Looking for Canadian stocks on Reddit (NYSE:RDDT) can be both exciting and risky. It’s one of the best ways to spot early buzz around emerging companies, but it’s also a space full of hype, misinformation, and herd behaviour. The key is to use Reddit as a starting point, not a signal to buy. You’re looking for insight, not instruction. So let’s see where these three promising Canadian stocks fall.
HUT
Hut 8 (TSX:HUT) operates in the digital infrastructure and Bitcoin mining space. During its Q2 2025 results, it posted revenue of US$41.3 million, up 17% year-over-year, and achieved a net income of US$137.5 million, up from a substantial loss a year earlier. The company manages about 1,020 megawatts (MW) of energy capacity across sites in Canada and the U.S., and its development pipeline expands to thousands of MW for future growth.
Given the surge in interest in crypto, digital infrastructure, data-centres and artificial intelligence (AI), Hut 8 is seen by many as a levered play on those themes. On Reddit there is a narrative that Hut 8 is more than a Bitcoin miner. It’s becoming a broader infrastructure-and-compute company with exposure to AI/data centres. Reddit traders also mention its undervaluation, the dramatic recent price moves (both up and down), and high risk/high reward potential.
The turnaround in the second quarter is compelling, and more growth is being identified. Though profitability isn’t stable yet with Bitcoin swinging wildly, causing shares to surge and drop. Hut 8 could be a promising pick for someone comfortable with high risk and looking for growth in emerging tech/crypto infrastructure. The Reddit crowd is excited for good reason, considering a turn towards profitability, massive pipeline capacity, and tech theme alignment.
LSPD
Another Reddit mention is Lightspeed Commerce (TSX:LSPD). The e-commerce and point of sale (POS) company offers payments processing, and back-office tools for retailers, restaurants, and hospitality businesses. There’s certainly a bullish case as the company continues to scale, crossing the US$1 billion revenue mark.
For Redditors, many believe the share price has fallen far from its highs, so “maybe the risk is already in the price.” Others are cautious because they see underperformance, high volatility, and questions about execution. Therefore, Lightspeed could be seen as a speculative turnaround growth story, rather than a hustle.
As the company continues to show signs of operational improvement, it’s no longer just hype. The stock exhibits higher growth potential than many other stocks on the market. If execution succeeds, there’s catch-up potential for investors getting in today.
DOL
Finally, we have a long-term winner that Redditors come back to time and again. That’s Dollarama (TSX:DOL). Dollarama operates Canada’s most widespread value-priced retail chain with over 1,600 stores in Canada, and has growing international interests in Latin America and Australia) via investments. In times of inflation or weak consumer sentiment, value retailers often benefit as shoppers trade down. Reddit users frequently, ironically, call it a “poverty stock,” capturing the idea that cheaper pricing can drive traffic.
Many Redditors like Dollarama as a “down-cycle” or “value discount retail” play, a business that might hold up when others don’t. Some express concern around valuation with a high price to earnings ratio and premium multiples, and ask whether the growth can justify it. Yet a decent number believe the business model is strong, but warn that the TSX stock may be priced for perfection.
Dollarama is a promising Canadian stock with real strengths, a business built for value-oriented consumer trends, growth opportunities beyond Canada, and decent recent performance. It merits serious consideration for someone looking for a Canadian retail growth hold.
Bottom line
There can be a lot of noise on Reddit, especially with meme stocks always on trend. However, dig deep enough and you’ll start to see the same value stocks come up again and again. In this case, these three TSX stocks certainly belong on your Reddit watchlist.
