Buying Canadian stocks online can be profitable if you choosed the right stocks. Familiarize the Canadian stocks like Air Canada, National Bank of Canada, Dollarama, etc can lead you to be a profitable and successful stock market investor.
But it is not that easy to pick the right Canadian stocks especially when you were not residing in Canada. It is better to buy Canadian stocks if you are using the products or services personally and you know that Canadians (Canada residents) likes the products and services.
Familiarize Toronto Stocks Exchange
The Toronto Stock Exchange known as TSX is a stock exchange located in Toronto, Ontario, Canada. It is the 9th largest exchange in the world by market capitalization. Toronto Stock Exchange Market capitalization is $3.256 trillion (as of September, 2019).1
Canadian Stocks to Buy
We only usually talk about NASDAQ and NYSE stocks but TSX came in our blog post because a reader from Quebec, Canada sent us an email on how to buy Canadian stocks online, we don’t want to mislead our readers especially when they want to start investing in the stock market.
Dear Daily Investing Tips Admin,
Good Day! I am Freddy R., 42-year old guy from Quebec, Canada. I have a plan to invest in the stock market. How to buy Canadian stocks online? What are the necessary requirements, documents and other stuffs needed. I am very grateful I found your blog. I found them useful especially when I searched about trading and stock market investing.
I hope you will answer my question and I want to start my stock market investing journey right. Thanks!
(Here I answer Freddy’s question about how to buy Canadian stocks online) more details below. Just read and don’t skip any words.
Is Stock Market Investing for You?
We know that stock market investing is risky. More risky especially when you have no idea how does stock market works.
Stock market investing can be easy nowadays because stock brokers will give us access to trade stocks online. Before you find, search and open a Canadian stock market broker, you should analyze your risk appetite and investment goal. Many questions you should ask yourself. But if you think stock market investing is for you, then go ahead and read this article.
The Best Dividend Stocks in Canada
Why dividend Canadian stocks? It is because you will not only make money in stock price appreciation but also in dividends as well.
2 Dennis Hammer written a post about the best dividend Canadian stocks in their official blog and he mentioned about these Canadian stocks;
- Enbridge Inc.
- TransAlta Renewables Inc.
- Canadian Imperial Bank of Commerce
- Keyera Corp.
- Capital Power Corporation
- BCE Inc.
- Power Financial Corporation
- Great-West Lifeco Inc.
- Power Corporation of Canada
- Exco Technologies Limited
- Emera Incorporated
- National Bank of Canada
- Methanex Corporation
- Canadian Natural Resources Limited
Canadian Stocks to Buy: Which Canadian Bank is the Best Investment?
Maybe you are want to invest in the stock market in Canada (Toronto Stocks Exchange) and you want to choose only financial services;
Here are some of the financial services Canadian blue chip stocks; Royal Bank, TD Bank, Brookfield Asset Management, Scotia Bank, Bank of Montreal, CIBC, Manulife, Great West Life, Sun Life Financial, National Bank, etc. (3)
How to Buy Canadian Stocks Online?
Today, stock market investors can use an online stock trading platform to trade stocks (buy and sell stocks) like Questrade or Wealthsimple Trade .
Do make sure you take extra effort in researching and investigating a good stocks broker in Canada.
Common requirements are valid ID’s, bank accounts, proof of residences, email address and phone numbers. Maybe you need to prepare few hundreds of dollars to start buying Canadian stocks online.
Master the stocks online trading platform from your preferred Canadian stock market broker. Learn how to execute trades (buy and sell stocks) before you fund your account a large amount of capital.
Is it a good time to buy Canadian stocks?
Well, we can say YES or NO. It depends on your investment goal. During this time of pandemic, we don’t know when the world or many companies can recover in their businesses.
Stocks are now cheap and getting cheaper. Ifyou are a savvy investor, you just buy and hold Canadian Stocks and sell them when you retire. However we don’t know the price of a certain Canadian stocks when that time (your retirement) will come.
Diversification is the key. To diversify your Canadian stocks, you need to buy stocks not only related in one sector or industries. Try to invest or buy Canadian stocks
References:
- 1 https://en.wikipedia.org/wiki/Toronto_Stock_Exchange
- 2 https://www.wealthsimple.com/en-ca/learn/best-dividend-stocks-canada
- 3 https://dividendearner.com/canadian-blue-chip-stocks/
Tips and Warnings
Always ensure that your stock market investing is a big help to achieve your financial goal. Learning how to buy Canadian stocks online is the first step you can do to join the investment world.
Know when to buy Canadian stocks and when not to buy. When to sell them and when to hold your stocks.
Diversification is a friendly reminder for those who wants to succeed in investing especially in the stock market.
Since you are in investment world, try to read more about Warren Buffet or read the book of Benjamin Graham entitled “The Intelligent Investor”.
Disclaimer: This page is for informational purpose only. Invest and buy Canadian stocks at your own risk. We also don’t recommend stocks to buy.
Hi, there are these brokers reliable to buy canadian stocks online? I want you to review the following stock brokers in Canada, Questrade, Qtrade Investor, TD Direct Investing, and CIBC Investor’s Edge, thanks much ^_^
I thought this is the best article guiding me how do I buy stocks on TSX online? Thanks anyway for the effort in writing this. Can you give us advice what is the best stock to buy right now in Toronto Stocks Exchange TSX? kindly reply.