Two Canadian growth stocks to buy now leaders

Article Excerpt

We see both Calian and Wajax as having bright futures given their high-demand services and the resulting growth prospects. Meanwhile, each stock offers you a sustainable yield. Both are buys. CALIAN GROUP, $47.73, is a buy. The stock (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.com; Shares outstanding: 11.8 million; Market cap: $555.0 million; Dividend yield: 2.4%) lets investors tap the Ottawa-based company’s four main operating segments: Advanced Technologies offers products and engineering services for the space, communications, nuclear, agriculture, defence and government sectors. The Health unit manages a network of more than 1,800 healthcare professionals delivering primary care and occupational health services to public- and private-sector clients across Canada. The Learning division provides specialized training services and solutions for the Canadian Armed Forces and others. And Information Technology provides support for delivering complex IT and cybersecurity solutions. Calian has just announced the launch of an independent U.S.-focused unit, Calian US Inc. This new subsidiary will focus on the U.S. federal government and defence opportunities. Calian’s revenue in its fiscal 2024 fourth quarter, ended…