Top Canadian Stock Gainers and Losers of September 2023

Continuing the cannabis gains of September with Canopy, Curaleaf and Green Thumb stocks leading the charge, while Tilray, Canfor, Shopify and Laurentian plummeted.

Andrew Willis 2 October, 2023 | 2:49PM
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Top Stock Gainers September 2023

Cannabis led the charts once again in September, with Canopy Growth WEED stock leading the pack, up 33.23%. This burst, however, only somewhat recovered a still-massive loss for the year at -66.56% as of September 29, 2023.  

Curaleaf CURA stock shot up 22%, continuing its run up from August. The stock is now in positive territory, up 4.63% for the year.

Green Thumb Industries GTII stock also bounced 19.52% last month, pushing it well into the green this year, at +25.21%.

Aurora Cannabis ACB stock rose 17.91% in an attempt to recoup major losses this year which stand at -36.80%.

Obsidian Energy OBE stock leapt 16.95%, pushing its year-to-date gains up to 24.50%.

Top Stock Losers in September 2023

In September, with summer travel plans over, Air Canada AC stock fell 15.07%, pushing the stock's year-to-date performance into negative territory at -0.05%

Amidst a management shuffle, Laurentian Bank LB stock fell 16.35% last month, pushing this stock into the red as well at -1.95% so far this year.

Shopify SHOP stock gave back some gains in September, however even after falling 17.52%, the stock is still up 57.71% this year.  

Canfor CFP stock fell further into the red this year, with losses of 18.82% last month, bringing its year-to-date performance down to -20.84%.

Lastly the Canadian stock with the worst month performance in September was another Cannabis stock, Tilray brands TLRY, losing 18.84% in the lead up to an acquision of beer brands from Anheuser-Busch. The stock was our 2nd place gainer last month, and now sits at -11.99% for the year.

 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Aurora Cannabis Inc10.05 CAD-2.80Rating
Canopy Growth Corp14.81 CAD-1.07Rating
Curaleaf Holdings Inc7.62 CAD-1.30Rating
Shopify Inc Registered Shs -A- Subord Vtg79.63 CAD1.14Rating
Tilray Brands Inc1.98 USD-6.60Rating

About Author

Andrew Willis

Andrew Willis  is Senior Editor at Morningstar Canada. He previously produced content for Fidelity Investments and finance industry events for Euromoney Institutional Investor and has written in the past for Thomson Reuters and CNN. Follow him on Twitter @Andrew_M_Willis.

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