4 Top Canadian AI Stocks You Need to Look at for February 2025
Key takeaways
Canada is emerging as an AI leader: Canadian companies like CGI Group, Kinaxis, and Celestica are integrating AI to solve real-world challenges across industries like supply chain, enterprise data management, and customer experience.
AI adoption is accelerating across sectors: From supply chain automation to personalized e-commerce, AI is becoming indispensable, creating strong growth tailwinds for companies innovating in this space.
Balancing opportunity with risk is crucial: While the AI sector offers massive upside, investors should watch for risks like competition from global tech giants, high valuations, and economic sensitivity impacting enterprise spending.
3 stocks I like better than the ones on this list.Artificial Intelligence (AI) has everyone buzzing right now. Investors are eagerly hunting for the next big AI stock in Canada. It’s no secret that AI is becoming super important these days, and folks are using AI-powered tech all the time.
There are plenty of ways to get exposure to artificial intelligence here in Canada, even in some industries that you may never think of, particularly utilities. Although the opportunities here aren’t as broad as the United States, we do have some companies that have benefitted substantially from the increased demand for power, data center infrastructure, and chips.
Lets get right into the article.
What are the best Canadian artificial intelligence stocks to buy now?
Global IT consulting and solutions provider
CGI Group (TSE:GIB.A)

CGI Group is one of the world’s largest IT consulting firms, offering end-to-end services that include systems integration, managed IT solutions, and consulting. The company serves industries like banking, healthcare, and government while integrating AI and automation into its offerings. With a global footprint and a steady focus on growth, CGI delivers mission-critical digital transformations.
P/E: 20.2
5 Yr Revenue Growth: 3.4%
5 Yr Earnings Growth: 9.4%
5 Yr Dividend Growth: -%
Yield: 0.1%
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Top Canadian Tech Stocks to Buy

AI-driven supply chain management solutions
Kinaxis (TSE:KXS)

Kinaxis specializes in cloud-based software for supply chain planning and operations. Its flagship product, RapidResponse, uses AI to help businesses manage inventory, forecast demand, and improve supply chain efficiency. Major industries served include automotive, pharmaceuticals, and consumer goods.
P/E: 184.6
5 Yr Revenue Growth: 24.2%
5 Yr Earnings Growth: -7.6%
5 Yr Dividend Growth: -%
Yield: -%
Renewable energy producer with AI-driven efficiency
Capital Power (TSE: CPX)

Capital Power is a power generation company with a focus on renewable and thermal energy projects across North America. They’re integrating AI into their operations to optimize electricity production, manage grid stability, and reduce downtime through predictive maintenance. Their AI tech improves the operational efficiency of wind farms and other renewable facilities. In addition to this, they should be a main beneficiary to data center demand.
P/E: – 14.8
5 Yr Revenue Growth: 25.1%
5 Yr Earnings Growth: 22.8%
5 Yr Dividend Growth: 6.7%
Yield: 4.1%
Hardware manufacturer with AI and cloud integration
Celestica (TSE:CLS)

Celestica is a global electronics manufacturing and supply chain solutions provider. They help major tech companies design and produce hardware for AI infrastructure, including servers, networking equipment, and storage solutions. As AI adoption accelerates, Celestica’s role in supporting AI-driven hardware production is critical for growth.
P/E: – 40
5 Yr Revenue Growth: 4.6%
5 Yr Earnings Growth: 24.7%
5 Yr Dividend Growth: N/A
Yield: N/A
Transformer manufacturer improving grid AI integration
Hammond Power Solutions (TSE:HPS.A)

Hammond Power Solutions specializes in electrical transformers, serving industrial, commercial, and utility markets. Their products are essential for stabilizing and distributing power, especially in systems integrating AI-driven smart grids. As AI-enhanced infrastructure like smart factories and grids expands, Hammond is a key supplier.
P/E: – 22
5 Yr Revenue Growth: 17.7%
5 Yr Earnings Growth: 64%
5 Yr Dividend Growth: 18%
Yield: 0.8%
What exactly is AI?
“…a field which combines computer science and robust datasets to enable problem-solving. It also encompasses machine learning and deep learning sub-fields, frequently mentioned in conjunction with artificial intelligence.”
IBM is a global AI leader, and its roots date back to 1997 when IBM’s “Deep Blue” beat world chess champion Garry Kasparov.
Today, IBM’s Watson, the world-renowned supercomputer, has evolved into an enterprise AI-driven technology that “gives enterprises the AI tools they need to transform their business systems and workflows while significantly improving automation and efficiency.”
AI has become so prevalent that any newly introduced technology worth its value makes use of AI, and the industry, and thus AI companies will continue to grow exponentially for years to come.
Many investors who think of tech and AI look south of the border, especially with revolutions like Chat GPT from OpenAI or Bard from Google.
How can investors take advantage of Canadian AI stocks?
There is no easy answer. Suppose you are invested in data or software-as-a-service (SaaS) companies. In that case, it is likely you already have indirect exposure. Companies like Shopify (TSE:SHOP) and Kinaxis (TSE:KXS) leverage AI within their flagship products.
Companies like Microsoft (MSFT), Amazon (AMZN), Netflix (NFLX), Nvidia (NVDA), Alphabet (GOOG), and Facebook (META) also mix into the AI industry to varying degrees.
Another way to look at investing in AI is to look for companies that are helping others transform their businesses through AI. In Canada, there aren’t too many companies like the big tech options in the US, but there are certainly still strong options.