Good Place. Good Things. Good Time.

2 Almost Flawless Stocks to Buy in Canada

2 Almost Flawless Stocks to Buy in Canada

The Canadian stock market has been on a solid run for most of 2021. Most Canadian stocks trading on the TSX have continued the strong momentum since recovering from the market downturn in February and March 2020. The S&P/TSX Composite Index is at the 20,705.27 mark at writing — up by 18.13% on a year-to-date basis.

With the Canadian benchmark index at or near new all-time highs, growth-seeking investors might find it challenging to identify high-quality equity securities that can continue delivering stellar shareholder returns through capital gains. It is still possible to find high-quality growth stocks that still have upside potential.

Today, I will discuss two Canadian growth stocks that you should have on your radar if you are interested in investing in growth stocks.


goeasy (TSX:GSY) is an excellent stock to have on your radar if you’re looking for a growth stock that also provides you with reliable income through shareholder dividends. The subprime lending firm has consistently delivered terrific top- and bottom-line growth while providing its shareholders with reliable payouts.

At writing, the stock is trading for $212.04 per share, and it pays a 1.25% dividend yield to its shareholders. GSY stock is up by 232% year over year, and it could have plenty of room to grow. As the economic expansion continues, the company’s launch of new products, channel expansion, and strategic acquisitions can combine with higher credit offtake to boost its revenues.

It might be the right time to purchase the stock at this price so that you can lock in a decent dividend yield and capture profits through significant capital gains.


Lightspeed (TSX:LSPD)(NYSE:LSPD) has only headed upwards since its listing on the TSX just a few years ago. The company faced challenges in the first few weeks of pandemic-induced lockdowns, as most of its clients were forced to shut down to curb the spread of COVID-19. However, the company rapidly pivoted and made new offerings that helped its customers continue doing business amid the changing operating landscape.

The omnichannel platform provider is trading for $157.01 per share at writing, and it is up by almost 275% year over year. The company’s expansion from being a POS provider into different industry verticals through strategic acquisitions has fueled its growth. As Lightspeed continues to expand into new markets, the opportunities for further growth are becoming better and better for the company.

Despite being at all-time highs right now, I believe that the stock has much more to deliver in terms of capital gains, and it could be an attractive buy at today’s prices.

Foolish takeaway

Suppose you are looking for virtually flawless stocks that can continue to deliver stellar shareholder returns through capital gains. In that case, it is possible to find high-quality companies that can help you achieve your financial goals.

Lightspeed stock and goeasy stock have gained a reputation for delivering exceptional returns. I believe that the favourable industry trends can continue to provide these companies the tailwinds necessary to provide you with substantial upside potential.

The post 2 Almost Flawless Stocks to Buy in Canada appeared first on The Motley Fool Canada.

We’re Issuing a BUY Alert on this TSX Space Stock

Our team of diligent analysts at Motley Fool Stock Advisor Canada has identified one little-known public company founded right here in Canada that’s at the cutting-edge of the space industry and recently completed a transformational acquisition, all while making a handsome profit in the process!

The best part is that in a market where many stocks are selling at all-time-highs, this stock is trading at what looks like a VERY reasonable valuation… for now.

Click here to learn more about our #1 Canadian Stock for the New-Age Space Race

More reading

  • Got $1,000? 4 Top Canadian Stocks to Buy This Month
  • Lightspeed (TSX:LSPD) Stock: The Best Is Yet to Come
  • 3 Top Dividend Stocks to Add to Your Portfolio Today
  • 2 Top Canadian Hyper-Growth Stocks to Buy Right Now
  • Is LSPD the Tech Stock You Need to Add to Your Portfolio?

Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Lightspeed POS Inc.

Search more articles here: 2 Almost Flawless Stocks to Buy in Canada

Read original article here: 2 Almost Flawless Stocks to Buy in Canada

Disclaimers and Denial of responsibility..!

Denial of responsibility! is an automatic aggregator of all media around the world. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – . The content will be deleted within 72 hours.
You might also like
Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.