2 Promising Canadian Stock Options 2023

There are currently two Canadian stocks that may be good choices for your investment portfolio if you are looking to invest in growth stocks that have the potential to increase your wealth. 

However, in 2022, many investors have been hesitant to invest in growth stocks due to the uncertainties in the global financial market. Instead, dividend stocks, as represented by the S&P/TSX Composite High Dividend Index, have performed better than the overall equity market, as represented by the S&P/TSX Composite Index. Inflation is currently at high levels and the Bank of Canada has implemented interest rate increases in an attempt to lower it. However, the effects of these rate increases may take a long time to be seen, leading some investors to consider growth stocks to be a risky investment in this environment of high interest rates and high inflation.

It may be more practical to invest in dividend stocks that consistently provide you with a steady stream of income. However, there are also dividend-paying stocks that offer shareholder dividends, which can potentially provide even more income. This research report will be discussing two Canadian stocks that have the potential to return 100% by 2023 and also pay shareholder dividends.


Sylogist is a software company that provides enterprise resource planning solutions, such as grant management, fund accounting, and payroll solutions, to public service organizations in sectors such as education, non-profits, and government. These clients tend to be long-term and reliable sources of revenue for the company. Sylogist’s stock is currently trading at $8.18 per share and has a high dividend yield of 6.11%. 

The company has had strong financial performance and has the potential to generate significant wealth growth through capital gains if it continues to meet its goals. The company currently has a market capitalization of $195.46 million.

ARC Resources

ARC Resources is a Canadian energy company based in Calgary with a market capitalization of $13.41 billion. The company is involved in the exploration, development, and production of oil and natural gas in Western Canada. Its operations produce a range of oil products, including light, medium, and heavy crude, as well as natural gas and natural gas liquids. 

The company’s stock is currently trading at $19.63 per share and has a dividend yield of 2.45%. Oil prices are currently high and are expected to continue rising in the near future, which could be beneficial for energy producing companies such as ARC Resources. If oil prices remain strong, ARC Resources could potentially be a good growth stock.


Stockwire Inc. does not hold a position in the securities and/or financial instrument(s) mentioned herein, has not received any compensation, whether in securities or monetary form, for the content of this publication by any company mentioned herein and does not stand to benefit from any volume generated by this publication. Stockwire Inc. and its authors do not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. Any information, opinions or views provided in this document, including hyperlinks to the Stockwire website or the websites of its affiliates or third parties, are for your general information only, and are not intended to provide legal, investment, financial, accounting, tax or other professional advice. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Stockwire Inc. or its affiliates. You should conduct your own research and consult with your qualified advisor before taking any action based upon the information contained in this document. Stockwire Inc. and its affiliates do not accept any liability for any for any investment decisions made based on the information provided in this document.

Furthermore, the products, services and securities referred to in this publication are only available in Canada and other jurisdictions where they may be legally offered for sale. If you are not currently a resident of Canada, you should not access the information available on the Stockwire Inc. website.

For more information on our terms and conditions of use, please see and and