5 Best Canadian Stocks Under $10 to Buy Now

4. ​BlackBerry Limited (NYSE:BB)

Number of Hedge Fund Holders: 24

​BlackBerry Limited (NYSE:BB) is one of the best Canadian stocks under $10 to buy now. On May 8, BlackBerry received approval from the Toronto Stock Exchange to renew its normal course issuer bid/NCIB, authorizing the repurchase of up to 26,785,714 common shares. This figure represents ~4.58% of the company’s public float as of late April. The program is set to commence on May 12 and will run for one year or until the maximum purchase limit is reached. Any shares acquired through the bid will be cancelled, a move intended to offset the dilutive effects of the company’s equity incentive plan and return value to shareholders.

The company noted that its balance sheet was further strengthened during FY2026, and it anticipates generating positive operating cash flow throughout FY2027. Management believes the current market price of BlackBerry’s shares does not always accurately reflect the underlying value and prospects of the business. By maintaining the NCIB, the company gains the flexibility to use excess cash for share repurchases when it offers an attractive, risk-adjusted return on capital, without impacting its long-term strategic goals.

Under the specific terms of the bid, daily purchases on the TSX are capped at 563,825 common shares, excluding block trades. This renewal follows a previous program that saw the company repurchase over 18 million shares at a weighted average price of $3.85. Purchases can be conducted across major Canadian and US exchanges, as well as through private agreements at negotiated prices. While the NCIB provides a mechanism for buybacks, ​BlackBerry Limited (NYSE:BB) clarified that the actual timing and volume of purchases remain at the company’s discretion.

​BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services to both enterprises and government organizations. Incorporated in 1984, the company operates through three segments: Secure Communications, QNX, and Licensing.