
Written by Haider Saleem
Journalist and Political Analyst | LinkedIn / X
This article features five halal-screened Canadian stocks with high Earnings Per Share (EPS – a key indicator of a company’s profitability per share.
1. Why These Stocks?
The stocks were selected using two criteria:
- Shariah-compliant operations and financial ratios, verified through platforms like Musaffa.
- EPS strength, reflecting operational profitability and capital discipline.
All are listed on the Toronto Stock Exchange and fall into the large-cap category, ensuring investor accessibility and trading volume.

2. Five High-EPS Halal Canadian Stocks
a) Constellation Software Inc. (CSU.TO)
EPS (2025): CAD 50.143
Constellation is Canada’s top-performing tech holding company, acquiring and operating niche software businesses globally. While its stock price is high – over CAD 4,800 – the EPS justifies this valuation.
b) Toromont Industries Ltd. (TIH.TO)
EPS (2025): CAD 5.959
Toromont sells and services Caterpillar equipment and industrial refrigeration systems. They are strong in infrastructure and logistics sectors.
c) Magna International Inc. (MG.TO)
EPS (2025): CAD 5.779
A global automotive parts supplier, Magna is known for its vertically integrated model, including EV components.
d) WSP Global Inc. (WSP.TO)
EPS (2025): CAD 5.468
WSP is a global engineering and environmental consulting firm. Its EPS is supported by long-term public infrastructure projects, especially in energy transition and urban development.
e) TFI International Inc. (TFII.TO)
EPS (2025): CAD 4.604
One of North America’s largest transport and logistics firms, TFI benefits from strong pricing discipline and strategic acquisitions.
3. Canadian Market Outlook
As the TSX holds near record levels but shows signs of hesitation, Canadian markets are navigating a delicate moment. Softening job data, trade uncertainty, and cautious consumers are making headlines, yet investor sentiment has remained resilient.[2][3]
Geopolitical risks like the Israel-Iran conflict and potential U.S. involvement have created investor caution, leading to intermittent dips in the market. Trade frictions and tariff uncertainty are also pressuring sentiment. Job cuts in trade-exposed sectors such as manufacturing could weaken demand and put downward pressure on inflation. The Bank of Canada is closely watching these labor trends to assess the case for further interest rate cuts.
While the TSX index has recently touched record highs, some analysts caution that this performance may not fully reflect the underlying health of Canada’s broader economy due to the index’s concentrated sector composition.
References
Shariah screening data was sourced from Musaffa’s classification platform. EPS figures reflect independent analysis based on company filings and earnings reports by the financial analyst.
[1] Musaffa Stock Screenings, https://musaffa.com/stocks
[2] Reuters, “CANADA STOCKS-TSX ends largely flat for the week as market shows resilience”, June 20, 2025
[3] The Wall Street Journal, “Job-Market Weakness Worries Canadian Bank”, June 20, 2025

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