Best Canadian Stocks: October 2026
Momentum 90: near its 52-week high and outperforming the market over 6 months. Quality 82: strong free cash flow and wide operating margins. Value 68: cheap on free cash flow and cheap on sales; EV/EBITDA excluded.
October 2026 edition · data as of ·6 new, 6 out, biggest climb DFN.TO since September·Next edition forms ·How we score stocks·How past rankings did·All Canada stocks, refreshed daily
Top 25 Canadian Stocks by StockRank
- New in October 2026: Wajax Corporation WJX.TO, Auxly Cannabis Group Inc. XLY.TO, Clairvest Group Inc. CVG.TO, IAMGOLD Corporation IMG.TO, ADENTRA Inc. ADEN.TO, E-L Financial Corporation Limited ELF.TO
- Dropped out: Serabi Gold plc SBI.TO, Monument Mining Limited MMY.V, Calfrac Well Services Ltd. CFW.TO, Richards Group Inc. RIC.TO, Caribbean Utilities Company, Ltd. CUP-U.TO, Amerigo Resources Ltd. ARG.TO
- Biggest climbs: Dividend 15 Split Corp. DFN.TO #21 to #11, Perseus Mining Limited PRU.TO #19 to #10, Life & Banc Split Corp. LBS.TO #22 to #13
- Biggest falls: Total Energy Services Inc. TOT.TO #10 to #22, Parex Resources Inc. PXT.TO #17 to #24, Melcor Developments Ltd. MRD.TO #2 to #4
What changed since September: 6 new, 6 out
- New in October 2026: Wajax Corporation WJX.TO, Auxly Cannabis Group Inc. XLY.TO, Clairvest Group Inc. CVG.TO, IAMGOLD Corporation IMG.TO, ADENTRA Inc. ADEN.TO, E-L Financial Corporation Limited ELF.TO
- Dropped out: Serabi Gold plc SBI.TO, Monument Mining Limited MMY.V, Calfrac Well Services Ltd. CFW.TO, Richards Group Inc. RIC.TO, Caribbean Utilities Company, Ltd. CUP-U.TO, Amerigo Resources Ltd. ARG.TO
- Biggest climbs: Dividend 15 Split Corp. DFN.TO #21 to #11, Perseus Mining Limited PRU.TO #19 to #10, Life & Banc Split Corp. LBS.TO #22 to #13
- Biggest falls: Total Energy Services Inc. TOT.TO #10 to #22, Parex Resources Inc. PXT.TO #17 to #24, Melcor Developments Ltd. MRD.TO #2 to #4
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Yield — | P/E 1.7 | 100 Score | 82 Q | 68 V | 90 M | Full HouseBuyback | ||
| 2 | Quality 83: a liquid balance sheet and ROIC in the top 5% of its sector. Momentum 79: above its moving averages and outperforming the market over 6 months. Value 73: cheap on P/E and cheap on EV/EBITDA; P/FCF excluded. | Yield — | P/E 3.3 | 100 Score | 83 Q | 73 V | 79 M | Full HouseDeep dive → | |
| 3 | Momentum 85: near its 52-week high and above its moving averages. Quality 82: ROIC in the top 5% of its sector and high gross profitability. Value 63: cheap on EV/EBITDA and cheap on P/E. | Yield — | P/E 12.6 | 100 Score | 82 Q | 63 V | 85 M | Full House | |
| 4 | Momentum 83: near its 52-week high and quarterly earnings growing. Value 78: cheap on EV/EBITDA and cheap on P/E. Quality 71: F-Score 9/9 and a liquid balance sheet. | Yield 3.0% | P/E 6.2 | 100 Score | 71 Q | 78 V | 83 M | Full HouseDir. buyBuyback | |
| 5 | Quality 95: ROIC in the top 5% of its sector and high return on equity. Value 89: cheap on P/E and cheap on EV/EBITDA. Momentum 44: estimates revised up but EPS deteriorating. | Yield 5.0% | P/E 3.0 | 100 Score | 95 Q | 89 V | 44 M | Unloved Quality | |
| 6 | Quality 86: F-Score 9/9 and strong free cash flow. Value 73: cheap on free cash flow and cheap on EV/EBITDA. Momentum 63: estimates revised up and near its 52-week high. | Yield — | P/E 10.1 | 99 Score | 86 Q | 73 V | 63 M | Full House | |
| 7 | Momentum 85: quarterly earnings growing and outperforming the market over 6 months. Quality 72: high return on equity and wide operating margins. Value 64: cheap on P/E and a high yield; EV/EBITDA and P/FCF excluded. | Yield 12.4% | P/E 2.1 | 99 Score | 72 Q | 64 V | 85 M | Full House | |
| 8 | Quality 90: ROIC in the top 5% of its sector and high return on equity. Value 74: cheap on EV/EBITDA and cheap on P/E. Momentum 55: near its 52-week high but EPS deteriorating. | Yield — | P/E 6.0 | 99 Score | 90 Q | 74 V | 55 M | Full HouseDir. buyDeep dive → | |
| 9 | Quality 83: ROIC in the top 5% of its sector and wide operating margins. Value 75: cheap on EV/EBITDA and cheap on P/E. Momentum 62: near its 52-week high and quarterly earnings growing. | Yield 1.5% | P/E 9.8 | 99 Score | 83 Q | 75 V | 62 M | Full HouseDir. buyBuyback | |
| 10 | Quality 84: wide operating margins and high gross profitability. Momentum 79: estimates revised up and near its 52-week high. Value 52: cheap on EV/EBITDA but expensive on free cash flow. | Yield 2.1% | P/E 14.8 | 99 Score | 84 Q | 52 V | 79 M | Full House | |
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| 11 | Momentum 79: quarterly earnings growing and outperforming the market over 6 months. Quality 69: high return on equity and wide operating margins. Value 66: cheap on P/E and a high yield; EV/EBITDA and P/FCF excluded. | Yield 14.0% | P/E 2.2 | 98 Score | 69 Q | 66 V | 79 M | Full House | |
| 12 | Momentum 80: quarterly earnings growing and near its 52-week high. Quality 68: F-Score 4/4 and high return on equity. Value 65: cheap on EV/EBITDA and cheap on P/E. | Yield 1.4% | P/E 11.9 | 98 Score | 68 Q | 65 V | 80 M | Full House | |
| 13 | Momentum 87: outperforming the market over 6 months and above its moving averages. Quality 79: high return on equity and wide operating margins. Value 45: a high yield but expensive on P/E; EV/EBITDA and P/FCF excluded. | Yield 7.9% | P/E 1.5 | 98 Score | 79 Q | 45 V | 87 M | Premium Grower | |
| 14 | Quality 80: wide operating margins and ROIC in the top 5% of its sector. Value 78: cheap on EV/EBITDA and cheap on free cash flow. Momentum 51: EPS improving but estimates cut. | Yield — | P/E 9.9 | 98 Score | 80 Q | 78 V | 51 M | Full House | |
| 15 | Quality 76: ROIC in the top 5% of its sector and high gross profitability. Momentum 74: near its 52-week high and outperforming the market over 6 months. Value 59: cheap on EV/EBITDA. | Yield 1.5% | P/E 10.0 | 98 Score | 76 Q | 59 V | 74 M | Full House | |
| 16 | Value 81: cheap on free cash flow and cheap on sales. Quality 66: strong free cash flow and F-Score 8/9. Momentum 62: near its 52-week high and outperforming the market over 6 months. | Yield 4.6% | P/E 10.6 | 97 Score | 66 Q | 81 V | 62 M | Full House | |
| 17 | Quality 76: F-Score 4/4 and strong free cash flow. Momentum 71: above its moving averages and outperforming the market over 6 months. Value 60: cheap on P/E and cheap on free cash flow. | Yield — | P/E 11.8 | 97 Score | 76 Q | 60 V | 71 M | Full HouseBuyback | |
| 18 | Quality 93: ROIC in the top 5% of its sector and high gross profitability. Momentum 63: near its 52-week high and above its moving averages. Value 50: cheap on EV/EBITDA but little or no yield. | Yield 0.1% | P/E 12.9 | 97 Score | 93 Q | 50 V | 63 M | Premium Grower | |
| 19 | Quality 74: high return on equity and wide operating margins. Value 66: cheap on P/E and a high yield. Momentum 65: outperforming the market over 6 months and above its moving averages. | Yield 12.1% | P/E 2.2 | 97 Score | 74 Q | 66 V | 65 M | Full House | |
| 20 | Quality 74: wide operating margins and low debt. Momentum 70: quarterly earnings growing. Value 62: below book value and cheap on P/E. | Yield 0.1% | P/E 7.9 | 97 Score | 74 Q | 62 V | 70 M | Full House | |
| 21 | Quality 84: strong free cash flow and high return on equity. Value 64: cheap on EV/EBITDA and cheap on P/E. Momentum 57: quarterly earnings growing but estimates cut. | Yield — | P/E 10.6 | 96 Score | 84 Q | 64 V | 57 M | Full HouseBuyback | |
| 22 | Momentum 80: above its moving averages and outperforming the market over 6 months. Quality 76: F-Score 8/9 and strong free cash flow. Value 49: little or no yield. | Yield 1.2% | P/E 15.1 | 96 Score | 76 Q | 49 V | 80 M | Premium GrowerDir. buy | |
| 23 | Value 81: cheap on sales and cheap on free cash flow. Quality 64: F-Score 4/4 and strong free cash flow. Momentum 60: near its 52-week high. | Yield 1.8% | P/E 9.3 | 96 Score | 64 Q | 81 V | 60 M | Full HouseBuyback | |
| 24 | Value 78: cheap on P/E and below book value. Quality 73: interest well covered and high return on equity. Momentum 53: quarterly earnings growing but estimates cut. | Yield 5.4% | P/E 3.4 | 96 Score | 73 Q | 78 V | 53 M | Full House | |
| 25 | Value 75: cheap on P/E and below book value; EV/EBITDA and P/FCF excluded. Quality 74: interest well covered and wide operating margins. Momentum 54: quarterly earnings growing but EPS deteriorating. | Yield 0.9% | P/E 3.5 | 96 Score | 74 Q | 75 V | 54 M | Full House | |
Ranked by StockRank (Quality + Value + Momentum composite) at a minimum market cap of $250M. Yield and P/E are as of the data date; click a ticker for today’s price and score. A new edition is generated on the first scoring run of each month.
Director buying reported in the 90 days to : Melcor Developments Ltd. MRD.TO, Alphamin Resources Corp. AFM.V, B2Gold Corp. BTO.TO, Total Energy Services Inc. TOT.TO
Active share buybacks in the 180 days to : Senvest Capital Inc. SEC.TO, Melcor Developments Ltd. MRD.TO, B2Gold Corp. BTO.TO, Auxly Cannabis Group Inc. XLY.TO, IAMGOLD Corporation IMG.TO, ADENTRA Inc. ADEN.TO
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How Canada scores
Where the top 25 come from, and how the whole Canadian market sits against the global universe. StockRank is a global percentile, so the universe splits evenly into five bands by construction; a market that piles up on the right is scoring well as a whole.
Top 25 by sector
- Basic Materials12
- Financial Services7
- Energy2
- Industrials2
- Healthcare1
- Real Estate1
Share of Canadian stocks by StockRank band
- 0-1936% / 20%
- 20-3923% / 20%
- 40-5917% / 20%
- 60-7911% / 20%
- 80-10013% / 20%
Canadaall markets
Oligopolies Plus Optionality
Canada's market is quietly one of the developed world's best long-term compounders: an oligopoly economy (banks, rails, telecoms, utilities) layered over a resource sector that turns commodity cycles into free cash flow. The list below is where Quality, Value and Momentum currently align.
MoatMap scored 1,181 Canadian stocks on 2026-10-01; 553 cleared the $250M market-cap floor this list applies. The market's average StockRank is 38. Basic Materials is the most represented sector in the top 10 (7 names).
The Canadian core is structural moat: five banks with a protected domestic franchise and 150+ years of uninterrupted dividends, two railways forming a continental duopoly, and telecom/utility networks with regulated returns. These businesses rarely look spectacular on any single factor, but they compound with unusual persistence, and they periodically go on sale when commodity sentiment drags the whole index.
The resource half is where the dispersion lives. Energy producers post-2020 rebuilt themselves around capital discipline (debt paydown, buybacks and dividends rather than growth drilling), and the gold sector operates some of the world's best-margin mines. Resource names swing the screen's composition month to month: when they score well on Value and Momentum simultaneously, the cycle is usually turning.
SEDI, Canada's insider-filing system, provides granular director-dealing data (MoatMap ingests it via the TSX's own feed), and Canadian companies make heavy use of normal-course issuer bids: ongoing buyback programmes that file repurchases daily. Both signals appear beneath the table when active in the current top 25.
Frequently Asked Questions
- What are the top-ranked Canadian stocks right now?
- The table above ranks MoatMap's top 25 TSX/TSX-V-listed stocks by StockRank, a composite of Quality, Value and Momentum percentiles. It refreshes monthly with a stated data date, and each ticker links to a full breakdown including SEDI insider activity.
- Are Canadian bank stocks still a good investment?
- The Big Five operate a protected oligopoly with among the longest dividend histories in the world; the recurring debate is their exposure to Canadian housing and consumer credit. They tend to score on Quality and shareholder yield rather than growth. Whether one currently makes the list depends on the factor mix, so check the table above rather than assuming.
- Is the TSX just oil and mining?
- Resources are a large weight but the misconception undersells the rest: rails, banks, insurers, grocery, telecoms and a handful of globally competitive technology and industrial names. The index's sector mix does mean the screen's output shifts with commodity cycles. That rotation is information, not noise.
- What about withholding tax on Canadian dividends?
- Canada withholds 25% on dividends to foreign investors, typically reduced to 15% by treaty (and often zero inside US retirement accounts under the US-Canada treaty). Factor that into yield comparisons against no-withholding markets like the UK or Singapore.
- How often does this Canada ranking refresh?
- A new edition forms on the first scoring run of each calendar month and the page states its data-as-of date. For a daily view, use the ranked-stocks screener filtered to Canada.