Top Canadian Stocks to Buy Right Now With $2,000

Any amount of money is a good starting place for investors to begin compounding their wealth today for their big, beautiful futures. For those starting with $2,000 right now, there are likely many questions about which direction to go in.

Is it best to put all this capital into one diversified exchange-traded fund (ETF), or buy a handful of stocks with this money and start chipping away at building one’s own well-diversified portfolio?

For those in the latter camp, or those who want to hold a large ETF base and nibble around the edges, here are two top Canadian stocks I think are worth buying with $2,000 (and adding to over time).

Fortis

Canadian utility company Fortis (TSX:FTS) is one of the top dividend stocks on my watch list, and one I think could provide some of the best returns for investors with a time horizon of a decade or longer.

Much of that has to do with Fortis’s current dividend yield of 3.6% and the company’s rather rapid dividend growth rate over the long term. Growing its dividend at a 6-7% clip for decades now, Fortis has become one of those perennial dividend compounders that’s hard to find in the market.

But aside from its five-decade-long dividend-growth track record, Fortis also has one of the best balance sheets in its sector, spurred by solid growth drivers. As electrification trends continue, and AI and machine learning (among other technologies) continue to suck up a tremendous amount of power, companies like Fortis will bridge that gap. The key is that they’ll earn massive profits doing so.

I expect most of these profits to ultimately end back up in the hands of investors through higher dividends and stock buybacks over time. For those who want a piece of the action, it’s not too late to get started.

Shopify

Now, for a stock that’s about as far from a mature dividend stock as they come. I’d put Shopify (TSX:SHOP) in the high-growth bucket, one of the few mega-cap tech stocks Canada has to offer that should deliver incredible growth over the long term.

One of the key statistics that really stood out to me from reading the Black Friday post-mortems from a number of outlets is that e-commerce sales skyrocketed year over year on this day, increasing by more than double digits. This growth came at the expense of bricks-and-mortar retail, which grew a measly 3%.

Depending on whether you trust the inflation data or not, that sort of increase really hasn’t kept up with inflation (these retail sales numbers typically aren’t adjusted for inflation). Thus, folks are pulling back on going shopping at physical stores but ramping up their online spending.

Those who want to capitalize on these solid trends that have been in place for many years may look to do so via Shopify. The company’s world-class platform for businesses of all sizes to set up online shops should continue to see robust growth driven by these trends. That’s my bull thesis right now, at least.

The post Top Canadian Stocks to Buy Right Now With $2,000 appeared first on The Motley Fool Canada.

Should you invest $1,000 in Fortis Inc. right now?

Before you buy stock in Fortis Inc., consider this:

The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 15 best stocks for investors to buy now… and Fortis Inc. wasn’t one of them. The 15 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 $21,105.89!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 95%* – a market-crushing outperformance compared to 72%* for the S&P/TSX Composite Index. Don’t miss out on our top 15 list, available when you join Stock Advisor Canada.

See the 15 Stocks #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 November 17th, 2025

More reading

• Shopify Made a Transformative Deal With OpenAI: Is the Stock a Buy?
• 3 of the Best Stocks TFSA Investors Can Buy Now
• 2 Dividend Stocks I’d Happily Buy and Hold for Life
• Got $7,000? Your TFSA Wants You to Buy These Stocks
• Invest $20,000 in 2 TSX Stocks for $839 In Passive Income

Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Fortis. The Motley Fool has a disclosure policy.