Even with $500, you possibly can put your cash into high quality Canadian shares which might be rising, adapting, and returning worth to shareholders. And I believe the monetary sector is the place among the smartest alternatives are hiding proper now.
On this article, I’ll speak about two such prime monetary shares to purchase proper now with $500 – displaying actual indicators of momentum and long-term development potential.
iA Monetary inventory
Let’s start with an insurance coverage and wealth administration big, iA Monetary (Tsx: index). Buying and selling at $143.12 per share, IAG inventory has jumped by 59% over the past 12 months. It presently has a market cap of $13.3 billion and provides a quarterly dividend with a 2.5% annualized yield.
This stable efficiency may primarily be attributed to the corporate’s give attention to execution. Within the first quarter of 2025, it reported sturdy momentum throughout all enterprise strains, with gross sales rising in nearly each section. Throughout the quarter, iA Monetary’s complete premiums and deposits jumped by 19% YoY (year-over-year) to achieve $5.8 billion.
From a profitability perspective, the corporate posted a 19% YoY rise in its newest quarterly core earnings to $2.91 per share with the assistance of upper earnings throughout insurance coverage and wealth administration segments.
Now, iA is aiming for an over 17% return on fairness by 2027 and concentrating on greater than $650 million in natural capital era this 12 months. The corporate can be growing its presence within the used car guarantee market by way of its current acquisition of World Guarantee and continues to spend money on expertise and its seller providers enterprise.
In brief, it’s making ready for a brighter future with sensible acquisitions, sturdy gross sales networks, and disciplined capital deployment — making it one of many prime monetary shares to purchase on the TSX at present.
Sprott inventory
Now let’s shift to one thing utterly completely different, Sprott (TSL:SII), a monetary inventory deeply tied to metals and important supplies. This Toronto-based asset supervisor doesn’t deal in broad market funds or generic equities. As an alternative, it focuses on valuable metals and important supplies. That area of interest has helped it construct a loyal investor base and ship sturdy efficiency, particularly when commodities rally.
After rallying by 50% over the past 12 months, Sprott inventory is buying and selling at $97.30 per share with a market cap of $2.5 billion. At this market value, it additionally provides an annualized dividend yield of about 1.7%.
Whereas the broader monetary sector has confronted some volatility up to now in 2025, rising gold costs and heavy inflows into its bodily gold and silver trusts have improved Sprott’s monetary efficiency. Within the first quarter alone, Sprott added over $3.1 billion in market worth to its property beneath administration and pulled in $407 million in web inflows. On the finish of the March quarter, its complete property beneath administration stood at $35.1 billion, reflecting a powerful 11% improve from year-end.
General, Sprott’s mixture of gold, silver, uranium, and uncommon materials methods offers it one thing most asset managers don’t have – inflation safety and development potential rolled into one. That’s why this could possibly be one of many prime monetary shares to purchase now for anybody with a long-term view.