of The Toronto-Dominion Bank’s (NYSE:TD) merchant processing business, which includes about 3,400 merchant contracts covering 30,000 merchant locations. The sale is expected to close in late 2025, and management expects that it will not have a significant impact on the company’s business.
The Toronto-Dominion Bank (NYSE:TD) is a major bank operating mainly in North America. It offers personal banking, commercial banking, wealth management, insurance, and wholesale banking services.
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