Top Canadian Stocks to Buy Right Now With $1,000

If you want to invest $1,000 wisely right now, two TSX stocks are strong year-end buys.

| More on:
Canada day banner background design of flag

Source: Getty Images

Key Points

  • The TSX has rallied strongly in 2025, with broad sector momentum pushing year‑end buying opportunities—materials and clean energy look positioned to carry gains into 2026.
  • Top picks: Barrick Mining (TSX:ABX) — ~$51.53, ≈+134% YTD, Tier‑One gold (plus copper upside), strong Q3 earnings/FCF and a 25% boost to its base dividend; and Brookfield Renewable (TSX:BEP.UN) — ~$40.13, ≈+28% YTD, ~5.2% yield, long‑term PPAs and US$4.7B liquidity for predictable cash flows.
  • 5 stocks our experts like better than [Barrick Mining] >

The Toronto Stock Exchange is near the homestretch of 2025. Its chances of beating the 18% return in 2024 are high. Also, if the index posts a lower positive return, it would mark three consecutive winning years.

Stock prices have soared and the high flyers come from various sectors. Momentum is a factor heading into 2026. If you have $1,000 to invest right now, Canadian stocks are strong year-end buys.

Tier One Gold Mines

The basic materials sector, which includes metal and mining stocks, ruled the TSX this year. Barrick Mining (TSX:ABX) stands out for its large market cap and superior asset quality. This $86.9 billion company owns and operates Tier One gold mines. An added value proposition is the visible growth potential of its copper projects.

At $51.53 per share, the year-to-date gain is 133.8% compared to the broad market’s 22% advance from year-end 2024. The basic materials sector is up 73%. This premier mining stock also pays a modest 1.9% dividend.

In Q3 and in the first three quarters of 2025, net earnings increased 61% and 125% year-over-year, respectively, to $1.3 billion and $2.6 billion. Free cash flow (FCF) in the three months ending September 30, 2025, climbed 274% to $1.5 billion versus Q3 2024. Year-to-date share buybacks reached $1 billion following the repurchase of $589 million worth of shares during the quarter.

Mark Hill, Barrick Mining’s group Chief Operating Officer and interim President and CEO, said, “Higher gold production combined with lower costs and strong commodity prices drove record cash flow for Barrick in Q3.” Because of strong cash flow generation, the Board has approved a 25% increase in the base quarterly dividend.

“Our portfolio of world-class assets continues to grow,” Hill added. “We are singularly focused on driving improved performance and shareholder value, particularly at our Tier Onegold assets in Nevada and the Dominican Republic.”

Barrick Mining is Canada’s 13th largest company by market cap and is the largest gold producer in the United States. It has operations and projects in 18 countries, on five continents. Market analysts believe the ‘gold rush’ in 2025 will continue next year due to economic uncertainty.

Clean Energy

Brookfield Renewable Partners (TSX:BEP.UN) is a clean energy supermajor. Performance-wise, the utility stock is up 28.4% year-to-date. If you invest today, the share price is $40.13 and the dividend yield is 5.2%.  The investment takeaways for this $11.4 billion renewable power company are its scale, diversification, massive development pipeline, and predictable cash flow growth.

Notably, the majority of its Power Purchase Agreements (PPAs) are long-term. With contracts lasting 15–20 years, expect the business to generate durable cash flows. Also, the PPAs are linked to inflation. According to its CEO, Connor Teskey, Brookfield Renewable continues to extend its leadership position in essential baseload power generation and grid-stabilizing technologies (hydro, nuclear, and energy storage).

In Q3 2025, net income reached US$42 million compared to the US$39 million net loss in Q3 2024. As of September 30, 2025, Brookfield Renewables’ available liquidity is US$4.7 billion.

Worth your money

Barrick Mining and Brookfield Renewable Partners deserve top billing on investors’ buy lists this year-end. The $1,000 you will spend today is worth it, whether you invest in one or both.

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Renewable Partners. The Motley Fool has a disclosure policy.

More on Dividend Stocks

dividend growth for passive income
Dividend Stocks

Forget GICs! These Dividend Stocks Are a Far Better Buy

CT REIT (TSX:CRT.UN) and another dividend that might be worth considering if you're fed up with low rates on GICs.

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Dividend Stocks

Don’t Bet Against Canada’s Top Dividend Icons Going Into the New Year

Brookfield Renewable Partners (TSX:BEP.UN) and another renewable dividend icon that might be worth picking up.

Read more »

voice-recognition-talking-to-a-smartphone
Dividend Stocks

Sure, Telus Paused Its Payout: It’s My Newest Top Stock Pick

Telus (TSX:T) stock might be closer to a bottom than the top. Here are reasons why it's worth checking out…

Read more »

Concept of multiple streams of income
Dividend Stocks

2 Spin-off Stocks Poised to Outperform in the New Year and Beyond

Two spin-off stocks could outperform in 2026 and beyond because of their focused operations and distinct growth paths.

Read more »

man in business suit pulls a piece out of wobbly wooden tower
Dividend Stocks

1 Excellent TSX Dividend Stock, Down 33%, to Buy and Hold for the Long Term

West Fraser’s 30% drop looks ugly, but its steady dividend and tough-cycle moves could set up long-term gains.

Read more »

A plant grows from coins.
Dividend Stocks

This Dividend’s Growth Potential Is Seriously Underrated

CN Rail (TSX:CNR) stock might be a dividend steal to start off 2026.

Read more »

Hourglass and stock price chart
Dividend Stocks

It’s Time to Buy Fairfax Financial While It’s Still on Sale

Fairfax Financial Holdings (TSX:FFH) stock looks like a standout value stock for 2026.

Read more »

A worker overlooks an oil refinery plant.
Dividend Stocks

This TSX Pair Will Power Canada’s Nation-Building Push in 2026

Canada’s infrastructure plan in 2026 is a strong tailwind for a pair of TSX industrial giants.

Read more »