It’s not simple to dam out the noise when markets get shaky. Shares drop, headlines scream doom, and the impulse to tug again kicks in laborious. However generally, the neatest transfer is to do the alternative: purchase when everybody else is promoting. That doesn’t imply dashing in blindly. It means rigorously selecting TSX shares with stable efficiency, robust earnings, and a future that isn’t tied to the most recent market panic. Proper now, there are three Canadian shares that seem like no-brainer buys for $200 or much less: Baytex Vitality (TSX:BTE), iA Monetary (Tsx: index), and Troilus Gold (Tsx: tlg).
Baytex
Let’s begin with Baytex Vitality. The oil and fuel producer remains to be driving out volatility in commodity costs, but it surely’s managing that experience exceptionally effectively. Within the first quarter of 2025, Baytex reported adjusted funds circulate of $464 million, or $0.60 per share. That’s stable on this worth surroundings. Internet earnings got here in at $70 million, with a free money circulate of $53 million. Not huge, however contemplating the heavy investments being made into exploration and growth at over $400 million within the quarter, it exhibits self-discipline and foresight. On the similar time, it repurchased $13 million value of shares and paid a dividend of $0.0225 per share. So, you’re getting progress, earnings, and worth.
Manufacturing additionally remained robust, averaging 144,194 barrels of oil equal per day, with 84% coming from oil and pure fuel liquids (NGL). Baytex continues to shift its technique towards high-margin performs, like its robust outcomes out of the Peavine space in Alberta and its Eagle Ford belongings in Texas. For buyers on the lookout for publicity to power with a capital return plan and a give attention to debt discount, it is a compelling possibility.
iA
Then there’s iA Monetary, a inventory that doesn’t get as a lot hype as the massive banks however continues to impress. The TSX inventory posted robust Q2 2025 outcomes, with core earnings per share at $2.91 per share. That beat expectations and reaffirmed its place as a dependable operator within the insurance coverage and wealth administration area. The return on fairness for the trailing 12 months was 13%, and the corporate holds a quarterly dividend of $0.90. That’s a dividend yield of round 2.5% at current costs.
What makes iA Monetary particularly engaging is its diversified combine. It’s not simply life insurance coverage; it’s group advantages, asset administration, and seller companies. And it continues to profit from the shift towards fee-based and capital-light fashions. It’s additionally been aggressively returning capital to shareholders, with buybacks ongoing. For $200, you may get a few shares of a inventory that’s rising, paying a dividend, and buying and selling at 15.35 instances ahead earnings. That’s worth and high quality in a single package deal.
Troilus
Final up is Troilus Gold, a small-cap gold developer that’s quietly constructing one thing particular. The TSX inventory lately launched an up to date feasibility examine for its Quebec-based gold-copper challenge. It’s sitting on an asset in a steady jurisdiction, has main institutional backing, and its inventory trades at simply $0.66.
That makes it one of many few viable gold builders left on the TSX Enterprise with a transparent path to manufacturing. And with inflation sticking round and geopolitical tensions rising, gold might simply catch a bid within the months forward. A $200 funding in Troilus is extra speculative than the opposite two, however the upside might be substantial.
Backside line
Markets undergo cycles, however high quality TSX shares with robust administration, wholesome stability sheets, and progress plans have a tendency to return out stronger. Baytex provides you money circulate and power leverage. iA Monetary provides you stability and a stable dividend. Troilus Gold provides you uneven upside in a possible gold bull run. All three offer you an opportunity to do one thing good with simply $200.