With the TSX Index hovering to new all-time highs, it’s onerous to search out Canadian shares that appear to be engaging buys proper now. Mining and financial institution shares have largely pushed the index larger.

Nevertheless, a mixture of high quality shares has considerably underperformed the index. It’s going to take some fortitude to be a purchaser, particularly when these shares are floundering and unpopular.

But, for those who will be affected person, these Canadian shares could have their day once more. For those who don’t thoughts being a contrarian, listed here are three Canadian shares I’d purchase with $300 proper now.

A trucking inventory prepared for a momentum turnaround

TFI Worldwide (TSX:TFII) has had a difficult 12 months. This Canadian inventory is down 30% this 12 months. The corporate had a number of consecutive powerful quarters. A slowing financial system has brought about a freight recession in North America. President Trump’s tariffs definitely haven’t helped.

TFI additionally occurred to run into some operational points in its U.S. less-than-truckload enterprise. It made for an ideal storm that brought about the inventory to quickly drop.

But, there are causes to be optimistic. TFI is an adaptable, low-cost operator. Even by way of some powerful occasions, the transportation and logistics agency produced $180 million of free money circulate within the second quarter alone. It additionally famous operational enhancements within the U.S. and modest enhancements within the freight market.

Current peer outcomes point out that the freight market is beginning to enhance. TFI could also be close to a trough. That’s the time you need to purchase an incredible high quality compounder that’s briefly crushed down. TFI definitely thinks it’s a great time to purchase; it has been aggressively shopping for again inventory since its inventory fell in February.

A European software program firm listed as a Canadian inventory

One other no-brainer Canadian inventory to purchase proper now’s Topicus.com (TSXV:TOI). It’s born out of Constellation Software program, which is without doubt one of the best-performing Canadian shares over the previous 15 years (regardless of having declined 17% this 12 months).

Topicus.com acquires specialised software program companies. Europe is its major market. Given the various array of nations, governments, industries, languages, and laws, an unlimited array of software program options are used and required. This supplies a big marketplace for Topicus to consolidate.

Topicus has already made some large strikes this 12 months. It made an enormous software program acquisition and took a stake in its second Polish public entity. Since then, Constellation’s inventory has not too long ago pulled again and so has Topicus.com’s inventory. The dip makes for an attention-grabbing likelihood so as to add this high quality Canadian development inventory to your portfolio now.

A Canadian healthcare expertise inventory

VitalHub (TSX:VHI) is one other Canadian software program inventory. Like Topicus, Vitalhub may be very acquisitive with 22 acquisitions made so far. It has a give attention to healthcare software program in Canada, the U.Ok., the Center East, and Australia.

The corporate has been placing up some very robust numbers. Previously three years, revenues have risen by a 36% compounded annual development fee (CAGR), earnings earlier than curiosity, tax, depreciation, and amortization (EBITDA) elevated by a 34% CAGR, and earnings per share elevated by a 145% CAGR.

The one adverse is that VitalHub has aggressively raised fairness to finance its development program. That has supplied near $100 million in money. Its inventory trades at a premium a number of. So it could possibly deploy the funds raised into acquisitions at considerably decrease multiples, presenting an arbitrage alternative.

VitalHub inventory is down 6% this 12 months and 17% up to now three months, regardless of good operational efficiency. It isn’t the most cost effective inventory. Nevertheless, if it could possibly proceed delivering robust development, it might be a great addition at this time.