In this article, we will discuss the top AI penny stocks in Canada to buy and hold forever.
While artificial intelligence (AI) continues to generate immense excitement across global markets, the most reliable path for Canadian investors seeking meaningful long-term returns may lie in a more grounded strategy: investing in profitable, small-cap companies with real-world AI applications and resilient business models. These firms are not just riding the AI wave—they’re building durable value with solid fundamentals and consistent performance.
Here are five of Top AI Penny Stocks in Canada to Buy and Hold Forever
- Enghouse Systems (TSX:ENGH)
Enghouse Systems delivers essential software solutions to mission-critical sectors such as contact centres, video communications, telehealth, telecommunications, public safety, and transit. Its AI integration focuses on contact centre analytics, allowing businesses to process and understand customer interactions across channels including voice, email, SMS, social media, and web chat.
The company has pursued a disciplined acquisition strategy, fueling long-term profitability. From 2013 to 2024, Enghouse grew its net income from C$24.3 million to C$81.33 million, showcasing a track record of sustainable growth.
- Evertz Technologies (TSX:ET)
Evertz designs and manufactures advanced video and audio infrastructure for broadcasters, telecoms, and streaming services. Its AI-powered analytics platform helps clients collect, analyze, and act on data across devices to improve content management and operational efficiency.
With a long-standing focus on innovation and value creation, Evertz has maintained average annual net income above C$60 million for over ten years, including solid performance in fiscal 2024.
- Computer Modelling Group (TSX:CMG)
Computer Modelling Group (CMG) provides simulation software and consulting services for the global energy industry. Leveraging AI, CMG enables energy companies to optimize drilling and exploration decisions through predictive analytics.
Since its IPO in 1997, CMG has built a blue-chip client list, including all the major international oil companies. This consistent demand has translated into steady financials, with the company averaging more than C$20 million in annual net income over the last decade.
- Tecsys (TSX:TCS)
Tecsys develops AI-enhanced supply chain management software used globally across distribution, logistics, and healthcare industries. Its Innovation Lab, launched in 2023, focuses on harnessing AI, machine learning, and generative AI to tackle supply chain inefficiencies and enhance decision-making.
Recent initiatives, such as its project with Werner Electric to automate inventory sorting, demonstrate real-world AI monetization. From 2020 to 2024, Tecsys increased revenue from C$104.86 million to C$171.24 million, while maintaining profitability with average annual net income above C$3.5 million.
- Calian Group (TSX:CGY)
Calian Group is a diversified technology and services provider with operations in defense, healthcare, communications, training, and cybersecurity. Its AI-driven solutions range from military training tools and virtual reality platforms to healthcare analytics that enable better patient outcomes.
A rare combination of innovation and financial consistency, Calian has posted profits for over two decades. Between fiscal 2020 and 2024, the company grew annual revenue from C$432.32 million to C$746.61 million, while averaging more than C$10 million in annual net income.
Final Thoughts
These five AI penny stocks in Canada stand out not only for their forward-looking AI initiatives but also for their history of profitability and business resilience. As AI adoption matures, these firms are well-positioned to deliver both technological innovation and shareholder value—making them top contenders for investors focused on sustainable growth in a transformative sector.
Sign Up For our Newsletters to get latest updates
