The Best Canadian Stocks to Buy Right Now With $3,000

The Canadian equity markets have continued their upward momentum this year, with the S&P/TSX Composite Index gaining 3.6% year to date. Strength in commodity prices and expectations of accommodative monetary policies have supported market performance. However, ongoing geopolitical tensions – particularly surrounding Donald Trump’s renewed push to acquire Greenland – along with concerns over protectionist trade policies and elevated market valuations, have introduced notable risks. Against this uncertain backdrop, I believe the following two TSX stocks present attractive buying opportunities for investors seeking value and long-term growth potential.

Savaria

Savaria (TSX:SIS), a leading provider of accessibility solutions for the elderly and physically challenged, is my first pick. After underperforming the broader equity markets last year with a return of 17.8%, the stock has rebounded strongly, rising over 10% year to date. The company’s long-term growth outlook remains compelling, supported by the demographic tailwind of an aging population. Capitalizing on this trend, Savaria continues to develop innovative products that address evolving customer needs while strengthening its competitive position.

Operationally, the completion of its “Savaria One“ initiative last year has meaningfully improved efficiency through optimized factory layouts, streamlined inventory management, and consolidated procurement across its facilities. These initiatives have driven the company’s adjusted EBITDA margin above its 20% target. In addition, Savaria is actively reviewing its supply chain, implementing measures to optimize its North American manufacturing footprint, and ensuring reliable service amid ongoing geopolitical uncertainties.

Moreover, Savaria pays a monthly dividend of $0.0467 per share, yielding 2.2%. The stock also trades at a reasonable valuation, with NTM price-to-sales and price-to-earnings multiples of 1.9 and 18.7, respectively. Considering all these factors, I believe Savaria would be an excellent buy despite the uncertain macro environment.

Kinross Gold

Amid ongoing geopolitical tensions, investors have increasingly turned to gold, a safe-haven asset, pushing prices to record highs. Over the past 12 months, gold prices have surged by approximately 75%, significantly benefiting gold-mining companies such as Kinross Gold (TSX:K). The company operates a diversified portfolio of mines across the United States, Canada, Brazil, Chile, and Mauritania, which helps mitigate operational and regional risks.

Despite lower production volumes, Kinross delivered strong financial results in its most recently reported third quarter, supported by a sharp increase in realized gold prices. Total production declined by 10.7% year over year to 503,862 gold-equivalent ounces, primarily due to lower output from the Tasiast and Fort Knox mines. However, the average realized gold price rose 39.7% to US$3,460 per ounce, driving adjusted earnings per share up 83.3% year over year to US$0.44. Attributed free cash flow for the quarter came in at a robust US$686.7 million.

Supported by these strong cash flows, Kinross has repurchased US$405 million worth of shares between April and September. The management had targeted to repurchase shares worth US$600 million in 2025. In addition, management increased the quarterly dividend by 17% to $0.035 per share, yielding 0.41% on a forward basis. The company’s balance sheet also remains solid, given its cash and cash equivalents of $1.7 billion and total liquidity of $3.4 billion.

Looking ahead, I expect gold prices to remain elevated in the near to medium term amid persistent geopolitical uncertainty. Alongside this favourable pricing environment, Kinross continues to focus on strengthening its production capabilities, with management expecting gold-equivalent output to remain steady at around two million ounces annually in both 2026 and 2027. Moreover, Kinross trades at 12.3 times analysts’ projected earnings over the next 4 quarters, making it an appealing buying opportunity at current levels.

The post The Best Canadian Stocks to Buy Right Now With $3,000 appeared first on The Motley Fool Canada.

Should you invest $1,000 in Kinross Gold Corporation right now?

Before you buy stock in Kinross Gold Corporation, consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Kinross Gold Corporation wasn’t one of them. The 10 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 $21,827.88!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 102%* – a market-crushing outperformance compared to 81%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of January 15th, 2026

More reading

• Top Canadian Stocks to Buy With $3,000 in 2026
• Here’s Where I’m Investing My Next $2,500 on the TSX
• Here’s How Much 50-Year-Old Canadians Need Now to Retire at 65
• Got $500? 3 Under-$25 Canadian Growth Gems to Grab Now
• 3 No-Brainer Stocks to Buy Under $50

Fool contributor Rajiv Nanjapla 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.