2 Canadian Stocks Supercharged to Surge in 2026

The Canadian stock market has remained resilient, trading near record highs despite heightened geopolitical uncertainty, rising energy prices, and persistent inflation concerns. This strength shows strong underlying fundamentals. Moreover, companies with exposure to sectors such as artificial intelligence (AI), energy, space technology, and basic materials are supercharged to surge in 2026 and beyond, driven by strong demand.

Against this background, here are two Canadian stocks that have outperformed the broader market by a wide margin so far this year. Moreover, the momentum in these stocks will likely be sustained, driven by solid demand trends.

MDA Space stock

MDA Space (TSX:MDA) stock is supercharged to surge in 2006 and beyond. Shares of this space technology company have gained over 92% year-to-date and still have ample room to run. Operating across satellite systems, robotics, and geointelligence, MDA benefits from strong demand across its end markets, including commercial, civil, and defence sectors.

Demand for space-enabled connectivity continues to rise as governments and businesses expand satellite networks to support growing global data usage and communications in remote regions. At the same time, increasing investments in space exploration and defence are creating additional tailwinds. Space is now viewed as a critical component of modern military infrastructure, driving spending on surveillance, intelligence, and secure communications systems, areas where MDA already holds strong expertise.

The company’s financial outlook remains compelling. MDA ended Q1 of 2026 with a backlog of $3.7 billion, which provides strong revenue visibility for 2026 and beyond. Also, the company is quickly converting backlog into revenue, which augurs well for growth. Moreover, a $40 billion pipeline of opportunities across commercial and government customers offers significant room for expansion in the years ahead.

Its robotics and space operations business will likely sustain solid momentum. As space exploration expands from Earth orbit toward lunar and interplanetary missions, demand for robotics, mobility systems, in-orbit servicing, and commercial space station infrastructure is expected to rise sharply over the next decade, supporting its growth.

At the same time, growth in Earth observation analytics and defence intelligence services is strengthening its Geointelligence division. With expanding international operations in Europe and Southeast Asia, MDA appears well-positioned to capitalize on the rapidly evolving global space economy beyond 2026.

Enerflex stock

Enerflex (TSX:EFX) is another attractive stock supercharged to surge in 2026 and beyond, driven by strong demand for natural gas infrastructure. Moreover, its contract-based business model and focus on a recurring revenue stream help cushion against market volatility.

The company benefits from its vertically integrated operations. Enerflex manages the entire energy infrastructure process, from designing and manufacturing equipment to installation and ongoing servicing for gas compression, processing, and water treatment projects. This end-to-end approach strengthens customer relationships, creates multiple revenue streams, and supports more reliable earnings.

Industry trends are also working in Enerflex’s favour. Growing concerns about energy security and the global transition to lower carbon emissions are driving demand for natural gas, supporting Enerflex’s growth.

Enerflex’s Energy Infrastructure (EI) segment provides stability and growth through long-term contracts that generate predictable cash flow. With roughly $1.3 billion in contracted revenue, the division is positioned to support earnings growth over the next several years. The company also benefits from recurring, higher-margin income through its After-Market Services (AMS) business.

Enerflex also has strong revenue visibility across its Engineered Systems (ES) business, which currently holds a backlog of roughly $1.3 billion. The ES segment benefits from a diversified mix of gas compression and processing projects, helping support consistent revenue generation and margin performance in the near term.

Looking further ahead, demand for ES products and services is expected to remain strong as natural gas production and electricity generation continue to increase across the company’s core markets.

Overall, Enerflex is well-positioned to deliver significant growth led by strong demand across its businesses.

The post 2 Canadian Stocks Supercharged to Surge in 2026 appeared first on The Motley Fool Canada.

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More reading

• Top Canadian Stocks to Buy With $10,000 in 2026
• 1 Stock I Plan to Load Up on in 2026
• Want to Beat the Market This Year? This Undervalued Stock Might Be the Place to Start
• Canada’s Defence Spending Boom: 3 Stocks Poised to Win Big
• The Canadian Stocks I’d Focus on for Growth Potential in 2026

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends Enerflex and MDA Space. The Motley Fool has a disclosure policy.