![\"A](\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/05\/b8ccf58a6621fdacfdf0f2ac29b962c7.jpeg\")
Source: Getty Images <\/p>\n Source: Getty Images <\/p>\n
Written by Joey Frenette<\/a> at The Motley Fool Canada<\/p>\n Canadian investors<\/a> looking to put $2,000 or so to work still have plenty of options, even as the TSX Index runs hot and towards new all-time highs. In this piece, we\u2019ll check out a pair of names that might make sense to consider picking up, especially if you\u2019ve got a growing cash pile that\u2019s sitting around collecting an interest rate that doesn\u2019t keep up with the pace of inflation. While some may view the market as getting a bit on the expensive side after a robust rally, I\u2019d argue that those who pick their spots can still do extraordinarily well over the next three to five years.<\/p>\n Sun Life Financial <\/p>\n Shares of Sun Life Financial (TSX:SLF<\/a>) have been melting up in the past month, and as higher highs get hit. Yet, I still think it might be too early to take profits, especially when you consider how quickly things behind the scenes have been improving and the still-reasonable 16.2 times trailing price-to-earnings (P\/E) multiple.<\/p>\n And, of course, the 3.7% dividend yield is not bad either for those looking to top up their passive income streams. As the firm continues to grow its asset management business while leveling up its growth in Asia, I wouldn\u2019t discount the potential for further earnings surprises going into the second half.<\/p>\n Add the firm\u2019s digital transformation into the equation, which has already started paying hefty dividends, and shares of SLF seem to be moving into a Goldilocks environment of sorts. It\u2019s never fun to chase heated<\/a> stocks, but I do think that things could get even brighter for shares of Sun Life as the firm continues to blow away on earnings. If you want a solid, growing dividend and serious fundamental momentum, I can\u2019t think of a better name in the insurance space right now.<\/p>\n Royal Bank of Canada <\/p>\n Royal Bank of Canada (TSX:RY<\/a>) stock might be kind of pricey for a bank stock, with shares going for 16.7 times trailing P\/E. The dividend yield is also a few basis points below 3%, making it a seemingly mediocre time to pick up shares of Canada\u2019s largest company. Like the rest of the Big Six Canadian banks, though, I think paying a slight premium isn\u2019t all too bad an idea, especially when you consider the dividend growth that could lie ahead.<\/p>\n As the synergies from the prior acquisition of HSBC continue flowing in, while Royal Bank continues betting big on AI innovations (it\u2019s one of the most tech-savvy big banks in the country), I certainly wouldn\u2019t bet against the name. Of course, just about all banks have noticed the potential of AI. But with the new Borealis research arm, I do think Royal Bank might have the tech and talent to achieve AI gains a bit earlier than its peers.<\/p>\n In my view, Royal Bank isn\u2019t just a user of AI; it\u2019s becoming a major builder and monetizer of the technology, and that alone, I think, makes RY shares a preferred pick in the Big Six, even with the modest 2.7% yield.<\/p>\n The post Top Canadian Stocks to Buy Right Now With $2,000<\/a> appeared first on The Motley Fool Canada<\/a>.<\/p>\n Should you invest $1,000 in Royal Bank Of Canada right now? <\/p>\n Before you buy stock in Royal Bank Of Canada, consider this:<\/p>\n The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026\u2026 and Royal Bank Of Canada wasn\u2019t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.<\/p>\n Consider MercadoLibre, which we first recommended on January 8, 2014 \u2026 if you invested $1,000 in the \u201ceBay of Latin America\u201d at the time of our recommendation, you\u2019d have over $18,000!*<\/p>\n Now, it\u2019s worth noting Stock Advisor Canada\u2019s total average return is 94%* \u2013 a market-crushing outperformance compared to 85%* for the S&P\/TSX Composite Index. Don\u2019t miss out on our top 10 stocks, available when you join our mailing list!<\/p>\n Get the 10 stocks instantly<\/a><\/p>\n * Returns as of April 20th, 2026<\/p>\n More reading<\/p>\n Fool contributor Joey Frenette<\/a> has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy<\/a>.<\/p>\n 2026<\/p>\n","protected":false},"excerpt":{"rendered":"Source: Getty Images Written by Joey Frenette at The Motley Fool Canada Canadian investors looking to put $2,000…\n","protected":false},"author":2,"featured_media":35089,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[17,2292,1750,15427,4040],"class_list":{"0":"post-35088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-canada","9":"tag-fool-canada","10":"tag-royal-bank-of-canada","11":"tag-sun-life-financial","12":"tag-tsx-index"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/35088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=35088"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/35088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/35089"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=35088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=35088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=35088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}