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.
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.
4. Canadian National Railway Company (NYSE:CNI)
Dollar Value of Billionaire Holdings: $7.84 billion
Number of Billionaire Investors: 22
Canadian National Railway Company (NYSE:CNI) is one of the best Canadian stocks to invest in according to billionaires. On June 4, Canadian National Railway announced that propane export shipments from South Beamer, Alberta, to Watson Island, British Columbia, reached an all-time monthly record in May. This performance marks a 40% increase in carloads compared to May 2025 and surpasses the company’s previous record set in August 2024.
The record-setting volume was achieved through operational enhancements, including train length optimizations and improved network efficiency across the corridor. By focusing on service consistency and asset utilization, CN successfully moved greater volumes to the West Coast while remaining within existing commercial arrangements.
CN continues to prioritize reliable transportation solutions to support growing demand for Canadian propane exports. The company stated it remains committed to working alongside supply chain partners, such as Pembina, to maintain safe and efficient logistics as it leverages additional capacity for future customer growth.
Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company. Its services include rail, intermodal, trucking, and supply chain solutions.
3. Suncor Energy Inc. (NYSE:SU)
Dollar Value of Billionaire Holdings: $8.84 billion
Number of Billionaire Investors: 23
Suncor Energy Inc. (NYSE:SU) is one of the best Canadian stocks to invest in according to billionaires. On May 5, Suncor Energy reported strong results for FQ1 2026, generating over $4.0 billion in adjusted funds from operations and $2.9 billion in free funds flow. The company returned more than $1.5 billion to shareholders, consisting of $825 million in share repurchases and over $700 million in dividends. Management noted that these results were achieved while maintaining a disciplined capital spending program and a robust balance sheet.
The quarter was defined by record-setting operational performance, including upstream production of 875,000 barrels per day (bbls/d). Additionally, the company achieved its highest-ever Q1 refining throughput at 498,000 bbls/d and a record-breaking 681,000 bbls/d in refined product sales. These figures represent notable increases over the same period in the previous year.
CEO Rich Kruger attributed this success to the company’s focus on high-performance execution and meeting its strategic commitments. Building on this momentum, CFO Troy Little confirmed that the company has increased its monthly share repurchases for the second time in four months, underscoring Suncor Energy Inc.’s (NYSE:SU) dedication to generating sustainable returns for its shareholders.
Suncor Energy Inc. (NYSE:SU) is a Canada-based integrated energy company. Its operations are organized into Oil Sands, Exploration and Production, and Refining and Marketing segments.
2. Lululemon Athletica Inc. (NASDAQ:LULU)
Dollar Value of Billionaire Holdings: $898 million
Number of Billionaire Investors: 26
Lululemon Athletica Inc. (NASDAQ:LULU) is one of the best Canadian stocks to invest in according to billionaires. On June 4, Lululemon Athletica reported its financial results for FQ1 2026. The company saw net revenue increase 4% to $2.5 billion, while diluted EPS were $1.69, down from $2.60 in the same period last year. During the quarter, the company repurchased 2.2 million shares for $358.3 million and expanded its retail footprint to 816 stores.
Interim Co-CEOs Meghan Frank and André Maestrini noted a solid start to the year characterized by disciplined execution and growth in international markets, which saw revenue rise 22%. However, the company experienced a 3% decline in Americas net revenue and is currently navigating market headwinds. Management is taking steps to reposition the business, strengthen its product engine, and address recent performance challenges to reignite growth.
Looking ahead, Lululemon has adjusted its outlook for the remainder of the year. For the second quarter, the company anticipates net revenue between $2.45 billion and $2.475 billion. For the full fiscal year 2026, Lululemon Athletica Inc. (NASDAQ:LULU) now expects net revenue to range from $11 billion to $11.15 billion, with diluted earnings per share projected to be between $10.95 and $11.15.
Lululemon Athletica Inc. (NASDAQ:LULU) engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories.
1. Celestica Inc. (NYSE:CLS)
Dollar Value of Billionaire Holdings: $3.11 billion
Number of Billionaire Investors: 27
Celestica Inc. (NYSE:CLS) is one of the best Canadian stocks to invest in according to billionaires. On May 13, Celestica announced plans to establish a major new operational campus in AllianceTexas, located in Fort Worth, Texas. This expansion is designed to scale the company’s manufacturing footprint to meet the surging global demand for next-generation data center infrastructure and advanced technology solutions. The facility will be a central component of the company’s long-term growth strategy within the region.
Once fully operational, the new campus will span over one million square feet of dedicated manufacturing and engineering space. The project is expected to generate ~1,700 full-time, highly skilled positions in areas such as manufacturing, engineering, supply chain management, and quality assurance.
Chief Operations Officer Yann Etienvre stated that the investment aligns with the company’s need to support client roadmaps and multi-year infrastructure projects with US-based capabilities. This Fort Worth expansion serves as a key pillar in Celestica Inc.’s (NYSE:CLS) broader initiative to support its engineering talent and operational capacity for the future of the advanced technology sector.
Celestica Inc. (NYSE:CLS) is a supply chain solutions provider across North America, Asia, and globally. The company operates in the Connectivity & Cloud Solutions and Advanced Technology Solutions segments. It provides a wide range of product manufacturing and related supply chain services, as well as hardware platform solutions and hardware and software design solutions and services.
While we acknowledge the potential of CLS 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 CLS and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 12 Best Multibagger Stocks to Buy in 2026 and 10 Best Low Risk Stocks to Buy in 2026.
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