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:
Canada national flag waving in wind on clear day

Source: Getty Images

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).

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

Piggy bank and Canadian coins
Dividend Stocks

Canadians: Here’s How Much You Need in Your TFSA to Retire

If you hold Fortis Inc (TSX:FTS) stock in a TFSA, you might earn enough dividends to cover part of your…

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

1 Ideal TFSA Stock Paying 7% Income Every Month

A TFSA can feel like payday with a monthly payer like SmartCentres, but the real “winner” test is cash flow…

Read more »

up arrow on wooden blocks
Dividend Stocks

3 Blue-Chip Dividend Stocks for 2026

These blue-chip dividend stocks have consistently grown their dividends, and will likely maintain the dividend growth streak.

Read more »

Nurse talks with a teenager about medication
Dividend Stocks

A Perfect January TFSA Stock With a 6.8% Monthly Payout

A high-yield monthly payer can make a January TFSA reset feel automatic, but only if the cash flow truly supports…

Read more »

alcohol
Dividend Stocks

2 Stocks to Boost Your Income Investing Payouts in 2026

These two Canadian stocks with consistent dividend growth are ideal for income-seeking investors.

Read more »

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

TFSA: 4 Canadian Stocks to Buy and Hold Forever

High-yield stocks like Telus are examples of great additions to your tax-free savings account, or TFSA.

Read more »

monthly calendar with clock
Retirement

Retirement Planning: How to Generate $3,000 in Monthly Income

Are you planning for retirement but don't have a cushy pension? Here's how you could earn an extra $3,000 per…

Read more »

A worker overlooks an oil refinery plant.
Dividend Stocks

TFSA Passive Income: 2 TSX Dividend Stocks to Buy on Dips

These stocks have delivered annual dividend growth for decades.

Read more »