For buyers who caught with fairness markets by means of 2025, it was very doubtless a optimistic yr. Certainly, for Canadian buyers, the returns we noticed final yr had been outstanding, main lots of the developed markets all over the world by way of returns.
Now, a lot of this narrative has to do with the nation’s resource-rich economic system. That’s going to offer a tailwind into 2026, as long as this commodity bull market continues.
That mentioned, there are different excessive progress shares I feel are value contemplating, each by way of their near-term momentum, in addition to their long-term capital appreciation upside potential. Let’s dive in!
Shopify
Shopify’s (TSX:SHOP) inventory worth efficiency lately has been notable. After falling to a low of round $35 per share in 2022, shares of SHOP inventory have since rebounded to almost the $200 degree. Final yr, shares of SHOP inventory moved towards a brand new all-time excessive across the $250 degree.
This rally is one I feel has legs and will definitely proceed in 2026. A lot of that has to do with how strong e-commerce spending has been in current quarters. Regardless of considerations a few weakening jobs market, Shopify’s gross revenue surged 24% year-over-year this previous quarter, pushed by stable worldwide enlargement and general GMV progress many analysts and buyers didn’t see coming.
With the corporate investing closely in AI-driven service provider instruments and this worldwide enlargement anticipated to drive continued progress in new (higher-growth) markets all over the world, Shopify is a type of distinctive bets buying and selling close to all-time highs I feel may have loads of juice left for an additional rally increased.
For my part, this current dip into February is one value shopping for. That’s, for these with a long-term investing time horizon.
Celestica
One other high high-momentum progress inventory that’s seen spectacular efficiency of late is Celestica (TSX:CLS).
Shares of the Canada-based tech firm have rocketed roughly 400% increased over the previous 4 years, as funding in main AI beneficiaries continues to propel high-quality operators like Celestica increased.
The corporate’s investments in its personal AI connectivity and cloud options enterprise has led to stable progress, with income surging 43% on a year-over-year foundation this previous quarter. Impressively, the corporate’s {hardware} platform options enterprise grew at an almost 70% clip over the identical timeframe.
As cloud spending continues to learn instantly from hyperscaler AI information spend, Celestica’s seen multi-year earnings progress and its rising margins place the corporate properly to proceed to develop in a extremely worthwhile manner for long-term buyers in search of the most effective alternatives in a sector that’s turning into bifurcated by firms that earn cash and those who don’t.
Aritzia
This final choose on this checklist is a little more speculative, however it’s one I discover intriguing proper now. Shares of Aritzia (TSX:ATE) inventory have been on an absolute tear over the course of the previous yr, greater than quadrupling over this timeframe.
This transfer has successfully turned Aritzia into certainly one of Canada’s quietest however simplest momentum tales over the course of the previous yr.
Current outcomes point out that Aritzia is returning to progress, with its outlook re-accelerating increased in current quarters regardless of considerations a few strapped retail client. Importantly, the corporate has seen its productiveness enhance dramatically because of a strong e-commerce providing, and a rising footprint within the U.S. has helped Aritzia present buyers with a progress story value shopping for into.
With the corporate’s income anticipated to develop at a 16% clip (and EPS rising at round 28%) within the yr to return, Aritzia inventory has been upgraded by quite a lot of analysts, for good purpose. We’ll need to see if this momentum can proceed, however for now, I’ve to incorporate ATZ inventory as an honourable point out.