15 Best Canadian Blue Chip Stocks - Ultimate List!

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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[@andrewwilliams5500]

Thank you for this much appreciated please keep up these videos. Can you do one on monthly index funds ty

[@WealthAwesome]

Do you mean Monthly dividend ETFs?

[@andrewwilliams5500]

@@WealthAwesome yes but more focused on index funds

[@PaperKites777]

Great video as always brother :) Thank you and take care :)

[@WealthAwesome]

Thanks, you take care too!

[@WeReno]

CN has no passenger cars. That was sold a long time ago. I work for them. Still a great company though.

[@WealthAwesome]

Thanks for the info!

[@MavericNorthcott]

CN owns the Go transit system though don't they? Unless I am way off base that would be a part of their stock despite being branded separately.

[@edgehead13]

Bill gates has a massive holding in CN rail... buy the stock. Period

[@WeReno]

@@edgehead13 you mean his ex wife does.....

[@edgehead13]

@@WeReno doesn't matter, they're holding cn because they know a thing or two about money and investment

[@RyanThomasWoods]

Awesome video!! I hold a few of these blue chip stocks

[@WealthAwesome]

Thanks Ryan! Glad you enjoyed it.

[@Miguel._.Angel.]

What do you think about #BombardierRail ? 🇨🇦
Is a Canadian trains company
It is considerated a #BC ?

[@evadeanu1]

Very informative! Can you make a list for 2023? Thanks

[@WealthAwesome]

Check out the blog, I have an updated list there!

[@mikecano7026]

So it's the day after Victoria Day and ONCE AGAIN these large shareholders for AQN are playing with peoples minds and artificially dropping the stock. They know this should be over $19 easily on this day and they are just loading up. I'm happy I was able to pick up even more today. I got a ton at $18.40, but buying 20 cents or even 1 dollar won't scare me from AQN.

[@WealthAwesome]

Thanks Mike for your insight!

[@citizenm9590]

Do you own any of these stocks if not what are your top 5 holdings?

[@WealthAwesome]

Yes I own several of them, through individual stock investments, and probably almost all of them through indirect ETF holdings!

[@JungleEddie]

The only stock in my portfolio not on this list is Emera.