TSX Today: Top 5 Canadian Stocks to Watch on Thursday, October 14

Here are the top five TSX stocks that Canadian investors should keep on their watchlist today.

TSX Today

The main Canadian market gauge traded on a positive note Wednesday. The S&P/TSX Composite Index surged by 181 points, or 0.9%, to settle at 20,618. Interestingly, it was the sixth consecutive session when the index didn’t fall. While concerns about rising inflation in the U.S. remain intact, rallying commodity prices, including oil, gold, and copper, are keeping Canadian investors’ confidence alive. Some Canadian tech stocks that witnessed a selloff earlier this month also showcased a recovery yesterday.

TSX today

TSX stocks are likely to open on a positive note on Thursday, October 14. The consistent strength in the commodity market could help Canadian metal mining and energy stocks inch up today. Energy investors should keep an eye on the weekly crude oil stockpile data from the U.S. this morning.

The U.S. weekly jobless claims and September producer price index data will also be released this morning. A big, unexpected change in these indicators could give further direction to Canadian stocks. Now, let’s take a look at some of the top Canadian stocks to keep on your watchlist today.

BlackBerry stock

BlackBerry (TSX:BB)(NYSE:BB) stock showed a sharp recovery yesterday by rising 4.7% to $12.20 per share. In the latest press release yesterday, the company announced “new partners Okta, Mimecast, Stellar Cyber and XM Cyber to its extended detection and response (XDR) ecosystem.” This news came a day after BB gave its auto segment development a push by joining hands with U.S. tech giants Google and Qualcomm. These multiple positive updates helped BlackBerry regain investors’ confidence and drove its stock higher.

BB stock has risen by nearly 45% this year. But it still looks cheap to me for the long term mainly because of its flourishing cybersecurity business and rising focus on the automotive segment.

Aritzia stock

Investors should keep an eye on Aritzia (TSX:ATZ) stock today. The Canadian design house announced its far better-than-expected August quarter results Wednesday after market close. In the second quarter of its fiscal year 2022, the company’s adjusted earnings stood at $0.39 per share compared to $0.19 per share in the previous quarter. Its latest earnings were also more than 80% higher than analysts’ expectation of $0.21 per share.

Strong U.S. market growth and its surging e-commerce and boutiques sales growth helped Aritzia crush analysts’ earnings and revenue estimates in the last quarter. As a result, many notable research firms raised their target price on Aritzia stock after its strong Q2 results. That’s why I expect this TSX stock to stage a rally in the coming sessions.

Eldorado Gold stock

Eldorado Gold (TSX:ELD)(NYSE:EGO) stock was the top gainer on the TSX Composite benchmark Wednesday. ELD stock settled at $11.85 per share in the last session — up 9.3%. These gains were primarily driven by its strong preliminary production results for the third quarter.

After its recent strong production performance, the management is reviewing Eldorado’s 2021 production guidance ahead of its Q3 earnings event on October 28. Despite its improving fundamentals, Eldorado Gold stock is trading with nearly 30% year-to-date losses at the moment. It could be an opportunity for long-term investors to buy it at a bargain.

Mining stocks

Reopening economies could keep driving the demand for metals upward and take commodity prices higher. The ongoing rally in metals prices is driving most Canadian mining stocks up. But some mining stocks still look cheap based on their improving fundamentals and growth outlook. For example, long-term investors can keep an eye on mining stocks like B2Gold (TSX:BTO)(NYSE:BTG) and Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ) stocks in the coming days. While Canadian Natural has a long track record of posting stronger earnings growth, rising gold prices could help B2Gold post much stronger-than-expected profits this year. B2Gold stock has lost 32% year to date. In contrast, CNQ stock has risen by 64% this year.

Should you invest $1,000 in BCE right now?

Before you buy stock in BCE, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and BCE wasn’t one of them. The Top 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 $21,345.77!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

See the Top Stocks * Returns as of 4/21/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Okta, and Qualcomm. The Motley Fool recommends BlackBerry. Fool contributor Jitendra Parashar has no position in any of the stocks mentioned.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Metals and Mining Stocks

grow money, wealth build
Metals and Mining Stocks

The Smartest Mining Stock to Buy With $5,500 Right Now

Agnico Eagle Mines (TSX:AEM) stock has been hot of late. More gains seem likely for the dividend stock.

Read more »

nugget gold
Metals and Mining Stocks

This TSX Gold Stock Down 46% Looks Incredibly Undervalued

Down 46% from all-time highs, Equinox Gold is an undervalued TSX mining stock that offers you significant upside potential right…

Read more »

jar with coins and plant
Metals and Mining Stocks

Where Will Barrick Gold Be in 5 Years?

Barrick Gold stock's trajectory to 2029: Gold’s anchor, copper’s charge in the energy revolution

Read more »

worker holds seedling in soybean field
Metals and Mining Stocks

Where Will Nutrien Be in 3 Years?

With a sharp rebound underway, Nutrien stock is showing strength in 2025, so let’s find out what’s fueling the rise…

Read more »

hand stacking money coins
Metals and Mining Stocks

Beyond Gold: How Canadian Investors Can Capitalize on Copper and Silver Prices

Sprott Physical Silver Trust (TSX:PSLV) is a great portfolio diversifier for those looking to bet beyond gold.

Read more »

nugget gold
Metals and Mining Stocks

Barrick Gold vs. Agnico Eagle: How I’d Allocate $10,000 Between Mining Leaders

Here's how I'd split an investment between Barrick Gold (TSX:ABX) and Agnico Eagle (TSX:AEM) in this still-uncertain market environment.

Read more »

nuclear power plant
Metals and Mining Stocks

Is Cameco Stock a Good Buy Now?

Uranium miners such as Cameco Corporation (TSX:CCO) can be lucrative options. Here's why you need to buy Cameco stock today.

Read more »

nugget gold
Metals and Mining Stocks

Beyond Gold Miners: How This Royalty Giant Could Supercharge Your Returns

Are you looking to supercharge your portfolio with precious metals but without the need for traditional gold miners?

Read more »