If you’re looking for some of the hottest Canadian penny stocks on the stock market today, you’ve come to the right place. We’ve got 6 of the best penny stocks to look at in 2023. Continue reading to find out what they are!What is the definition of a penny stock?The definition of a penny stock

It’s a cruel twist of fate that one of the best ways to rebuild bad credit — paying off a credit card in full and on time — is impossible when your credit score is so bad that you can’t get approved for cards in the first place. Fortunately, there are a number of credit cards

Canadian oil and gas stocks, whether Canadian pipeline companies, oil producers or natural gas producers, were faced with economic conditions that had never been seen before. COVID-19 wreaked havoc on all Canadian energy companies as oil demand plummeted, and cash flow was severely impacted. And as these once-popular Canadian stocks fell, dividend yields rose, and they became attractive opportunities.

Canadian healthcare spending reached a whopping $264 billion in 2019. Find out what Canadian healthcare stocks can take advantage of this moving forward.

As we all know, humans need to eat. Which bodes well for the overall demand of not only food products, but products that are critical to producing that food. And in recent times, we’ve witnessed food prices skyrocket due to the impacts of inflation. Many are seeking exposure to the industry to potentially offset or

RBC Royal Bank (RBC) and TD Canada Trust (TD) are both Canadian chartered banks and among the largest financial institutions in Canada known as the Big Five:Bank of Montreal (BMO)Canadian Imperial Bank of Commerce (CIBC)Bank of Nova Scotia (Scotiabank)Toronto-Dominion Bank (TD Bank)Royal Bank of Canada (RBC)These large banks offer a variety of services and products

When investors discuss striking it rich in the stock market, they often discuss a few industries. One of them being technology and the other being pharmaceutical stocks. Buying a clinical trial-stage Canadian pharmaceutical stock and hoping it takes off is a popular strategy among hyper-aggressive investors. Judging by the fact you’ve landed on our page that will

Whether you’re a seasoned investor or someone who is just learning how to buy stocks in Canada, most Canadian retail investors will have one thing in common when it comes to their portfolios; they include Canadian bank stocks. Why? For starters, every one of these banks on this list is a Canadian Dividend Aristocrat and is also included

Many investors don’t know the first thing about Canadian real estate investment trusts (REITs). Most new investors these days strictly focus on learning how to buy stocks. But real estate exposure is also essential, and a real estate investment trust is an excellent way to make that happen.The real estate problem in North AmericaReal estate assets, particularly

Canadian psychedelic stocks were the cannabis stocks of 2021. They exploded onto the scene late in 2020, popping up among Canadian stocks, and already have their psychedelics ETF (exchange-traded fund): Horizons Psychedelic Stock Index ETF (TSE:PSYK). The fund has fees of 0.99% annually and total assets under management of $14.75M. 2020 was a challenging year for mental health as

If you’re looking for some of the best Canadian stocks to buy in 2023, you’ve come to the right article. And the fact that you’re looking for the top Canadian stocks shows you believe there is value right here at home. Canadian stocks and the Toronto Stock Exchange, in general, have had a poor reputation in terms of

For many beginner investors, their strategy within their Tax-Free Savings Account (TFSA) is to purchase high-risk, high-reward stocks to create significant five or 10-bagger returns over the short term and collect the profits tax-free. They tend to do this with a TFSA over their RRSPs (Registered Retirement Savings Plan) primarily because with an RRSP, deposits

Renewable energy is the future, that much is clear. What is less clear, is when the world will be able to fully transition away from fossil fuels. If we are being realistic, we are decades away from the full transition to renewable sources. That makes investing in renewable energy companies and renewable infrastructure a tricky proposition.

The rise of TikTok has created an incredible new opportunity for content creators of all ages to monetize their skillset online. Of course, this is easier said than done, but if you can carve out a solid following plus live in an affordable city here in Canada, you could do it for a living.Earning money

The demand for lithium and, as such, the interest in it has exploded. As a result, the industry has been receiving significant cash inflows as the automotive industry races to meet electric vehicle (EV) demand and automotive producers look to capture market share. However, a widespread misconception among investors and lithium is they believe the EV

It’s not surprising that investors are looking for exposure to iron ore right now. The price of iron ore has been highly volatile over the last few years, and as a result, many royalty companies had sky-high dividend yields. Passive income investors scouring Canadian dividend stocks got caught up in buying these iron ore companies in

For those looking for semiconductor exposure, you’ll likely think you need to head south of the border or even internationally. However, there are some top Canadian semiconductor stocks that you can buy right on Canadian exchanges. They just aren’t as notable of names such as Taiwan Semiconductor (TSM), Advanced Micro Devices (AMD), or Nvidia (NVDA). Canadian stocks are sometimes overlooked

Major Canadian grocery and food stocks on the Toronto Stock Exchange will often perform in poor and strong economies because companies employ a low-margin, high-volume strategy. This allows the retailer to lower costs and outperform smaller food companies. Remember when you first learned how to invest in stocks, and people would tell you to “invest in what you

If you’re looking for monthly dividend stocks here in Canada, you won’t need to look farther than this list.Are monthly dividend stocks a good investment?There are valid reasons for owning monthly dividend stocks. For one, they make dividend payments on a more frequent basis. Suppose you’re looking for more stable cash flows during retirement. In that case,

With today’s rising cost of living, many Canadians are turning to online side hustles to reduce their financial burden and make a little extra dough. However, a lot of people have no idea where to start when it comes to making money online in Canada. So, this post will be dedicated to showing you the many

Many people looking to escape cities and countries with high crime rates look to Canada as a haven for a good reason. The country ranks 12th in terms of the safest countries in the world. In this article, we’ll look at some of the safest cities in Canada and at how Canada compares to other countries

When it comes to the stock market, “day trading” is arguably the most popular strategy among beginners or those who don’t want to utilize the “buy-and-hold” methodology that produces strong returns in the long term. Those who day trade stocks, an extremely speculative strategy, look to enter and exit positions using highly volatile stocks within the

Canadian uranium stocks are some of the highest risk/reward stocks on the TSX, and we’ve got 3 of the best uranium stocks you need to be looking at today.

Let’s take a closer look at seven of the best Canadian small-cap stocks, the kinds of companies that can put a real jolt into your portfolio.

One of the best ways to increase the value of a stock portfolio while protecting it from adverse market movements is to add Canadian dividend stocks. Particularly Canadian Dividend Aristocrats, that will provide income in any market environment. Many investors first learning how to buy stocks in Canada want to know what the best options are today. This is

The fast food industry is continually growing here in Canada. Consumers love to dine out, whether it be in a restaurant or at their favorite burger joint. These businesses, particularly the ones that focus on quick-service restaurants, are somewhat recession-proof. As times get more difficult, when consumers choose to eat out, they gravitate towards fast food

If you’re looking to get started when it comes to investing, particularly buying stocks, then you’ve come to the right article. Depending on your situation you’re likely to receive CPP payments or old age security in retirement, you still need that extra boost if you want to retire happy. Investing and prudent personal finance are the best

Canadian utility stocks are often a staple in Canadian investment portfolios for a number of reasons. Why? Well, for one, they provide stability. Typically, the best utility stocks operate in a highly regulated environment, one that provides consistent revenues that lead to fewer surprises. In the end, this lowers the overall volatility of Canadian utility stocks.Secondly, Canadian utility

Questrade Review SummaryQuestrade’s commissions combined with their low account minimums make them an optimal discount brokerage for beginner investors.Overall, Questrade provides everything that one could ask for such as low account minimums, an easy to use platform, low commissions, in-depth research, secure accounts, and many other ancillary features.Its mobile app and browser based platform needs

The growth of nuclear energy will be a massive story over the next few decades. The world is moving away from fossil fuels in a significant way, but there are a few problems with mothballing power plants that burn coal or natural gas. Greener versions of power — like wind turbines or solar projects — aren’t

There’s no questioning the fact that as a population we’re moving towards cleaner, greener forms of energy. Fossil fuels will be a thing of the past, and the world will benefit immensely from it. How long will it take before Canadian renewable companies dominate the energy scene? It’s difficult to say. But if I were to

Many Canadians who pay GST/HST are eligible for the Canada GST/HST credit in 2023. The GST/HST credit is a tax-free payment that is paid out on a quarterly basis. There isn’t anything you need to do to apply for the credit. In fact, you’ve likely received your cheques in the mail, deposited them and went about

Value investing is one of the most popular investment strategies of all time. Value investing addresses inefficiencies in the stock market. It allows investors to buy stocks at a discount to their “intrinsic value,” which is related to the future cash flow the investment is expected to produce.We’re not going to get into the intricacies of

This article is sponsored by BMO Exchange Traded Funds.What is Asset Allocation?Ever wondered what the most important aspect of investing is? It’s the asset allocation of your investment portfolio. The mix of stocks and bonds as well as cash and other asset classes in your portfolio that are the key drivers of returns.   Studies, such

Over the past five years, the Canadian tech sector has annualized returns of just shy of 18% (this number comes from XIT, a Canadian technology exchange-traded fund). This is despite a massive correction in late 2021 and 2022 that saw many top Canadian tech stocks, along with the ETF XIT, take 50% or greater hits

The key to planning a comfortable post-retirement life as a senior is to accumulate and invest enough when you are working. To that end, it’s important to use all the tools at your disposal to plan a post-retirement life. Whether its learning how to buy stocks, or utilizing post-retirement pensions, you need a plan. And this is where the Canada Pension

Sin stocks – industries like gambling, casinos, cigarettes, and alcohol – have traditionally excellent investments.Take alcohol, for instance. Despite millions of drinkers enjoying it responsibly, many look at the disadvantages and declare it undesirable. These investors are missing out on some long-term performance.A Handful of Alcohol Stocks Have Historically OutperformedFirst, let’s look at some prominent

When most investors think of Canadian stocks, they think of either financial, material, or oil and gas plays. That is because if you’re looking to buy stocks in Canada the vast majority of our index, the Toronto Stock Exchange, is full of these types of companies. It’s also why our index tends to underperform our US counterparts. The vast majority

Suppose you’re looking for the best dividend stocks to add to your TFSA or RRSP today. In that case, you need to look at Canadian Dividend Aristocrats. Canadian Dividend aristocrats are famous, especially to newcomers looking to learn how to buy stocks.What is a Canadian Dividend Aristocrat?For a Canadian company to become a Canadian Dividend Aristocrat, it needs to