Despite this upward momentum, a number of high-quality Canadian companies remain attractively priced. Many have strong fundamentals, sustainable business models and long-term growth potential, yet they still trade at valuations that leave room for meaningful upside potential. For investors with a time horizon of several years, this creates an attractive moment to get involved.
With that background, these are the two best Canadian stocks to invest $2,000 in right now.
easy
easy (TSX:GSY) is one of the best TSX stocks to buy right now because it offers growth, income, and value. Shares of this subprime lender have suffered a significant pullback, falling about 41% over the past three months. The selloff started with a short seller report alleging accounting manipulation. This trend continued as the company’s latest quarterly results reflected pressure from higher loan loss provisions, rising financing costs and a deliberate shift toward more secured lending.
While these developments weighed on short-term profits, they also highlight a more cautious lending approach aimed at increasing long-term stability. Furthermore, goeasy has firmly disputed short-seller accusations and reiterated confidence in its prospects.
Despite the recent turbulence, demand for the company’s credit solutions remains high. Lending volumes continue to increase in the form of unsecured products, car financing, home equity and point-of-sale loans. Additionally, disciplined underwriting, a diversified funding base and continued product and geographic expansion position the company to sustain growth even in a more conservative credit environment.
After the correction, the shares trade at about 6.5 times forward earnings, well below historical valuation. With solid fundamentals, the potential for a return to double-digit earnings growth and a dividend yield of around 4.7%, the recent weakness offers long-term investors an attractive entry point into a company that has consistently proven its ability to grow value over time.
Cargo jet
Cargo jet (TSX:CJT) is a compelling value play, following a more than 45% decline in its share price over the past year. While the company continues to post stable domestic network revenues, the ACMI and Charter segments remain under pressure from changing global trade patterns and weaker international demand. Management expects this volatility to persist in the short term, meaning the shares may not recover quickly.
Still, Cargojet’s long-term prospects are encouraging. The company operates a diversified business, supported by disciplined cost control and a resilient model based on long-term contracts with major customers. Recently renewed agreements with Amazon until 2029 and DHL until 2033, both with expansion options, strengthen the stability of cash flows and deepen relationships that can grow with customer demand.
Despite geopolitical and trade headwinds, Cargojet expects to maintain strong earnings before interest, taxes, depreciation and amortization margins in the near term, while positioning itself to benefit from market recovery over time. The country’s dominance in time-critical domestic freight and exposure to e-commerce growth provide structural advantages, and the existing fleet gives the country the capacity to expand without heavy capital expenditure.
In short, investors looking for high-quality Canadian stocks with solid long-term growth potential should consider adding Cargojet now.
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