Canada’s benchmark index has continued its upward momentum in 2026, supported largely by robust efficiency within the power and fundamental supplies sectors. These industries have benefited from beneficial commodity costs, which have pushed the index larger.
Notably, throughout the broader rally, some particular person TSX shares are doing excess of merely preserving tempo with the market. A handful of corporations have considerably outperformed the index, pushed by robust income progress amid rising demand for his or her services and products. Furthermore, the momentum in these TSX superstars will possible maintain in 2026.
With that background, listed here are the three TSX superstars which can be backed by basically robust companies and have the potential to beat the market in 2026.
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High TSX inventory #1
Cameco (TSX:CCO) is likely one of the prime TSX superstars to think about now. It is likely one of the main beneficiaries of the worldwide shift towards cleaner and extra dependable power sources. The uranium producer’s shares have already gained about 30.5% this yr, but the long-term funding case stays compelling.
Rising electrical energy demand, pushed by the electrification of automobiles, decarbonization, and the fast growth of AI knowledge centres, is strengthening the outlook for nuclear energy and uranium provide.
Cameco owns a number of the world’s highest-grade and lowest-cost uranium reserves, giving it a price benefit by commodity cycles. Its stakes in Westinghouse Electrical Firm and World Laser Enrichment additionally develop its presence throughout the nuclear gasoline worth chain and help its progress.
With disciplined manufacturing, long-term contracts, and strategic publicity to rising uranium demand, Cameco seems well-positioned to profit from rising nuclear power demand and ship stable capital features.
High TSX inventory #2
MDA Area (TSX:MDA) is one other TSX inventory that’s beating the broader market by a large margin in 2026. The corporate focuses on satellite tv for pc programs, robotics, and geointelligence. These are the areas seeing quickly rising world demand.
Shares of this house know-how firm have climbed greater than 61% yr up to now, and momentum could proceed as governments improve spending on defence and house capabilities. By the tip of fiscal 2025, MDA Area reported a backlog of about $4 billion, providing robust income visibility into 2026 and past. Its alternative pipeline has additionally expanded to roughly $40 billion, together with round $10 billion in initiatives the place the corporate has already been shortlisted by authorities purchasers or the place it expects follow-on work from current prospects.
With demand for house infrastructure and defence capabilities accelerating worldwide, MDA Area seems well-positioned for sustained growth. Investments in next-generation house applied sciences, a rising presence in key markets, and strategic acquisitions supported by a stable steadiness sheet ought to assist the corporate preserve worthwhile progress within the years forward.
High TSX inventory #3
Enerflex (TSX:EFX) is one other prime TSX inventory with potential to ship market-beating returns. The corporate operates throughout the power infrastructure worth chain, designing, manufacturing, putting in, and servicing tools utilized in pure gasoline compression, processing, cryogenic programs, and water remedy. This vertically built-in method permits Enerflex to take part in initiatives from preliminary engineering by long-term upkeep, serving to deepen buyer relationships whereas smoothing the consequences of trade cycles.
A significant progress engine is the corporate’s Vitality Infrastructure (EI) phase, which ended This fall with a backlog of $1.3 billion. A robust backlog and long-term contracts are prone to help its progress.
In the meantime, the Engineered Techniques (ES) division continues to indicate robust execution, supported by a $1.1 billion backlog on the finish of This fall 2025 and a wholesome pipeline of latest bids. Orders for giant compression and gas-processing initiatives within the U.S., notably within the Permian Basin, are strengthening demand, alongside new long-term partnership agreements with midstream purchasers.
Enerflex can also be increasing into electrical energy options tied to knowledge centre progress, whereas its high-margin aftermarket providers enterprise provides stability to recurring income. Mixed with robust utilization in its contract compression fleet, these elements place the corporate for stable earnings momentum in 2026.