In this article, we will list the 5 Best Canadian Stocks to Buy for Long Term. Please visit 10 Best Canadian Stocks to Buy for Long Term to see the extended list and the methodology behind it.
5. Lululemon Athletica Inc. (NASDAQ:LULU)
Lululemon Athletica Inc. (NASDAQ:LULU) is one of the best Canadian stocks to buy for long term. On April 20, Lululemon officially launched its e-commerce platform in Mexico, marking a significant milestone in the company’s North American growth strategy. The new website, lululemon.mx, allows local customers to purchase a full range of technical performance apparel, footwear, and accessories for activities such as yoga, running, and training.
By integrating digital capabilities with its physical presence, the company aims to provide a seamless omnichannel experience that caters to the increasing demand for its products in the region. To complement this digital expansion, Lululemon plans to significantly increase its brick-and-mortar footprint in Mexico during FY26. The company intends to open eight new stores in the country as part of a broader plan to add 15 locations across North America. This expansion is expected to bring the total number of Lululemon stores in Mexico to more than 30 by the end of the fiscal year.
Beyond retail growth, Lululemon Athletica Inc. (NASDAQ:LULU) is deepening its community ties through large-scale brand activations and its local Ambassador network. Recent initiatives include the Lululemon 10K CDMX race in Mexico City, which attracted nearly 8,000 participants, and a multi-day summit for over 100 Mexico-based Ambassadors.
Lululemon Athletica Inc. (NASDAQ:LULU) engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories.
4. Pan American Silver Corp. (NYSE:PAAS)
Pan American Silver Corp. (NYSE:PAAS) is one of the best Canadian stocks to buy for long term. On March 26, Bank of America raised the price target for Pan American Silver to $94 from $84 with a Buy rating, following the release of the updated Preliminary Economic Assessment for the La Colorada Skarn project. Analysts highlighted that the revised plan reduces upfront capital expenditures compared to previous estimates while still maintaining a robust production growth profile for silver, zinc, and lead.
Additionally, on March 24, Pan American Silver announced a Revised Preliminary Economic Assessment/PEA for its 100% owned La Colorada property in Zacatecas, Mexico, positioning it to become one of the world’s largest and lowest-cost silver mines. The plan involves the simultaneous development of newly identified high-grade silver veins and high-grade portions of the skarn deposit using conventional long-hole open stoping.
The project includes the construction of a new 15,000 tonnes per day processing plant, with existing vein mine operations continuing throughout construction to achieve a significantly expanded production profile. The Revised PEA highlights exceptional economic potential, forecasting an average annual silver production of 19.1 million ounces during the peak five years following ramp-up. With base case silver prices set at $45.00 per ounce, the project boasts an after-tax net present value of $2.6 billion and an internal rate of return of 17%.
Pan American Silver Corp. (NYSE:PAAS) is a premier Canadian-based mining company that explores, extracts, and produces silver and gold, along with base metals like zinc, lead, and copper, primarily in the Americas. It operates high-margin mines and aims to be the world’s leading silver producer.
3. Wheaton Precious Metals Corp. (NYSE:WPM)
Wheaton Precious Metals Corp. (NYSE:WPM) is one of the best Canadian stocks to buy for long term. On April 2, Wheaton Precious Metals entered into a $300 million precious metals purchase agreement with KGL Resources, marking its first-ever streaming transaction in Australia. The deal focuses on silver and gold by-product streaming from the Jervois Copper Project in the Northern Territory.
Under the terms, Wheaton will provide a $275 million upfront payment, consisting of a $32 million early deposit to support immediate development and $243 million paid in four installments as construction milestones are met. The agreement also includes a $25 million cost overrun facility to ensure project stability. This move expands Wheaton’s global portfolio into a Tier-1 mining jurisdiction where all necessary permits for development are already secured.
By funding the Jervois project, Wheaton Precious Metals Corp. (NYSE:WPM) secures long-term exposure to precious metal by-products from a site positioned to be one of Australia’s next major copper producers. The stream is tied to the Jervois tenements, and Wheaton’s technical team collaborated closely with KGL to align the funding with the project’s upcoming production phases. Additionally, Wheaton committed to supporting KGL’s financial structure through a future equity investment.
Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian multinational precious metals streaming company across Europe, South America, North America, and Africa. It mainly produces and sells silver, gold, Platinum, palladium, and cobalt deposits. The company was incorporated in 2004 and is based in Vancouver, Canada.
2. Agnico Eagle Mines Limited (NYSE:AEM)
Agnico Eagle Mines Limited (NYSE:AEM) is one of the best Canadian stocks to buy for long term. On April 20, Agnico Eagle Mines announced a comprehensive plan to consolidate the Central Lapland Greenstone Belt/CLGB in Northern Finland through three definitive transactions. The company will acquire all outstanding shares of Rupert Resources Ltd. and Aurion Resources Ltd., as well as B2Gold’s 70% interest in the Fingold JV.
This move consolidates ~2,492 km² of highly prospective land, combining Agnico Eagle’s existing Kittila mine with the advanced Ikkari gold project. By eliminating property boundaries, the company aims to establish Finland as a multi-decade regional platform with a path toward producing approximately 500,000 ounces of gold annually within the next decade.
The financial structure of these acquisitions involves a mix of shares and cash. For the Rupert Transaction, shareholders will receive 0.0401 of an Agnico Eagle Mines Limited (NYSE:AEM) share per Rupert share, plus contingent value rights/CVRs worth up to $3 based on future mineral reserve and production milestones. The upfront consideration for Rupert is valued at ~$2.871 billion. Meanwhile, the Aurion acquisition is a cash deal valued at $2.60 per share (~$481 million total), and the purchase of B2Gold’s Fingold JV interest will be completed for $325 million in cash. Subject to shareholder and court approvals, the Rupert and Aurion transactions are expected to close early in Q3 2026.
Agnico Eagle Mines Limited (NYSE:AEM) is a senior Canadian gold mining company and the world’s second-largest gold producer, focused on exploring, developing, and operating mines. It operates high-quality, low-risk assets primarily in Canada, Australia, Finland, and Mexico, with about 85% of its production coming from Canada.
1. Shopify Inc. (NASDAQ:SHOP)
Shopify Inc. (NASDAQ:SHOP) is one of the best Canadian stocks to buy for long term. On March 26, Shopify launched Tinker, which is a free mobile app designed to simplify the creative process by consolidating over 100 specialized AI tools into a single platform. Aimed at eliminating the friction of subscription costs and complex prompting, the app allows users to generate images, videos, and logos through a guided experience.
By organizing tools by outcome and using models from providers like OpenAI and Google, Tinker enables anyone to explore and express their ideas without needing technical expertise. The platform streamlines high-quality production by handling complex background prompting, allowing users to describe their needs in plain language. Features include the ability to transform basic product photos into studio-quality editorial shots and maintain brand consistency across different projects by using context from previous creations.
This centralized environment ensures that as new AI models emerge, they are automatically integrated and accessible through the same familiar interface. Early adopters have already used Tinker to gain momentum and overcome traditional barriers to entry. Shopify Inc.’s (NASDAQ:SHOP) goal with Tinker is to lower the cost and learning curve of creation, making entrepreneurship more accessible to anyone with a spark of an idea.
Shopify Inc. (NASDAQ:SHOP) is a commerce technology company that offers tools to run, start, market, and scale businesses of different sizes globally. It is also involved in the sale of themes and apps, advertising on the Shopify App Store, point-of-sale hardware, shipping labels through Shopify Shipping, and Shop Campaigns for buyer acquisitions.
While we acknowledge the potential of SHOP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SHOP and that has 100x upside potential, check out our report about the cheapest AI stock.
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