5 Best Canadian Stocks to Buy Now

Below we presented the list of 5 best Canadian stocks to buy now. For our detailed discussion and a more comprehensive list please see 11 best Canadian stocks to buy now.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best Canadian stocks to buy now.

5. Brookfield Asset Management (NYSE:BAM)

No of HFs: 35

Total Value of HF Holdings: $1.08 Billion

BAM ranks as the fifth-best Canadian stock to buy now. Third Avenue Management mention some of their comments on the stock in their 3Q 2020 investor letter,

“Third Avenue has long championed enterprises with sound business practices run by aligned control groups that exhibit strong stewardship. Within Third Avenue’s real estate strategy, this oftentimes leads the Fund to “pass” on investments in companies with uncertain environmental liabilities, business models that could be deemed predatory, and corporate governance structures that are stacked against key stakeholders. Consequently, the select-set of real estate and real estate-related business that make it into the Third Avenue Real Estate Value Fund represent some of the true industry leaders in respect to their ESG practices, including Brookfield Asset Management (a leading alternative asset manager), which controls one of the largest privately-held portfolios of renewable energy assets globally with more than 19,000 MW of hydroelectric, wind, and solar capacity.”