My Top 3 TSX Growth Stocks to Buy for 2026
Alex Smith
1 day ago
Canadian investors looking for world-class growth stocks to choose from don’t need to go far. Certainly, there are a number of excellent opportunities internationally. But there are also some amazing home-grown companies I’ve long thought could provide very significant capital appreciation upside.
Here are three of my top picks for investors looking to put some capital to work in a Tax-Free Savings Account (TFSA) or other brokerage account, to grow their wealth for retirement.
Well Health Technologies
In the healthcare sector, Well Health Technologies (TSX:WELL) is among the most notable names the country has to offer.
Well Health reported very strong growth in its past quarter, with revenue surging 56% on a year-over-year basis. Additionally, the company’s adjusted earnings before interest, taxes, depreciation, and amortization skyrocketed nearly 300% to roughly $60 million.
So, why is this stock trading at a valuation of just $1 billion? Well, the thesis around Telehealth companies has weakened in recent quarters. And some investors may be growing wary of Well Health’s spending on its AI integrations.
I’m of the view that these integrations could really pay off over the long term. For those with a decade or two ahead of them in their investing journey, this is a top stock to own right now in my view, particularly after its recent dip.
The Metals Company
One of the small-cap Canadian stocks I remain most bullish on right now is The Metals Company (NASDAQ:TMC).
While this company isn’t technically TSX-listed, it is a Vancouver-based name with a very intriguing growth outlook.
Interestingly, I began highlighting this stock right around when it was trading in penny-stock territory. Of course, any stock priced around $1 per share or less is inherently risky. Indeed, I’d argue that even at its current price around $7 per share, there’s plenty of risk in this stock worth considering.
That said, as a pioneer in the deep-sea mining sector, I think this is a relatively untapped market TMC could have a first-mover advantage in. For those looking to think big and swing for the fences, this company would be my top speculative pick on this list.
Shopify
No list of top TSX growth stocks to buy is complete if we’re not mentioning Shopify (TSX:SHOP), right?
Shares of the Canadian e-commerce platform provider have absolutely skyrocketed of late, with Shopify still trading near its recent all-time high made just a couple of months ago.
That said, I think Shopify’s underlying growth catalysts remain strong. Spending in the U.S. this holiday season was dominated by e-commerce sales, which increased at a 10% rate. Compared to traditional brick-and-mortar retail, which grew at a 3%-4% rate (lower than some measures of inflation), that’s bullish news for those thinking long-term on a company providing the backbone of this sector.
Millions more businesses will look to add online stores and e-commerce functionality. Shopify will be standing ready to provide this added value and take its cut.
The post My Top 3 TSX Growth Stocks to Buy for 2026 appeared first on The Motley Fool Canada.
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More reading
- Outlook for Shopify Stock in 2026
- Betting on a Holiday Retail Revival? 3 Stocks That Could Benefit
- Find Your Balance: 3 TSX Stocks for Income, Growth, and Value
- 3 of the Best Growth Stocks on the TSX Today
- 1 Dividend-Paying Tech Stock I’d Buy Before Touching Shopify
Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.
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