Got $30,000? The Only 2 Canadian Stocks to Buy Now

If you’re hoping to create some of the strongest income out there, this tech stock is a strong option.

| More on:

Got $30,000 to invest? You’re not alone. More Canadians are setting aside cash and wondering what to do with it, especially now. Economic uncertainty is everywhere. So if you’re sitting on some cash and hoping to grow it, it’s wise to choose solid Canadian stocks that have a track record of performance and resilience. Two of the best options right now are Constellation Software (TSX:CSU) and Canadian Natural Resources (TSX:CNQ).

Canada national flag waving in wind on clear day

Source: Getty Images

CSU

Let’s start with Constellation Software. This tech company doesn’t chase trends. Instead, it buys small, stable software firms that serve specific industries. Think of hospitals, libraries, insurance, and utilities. These businesses aren’t flashy, but they generate recurring revenue and consistent profits. As of writing, Constellation trades at around $4,857 per share, with a market cap of over $103 billion. It’s one of the few Canadian tech stocks that didn’t just survive the 2022 tech correction; it thrived afterward.

Its most recent earnings report backs that up. In the first quarter of 2025, Constellation reported $3.38 billion in revenue and earnings per share (EPS) of $28.46. That’s a big jump from the year before and far better than analysts expected. Its decentralized structure allows each business it acquires to keep running as usual, which lowers costs and improves efficiency. While the dividend is tiny at just $1 per share annually, the Canadian stock’s value comes from reinvesting in new businesses. That strategy has helped the stock rise nearly 30% over the past year. For long-term investors, this kind of steady growth, supported by strong fundamentals, is rare and valuable.

CNQ

Now let’s look at Canadian Natural Resources. This energy giant is one of Canada’s most reliable dividend payers. It produces oil and natural gas, including synthetic crude from its oil sands operations. As of writing, its share price sits around $45, with a market cap close to $95 billion. Its first-quarter earnings, released in May, showed adjusted earnings of $0.83 per share and record production of 1.58 million barrels of oil equivalent per day. The Canadian stock earned $2.4 billion in net profits and generated over $4.5 billion in adjusted funds flow.

This cash allowed Canadian Natural Resources to return capital to shareholders in a big way. It paid $1.2 billion in dividends and bought back $500 million worth of shares. It also increased its dividend again, marking 25 consecutive years of dividend hikes. Right now, the dividend yield sits around 5.2%. That’s a strong payout, especially for a company that still has room to grow. While the Canadian stock hasn’t soared in 2025, rising about 8% so far this year, it provides both stability and income. In uncertain markets, those qualities are hard to beat.

Bottom line

If you split $30,000 between these two names, you’re not just buying two Canadian stocks. You’re investing in two sectors that don’t move in sync: tech and energy. That’s built-in diversification. Constellation offers growth potential through smart acquisitions and strong cash flow. Canadian Natural Resources provides reliable income and exposure to the global energy market.

These are not get-rich-quick picks. However, they are excellent choices if you want to sleep well at night while your money earns interest. Both Canadian stocks are profitable, shareholder-friendly, and built to last. Constellation has the tech edge, and Canadian Natural has the income punch.

For Canadians feeling uncertain about their financial future, putting money into dependable businesses like these can offer peace of mind. With inflation, interest rate shifts, and global instability in the mix, owning companies that produce cash, literally and figuratively, is one of the smartest moves you can make right now.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources and Constellation Software. The Motley Fool has a disclosure policy.

More on Dividend Stocks

Bank of Canada Governor Tiff Macklem
Dividend Stocks

4 TSX Stocks to Buy if the Economy Slows but Doesn’t Break

If the economy slows, investors should pay heed to companies that sell everyday essentials, lock in recurring cash flow, or…

Read more »

happy woman throws cash
Dividend Stocks

How to Turn Your TFSA Into a Reliable Monthly Income Machine

Build monthly income in your TFSA with these Canadian REITs delivering steady, predictable cash flow and consistent monthly distributions.

Read more »

woman considering the future
Dividend Stocks

The Small-Print TFSA Rule That Affects Your U.S. Stocks

Fortis (TSX:FTS) is 100% tax-free if held in a TFSA. U.S. utility stocks aren't.

Read more »

man gives stopping gesture
Dividend Stocks

Is Enbridge Stock Worth Buying at Its Current Price?

Although Enbridge is one of the most reliable dividend stocks on the TSX, is it actually worth buying today?

Read more »

Person uses a tablet in a blurred warehouse as background
Dividend Stocks

1 Ideal TSX Dividend Stock Down 55% to Buy and Hold for a Lifetime

Tecsys stock is down but delivering record EBITDA, 23% ARR growth, and a growing AI platform. Here is why this…

Read more »

House models and one with REIT real estate investment trust.
Dividend Stocks

Here’s an Ideal TFSA Dividend Stock That Pays Consistent Cash

This TSX real estate stock could quietly deliver steady tax-free income for years.

Read more »

Concept of rent, search, purchase real estate, REIT
Dividend Stocks

Rates Are on Hold for Now — These 2 TSX Dividend Stocks Look Worth Owning Regardless

These TSX dividend stocks are some of the best to buy today, with reliable business models and dividend yields above…

Read more »

The TFSA is a powerful savings vehicle for Canadians who are saving for retirement.
Dividend Stocks

How to Put $25,000 in a TFSA to Work Generating Meaningful Cash Flow

Want to earn an extra $1,100 of cash flow completely tax-free. Here's how a $25,000 TFSA can become a growing…

Read more »