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Canadian Stocks With High Insider Buying

Insider buying is one of the most reliable signals in equity markets. When a CEO, CFO, or director spends their own money purchasing shares on the open market, they’re putting real capital behind their conviction. In the Canadian market, recent months have seen significant insider accumulation across energy, mining, and services sectors.

What Insider Buying Actually Signals

Unlike insider selling — which can happen for any number of personal reasons (diversification, taxes, estate planning) — open market buying is unambiguous. An insider who buys shares is making a deliberate bet that the stock is undervalued relative to what they know about the company’s future. It’s the strongest form of vote of confidence available.

The most meaningful buys share several characteristics: they are large relative to the insider’s existing position, they come from senior officers (CEO, CFO, COO) rather than minor shareholders, and they happen during periods of broader market weakness or company-specific pressure.

Recent Significant Insider Buys on the TSX

The following trades were sourced from SEDI filings and tracked by TSX Insider. All are open-market purchases (transaction code 10) with a meaningful impact on the insider’s share balance.

Sectors Showing the Most Insider Conviction

Mining & Precious Metals

The mining sector has seen consistent insider accumulation, with Barrick Mining’s CEO leading one of the largest single insider purchases tracked this year. Junior miners including Americas Gold and Silver and Hemlo Mining have also seen director-level buying, often in coordinated cluster patterns where multiple insiders buy within the same short window — a particularly strong signal.

Energy

Canadian energy companies including Freehold Royalties and Birchcliff Energy have seen VP and director-level purchases in early 2026, suggesting confidence in commodity prices and royalty income stability despite broader market volatility.

Services & Non-Resource

Boyd Group Services stands out as a notable non-resource example, with both the CEO and a Director making significant open-market purchases in March 2026. When C-suite and board members buy simultaneously, it amplifies the signal considerably.

How to Use Insider Buying Data

Insider buying should be one input in a broader investment thesis, not a standalone trigger. The most useful framework:

• Role matters — CEO and CFO buys outweigh minor shareholder purchases.
• Size relative to position — a 25% increase in share balance is more meaningful than a 0.5% top-up.
• Cluster buying — multiple insiders buying the same company within days of each other is a high-conviction signal.
• Repeat buyers — insiders who have bought the same stock multiple times over months or years have a demonstrated track record of backing their conviction with capital.
• Context — buying during a market correction or after bad news carries more weight than buying into a rally.

TSX Insider tracks all of these dimensions automatically — flagging Notable and Significant trades, identifying cluster buys, and highlighting repeat buyers — updated daily from SEDI filings across the TSX, TSX-V, CSE, and NEO exchanges.