1.Fortis Inc.
FTS.TO (TSX)
Fortis Inc. stands out as a defensive utility stock on the TSX (FTS), appealing to investors seeking stability and long-term growth, especially in volatile market conditions. With a solid dividend yield of 3.37% and impressive returns of 16.59% over the past year and 42.41% over five years, it reflects strong performance. Analysts maintain a positive outlook, with Barclays rating it as Overweight, emphasizing its potential for reliable income and consistent payouts.
Pros:
- Stable utility stock
- Strong 1-year and 5-year returns
Cons:
- Lower growth compared to tech stocks
- Market volatility risk
2.Shopify Inc.
SHOP.TO (TSX)
Shopify Inc., a prominent Canadian growth stock traded on the TSX under the ticker SHOP, is projected to be a key player in 2026 based on its robust growth profile. Despite experiencing a slight decline with a 1-year return of -1.78% and a 5-year return of -2.94%, the stock maintains strong analyst ratings, including a "Buy" from Citigroup and "Market Outperform" from Citizens.
Pros:
- Strong growth profile
- High 10-year return of 3787.58%
Cons:
- Negative 1-year and 5-year returns
- Market volatility risk
3.Alimentation Couche-Tard Inc.
ATD-B.TO (TSX)
Alimentation Couche-Tard Inc., listed on the TSX under ATD, stands out as a robust long-term investment option in the consumer staples sector. With an A+ analyst rating, this Canadian convenience-store operator emphasizes resilience and consistent performance, despite its current 0% return over the past year and five years. Investors will find its modest dividend yield of approximately 0.75% appealing, particularly for those seeking stability in their portfolios.
Pros:
- Resilient long-term holding
- Quarterly dividend payments
Cons:
- No growth in recent returns
- Market cap information is not available
Final Words
As you consider the best stock investments this June 2026 in Canada, it's essential to evaluate options like Shopify Inc. and others that align with your financial goals. Take time to compare these opportunities and conduct your own research to make informed decisions that will benefit your investment strategy.
Frequently Asked Questions
Shopify Inc. is often included in Canadian stock watchlists due to its growth profile, despite experiencing a -34.44% YTD return. The company's platform supports commerce across various channels, making it a significant player in the technology sector.
As of now, Shopify Inc. has a market cap of $188.02 billion and a current trading price of around $144.89 CAD. While it has seen a 34% increase YTD, it has faced challenges with a -1.78% return over the past year.
Shopify Inc. has shown impressive long-term returns, with a 10-year return of 3787.58% and a 3-year return of 77.82%. These figures indicate its potential for significant growth over time, despite recent volatility.
Investing in Shopify Inc. comes with risks such as market volatility and competitive pressures, particularly in the rapidly evolving technology and e-commerce sectors. It's essential to assess your risk tolerance and stay informed about market trends.
When comparing Shopify Inc. to other tech stocks, consider metrics such as market cap, growth rates, and historical performance. Additionally, look at analysts' ratings and recent earnings reports to gauge overall market sentiment.
Currently, there is no specific information available regarding dividend yields for Shopify Inc. Investors should consider the company's growth strategy and reinvestment of profits into the business over dividend payouts.
