The Best Canadian Stocks to Invest $2,000 in Right Now

Yahoo

7 days ago

Written by Jitendra Parashar at The Motley Fool Canada
Got $2,000 to invest this month? That should be more than enough to get you started on the TSX today. While a lot of investors think you need tens of thousands to begin with, the truth is, with the right picks, even a small sum of money could go a long way – especially when you follow the Foolish Investing Philosophy with patience.
June might feel like a tricky month to invest with markets already at record highs, but there are still many top Canadian stocks with more room to run in the years to come. Let me highlight two of these top stocks you can buy now with an investment of $2,000 and hold for years to come.
At current levels, Suncor Energy (TSX:SU) looks like a smart buy if you're thinking long term. This Canadian integrated energy giant produces oil from the oil sands and offshore fields, refines it, and markets fuel through Petro-Canada stations. In addition, Suncor is investing in lower-emission fuels and EV (electric vehicle) infrastructure as it works toward a cleaner energy mix to boost its long-term growth outlook.
After surging by 17% over the last two months, SU stock currently trades at $55.99 per share with a market cap of $69.6 billion. SU has a solid annualized dividend yield of 4.1% with quarterly payouts, making it even more attractive for income-focused investors.
In the first quarter, the company delivered strong results with its adjusted funds from operations topping the $3 billion mark and free funds flow hitting $1.9 billion. Suncor also returned $1.5 billion to shareholders through dividends and buybacks.
For the quarter, energy producer's production averaged 853,000 barrels per day – the highest first-quarter figure in its history. Meanwhile, the company's refining performance was also strong with utilization at 104%.
Besides its scale and consistency in cash generation, Suncor's focus on operational reliability and disciplined capital spending makes it a reliable stock to hold for the long term.
CAE (TSX:CAE) is another solid pick this month if you want to turn $2,000 into long-term growth. The Saint-Laurent-based firm mainly focuses on providing flight simulators and aviation training services.
In the fourth quarter of its fiscal year 2025 (ended in March), the company delivered strong financial performance as its revenue jumped 13% YoY (year-over-year) to $1.3 billion, while adjusted earnings climbed nearly four times to $0.47 per share.
Similarly, CAE's operating profit touched $239.9 million last quarter, reflecting a big swing from a loss a year ago. The air and defence industry manufacturer generated nearly $290 million in free cash flow, helping reduce its net debt-to-adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) to 2.8 times.
Interestingly, CAE delivered 15 full-flight simulators and signed $741.8 million in new training and support contracts in the latest quarter.
After climbing by 9% over the last month, CAE stock now trades at $31.42 per share with a market cap of about $10.1 billion. With a record $20.1 billion backlog and growing demand for pilot training globally, CAE looks like a smart bet for patient investors.
The post The Best Canadian Stocks to Invest $2,000 in Right Now appeared first on The Motley Fool Canada.
Before you buy stock in Cae Inc., consider this:
The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Cae Inc. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.
Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!*
Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*.
See the Top Stocks * Returns as of 6/23/25
More reading
Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS]
Market Volatility Toolkit
Best Canadian Stocks to Buy in 2025
Beginner Investors: 4 Top Canadian Stocks to Buy for 2025
5 Years From Now, You'll Probably Wish You Grabbed These Stocks
Subscribe to Motley Fool Canada on YouTube
Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
2025