5 Best Canadian Stocks to Invest In According to Billionaires

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In this article, we will list the 5 Best Canadian Stocks to Invest In According to Billionaires. Please visit 10 Best Canadian Stocks to Invest In According to Billionaires to see the extended list and the methodology behind it.

5. Shopify Inc. (NASDAQ:SHOP)

Dollar Value of Billionaire Holdings: $2.29 billion

Number of Billionaire Investors: 21

Shopify Inc. (NASDAQ:SHOP) is one of the best Canadian stocks to invest in according to billionaires. On June 2, Shopify announced a $3 billion expansion to its share repurchase program, increasing its total aggregate authorization to $5 billion. This move reflects the company’s confidence in its long-term business durability and its ongoing ability to generate consistent operating cash flow.

5 Best Canadian Stocks to Invest In According to Billionaires

Chief Financial Officer Jeff Hoffmeister highlighted that this capital allocation strategy allows Shopify to balance investments in merchant-focused product development with returning value to shareholders. The company emphasized that its balance sheet remains structured to support this dual focus, even during periods of market volatility.

As of June 1, Shopify Inc. (NASDAQ:SHOP) had already repurchased approximately $1.45 billion in shares under its existing authorization. The company will continue to execute the program through algorithmic trading instructions, with no mandatory minimums. Repurchases remain discretionary and may be adjusted, suspended, or terminated based on market conditions and legal requirements.

Shopify Inc. (NASDAQ:SHOP) operates as a commerce technology company. The company 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.

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