15 Best Canadian Blue Chip Stocks - Ultimate List!
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 Published On May 24, 2021

Canada has some fantastic stocks to choose. Here are my top picks for the best Canadian blue chip stocks.

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If you’ve ever played poker, you might know how painful it is to lose those high-value blue chips to an opponent.

Thankfully, the blue chips I prefer are much less likely to flow away from my hands (or, more precisely, my investment portfolio) with one careless bet.

The blue-chip stock “bets” are significantly safer, and they are more likely to pay out in the long term.

If you, like me, want to fortify your investment portfolio with them, this list of best Canadian blue-chip stocks can help you get started.

What Is A Blue Chip Stock?
There isn’t a well-defined criterion by which we define blue-chip stocks, but there are some markers that help investors identify blue-chip stocks:

-A well-established company, an industry leader, and a leader in its business segment (at least in the country).
-Market capitalization in billions (some set the threshold at $10 billion, but it’s not a common practice).
-A decent dividend history.
-A household name that everyone recognizes. Though it doesn’t translate well for all industries and niches, so a name that almost everyone associated with the industry recognizes.

Thanks to their position in the industry, significant assets, and a solid history of returns, blue-chip stocks are considered among some of the safest stocks there are. But they are not infallible. They still carry the risk inherent with all stock investments, but they are as safe as stocks can get. Blue-chip stocks can be a powerful addition to your portfolio for long-term gains.

Best Canadian Blue Chip Stocks:
We’ve chosen the blue-chip stocks for this list and arranged them in the following order based on these factors: Position in the industry, history of returns (10-year CAGR), market capitalization, dividend yield, and future growth prospects.

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