Canadian penny stocks are those stocks which are traded on the Toronto Stock exchange and can be bought for less than $5. The reason Canadian stocks are becoming very much the main stay as far as the penny stock picks are concerned because of the reason that there is absolutely a goldmine waiting out there in the Canadian stock market. In stark contrast to the American stock market the Canadian stock market is absolutely delivering wonderful returns when it comes to the penny stocks. The way penny stocks in the NASDAQ or in the OTCBB are traded similarly there are penny stocks that are traded on the Toronto Stock exchange. 

The Canadian penny stocks can be purchased through the Toronto Stock exchange as well as the TSX Venture exchange. The Canadian  stocks are known to be very much in high demand in the field of telecom and the commodities . The reasons are not hard to fathom. Canada has good amount of abundant natural resources and have good amount of various minerals and that is there are a lot of commodity companies trading in copper, bauxite etc there and then telecom companies such as Nortel and Lucent has kick started a mini telecom revolution the country and there are a lot of talented folks out there who are going great guns with revolutionary new telecom technology. It helps that Canadian education system produces some of the great graduates which fee the telecom industry. 

So if you are looking for the Canadian stock picks then the best thing to do is to make sure that you either buy the commodity penny stocks or the telecom penny stocks. The small cap stocks called so because of their low capitalization but that has now kind of become a misnomer with so many stocks being buzzing and there is high trading activity. In terms of profit making these small cap stocks are big

 The challenge with the small cap stocks is that they do not have good research material available on them and now we are talking about Canadian penny stocks. To pick a right Canadian stock you will have to do some solid amount of research and then come up with stocks that are absolutely real gems. You can either use the technical analysis based on the movement of the penny stock or use the fundamental research which will mean that you can actually use the basic ground rules of investing and then pick a stock. Again that is tough and I will suggest that the best way to pick up a good penny stock is to some momentum stock picking and run with it. 

Another way to get some penny stock tips is get your friend in Canada subscribe to some great newsletters and these will help in at least tracking the market very closely. You will need to check the possibility if you can trade on the TSX exchange with your online brokerage account. Else you need to find a broker who has the broker license on the TSX and then open an account with that Canadian broker. 

Check the hot Toronto penny stocks or the penny mining stocks for good returns from the Canadian stock picks. Then you can look at the penny stock movers and do some momentum investing. That will help in getting that special penny stock profitability that you are looking for. 

If you really need to have a few names of the Canadian penny stocks then here are these stocks by the name BNK.To or the OPC.TO. These are doing good. Another one is NGG.V and the NRI.TO. Be careful and do your own research before you even think of picking up these picks and there are several other like these in the commodity and the telecom area within the Canadian penny stock market.