Donât let the marketâs recent run-up keep you on the sidelines today. The S&P/TSX Composite is up close to 10% on the year and has set new all-time highs several times in 2024. However, plenty of top Canadian stocks are still trading at attractive prices right now.

Iâve put together a well-diversified basket of five Canadian stocks. At todayâs prices, investors can own the entire basket for less than $500.

Air Canada

The airline space can be a tricky one. Itâs a cyclical industry thatâs no stranger to high levels of volatility.

Air Canada (TSX:AC) is currently trading far below all-time highs. Canadaâs largest airline has struggled to return anywhere near its pre-pandemic levels. Today, shares are down more than 50% since the beginning of 2020.

Airline stocks certainly are not known for their market-beating returns. However, Air Canada has a track record of outperforming the Canadian market.

Long-term investors interested in the airline space wonât want to miss this buying opportunity.

Bank of Nova Scotia

The Canadian banks are both trading at great prices today and pay sky-high dividend yields.

Bank of Nova Scotia (TSX:BNS) is not only the highest-yielding of the Big Five today but is also the only one of five yielding above 6%.

In addition to a top yield, the bank has been paying a dividend out to its shareholders for close to 200 consecutive years.

Nowâs as good a time as any to load up on a Canadian bank. And with a dividend thatâs hard to match, Bank of Nova Scotia would be my choice.

Brookfield

Why own a broad index fund when you could own the market-beating stock Brookfield (TSX:BN)?

Brookfield is as diversified stock as youâll find on the TSX. The global company owns and operates assets across a wide range of different industries.

Despite the stockâs broad diversification, though, it hasnât had any trouble outperforming the Canadian market in recent years.

goeasy

Speaking of market-beating returns, growth investors should have this discounted stock on their watch list today.

goeasy (TSX:GSY) has been on an incredible run over the past year, returning more than 50% to its shareholders. The growth stock is now down just 15% from all-time highs.

It was only a matter of time before goeasy returned to its market-beating ways. Thereâs still time if youâre hoping to pick up shares at a discount.

Shopify

Shopify (TSX:SHOP) is well up from its pandemic lows, but the tech stock is still down more than 50% from all-time highs. Still, shares are up a market-crushing 120% over the past five years.

Itâs been a volatile past few years for Shopify. And as a shareholder myself, thatâs not something Iâm expecting to change anytime soon. In Shopifyâs case, volatility is a price to pay for the chance of earning market-crushing returns.

The business remains loaded with long-term growth potential. The company has established a competitive global position in the growing commerce space.

If youâre willing to hold through inevitable volatile periods, Shopify is worth serious consideration at this price.

The post 5 of the Best TSX Stocks to Buy in July appeared first on The Motley Fool Canada.