RY 142.25 0.8293% TD 77.91 0.6849% SHOP 80.34 -0.2978% CNR 172.52 -0.9701% ENB 51.5 -0.329% CP 112.76 -0.5117% BMO 128.88 0.5618% TRI 229.44 -0.0174% CNQ 104.72 0.1243% BN 60.52 0.0992% ATD 75.66 -0.0396% CSU 3724.9199 -0.3046% BNS 65.77 0.1523% CM 67.57 0.0296% SU 54.29 -0.9126% TRP 52.64 -0.2653% NGT 57.59 -0.8949% WCN 228.01 -0.3148% MFC 35.34 -0.7303% BCE 46.42 0.0647%
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Canadian AI All-Stars: Unveiling the Top Stocks for 2024
Artificial intelligence (AI) is no longer science fiction. From facial recognition unlocking your phone to AI-powered grammar assistants, it's woven into our everyday lives. And this is just the beginning.
This pushes in the question for investors: should you consider Canadian AI stocks? In this guide, we'll delve into the Canadian AI landscape with details about Canada's top players dominating the TSX with artificial intelligence. Let’s explore their potential and help you decide if AI aligns with your investment goals.
A leader in IT and business consulting since 1976, CGI crafts custom solutions for clients across industries. They achieve this by closely aligning an industry's specific needs with CGI's service offerings. Their comprehensive services include business strategy, IT consulting, integrating systems, managing IT infrastructure, handling business processes, and developing intellectual property solutions.
CGI kicked off fiscal 2024 with a strong performance. Their revenue in Q1 FY2024 hit $3.6 billion, reflecting a 4.4% increase year-over-year. Even accounting for currency fluctuations, revenue grew by 1.5% year-over-year. Profitability metrics were also positive. The company's EBIT margin increased 5.4% year-over-year to 16.2%, and net earnings reached $389.8 million, representing a 1.9% year-over-year increase.
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