Top Canadian Stock Gainers and Losers of July 2023

In a reversal from June, in July, cannabis gained – with Tilray, Canopy and Curaleaf stocks leading the charge, while Canfor, TC Energy and Telus plunged.

Ruth Saldanha 1 August, 2023 | 9:24AM
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Top Stock Gainers in July 2023

Tilray Brands TLRY shot up 61.46% in July, erasing much of its losses, leaving it down 9.8% for the year to date.

Canopy Growth WEED bounced 27.45% last month, which didn’t help the stock much, as it is still down 79.3% for the year.

Curaleaf CURA rallied nearly 20% in July, leaving the stock down 16% so far this year.

Nutrien NTR gained 16.19% in July, but the stock is down 6.64% for the year to date. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading close to our $90 fair value estimate.

Magna International MG climbed 13.4% during the month, lifting shares 13.1% for the year to date. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading close to our $93 fair value estimate.

Top Stock Losers in July 2023

Canfor Corp CFP fell 12.49% in July, leaving the stock down 2.35% for the year.

TC Energy TRP lost 11.73% for the month, and the stock is down 9% for the year. Find out why the stock is so cheap here.

Telus T lost nearly 9% in July, and is down 7.41% for the year-to-date. Find out why the stock is so cheap here.

Blackberry BB fell 8.58% in July, but the stock is still up 52.15% year-to-date.

Northland Power NPI fell 7.31% last month, and is down 29.41% for the year so far.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BlackBerry Ltd3.40 CAD1.49Rating
Canfor Corp14.90 CAD0.20Rating
Canopy Growth Corp11.32 CAD-1.05Rating
Curaleaf Holdings Inc5.93 CAD0.85Rating
Magna International Inc60.34 CAD-1.49Rating
Northland Power Inc23.30 CAD-0.38Rating
Nutrien Ltd68.35 CAD-1.48Rating
TC Energy Corp57.06 CAD-0.42Rating
TELUS Corp21.62 CAD-0.14Rating
Tilray Brands Inc2.60 CAD-1.52Rating

About Author

Ruth Saldanha

Ruth Saldanha  is Editorial Manager at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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