3 Top Canadian Growth Stocks for February 2026

While many Canadian stocks have enjoyed a huge windfall from strong TSX performance in 2025, many great Canadian growth stocks have taken a hit. Many investors have taken a more speculative stance on mining and artificial intelligence (AI) stocks. Boring, steady compounders have been left in the dust.

If you don’t mind being a little contrarian, there are some great long-term buying opportunities. Some of these stocks have been on a steep decline, so you may want to dollar-cost average as you build a position. Likewise, starting a position may take some fortitude. However, it could pay off when these stocks prove their resilience over time.

A Canadian software stock to buy on the pullback

Topicus.com (TSXV:TOI) has been pummelled in the past six months. This Canadian stock is down 46% in the past six months and 23% in the past year.

If you saw these returns, you might think something is wrong with its business. However, that is simply not true. Year-to-date 2025 revenues were up 20% and free cash flow rose 19%. That is before it really started to enjoy the benefits of a big investment in Asseco, a Polish software conglomerate.

The reality is that software stocks have been rejected by the market on concerns about AI disruption. While AI is a concern to monitor, companies like Topicus could benefit. AI could enable it to better build solutions for its niche customer base. Likewise, AI could enhance applications that it can provide to customers.

Topicus is trading near its lowest valuation since its initial public offering in 2021. For a company that has grown operating cash flow by a 23% compounded annual growth rate (CAGR), it seems like an attractive buying opportunity.

A fintech stock with a growing dividend

Propel Holdings (TSX:PRL) is a bit more speculative. However, this Canadian stock could pay out some big gains in the years ahead. Its stock is down 33% in the past six months and 40% over the past year.

Yet, if you don’t mind a stock that can be a bit volatile, the pullback could be an opportunity. Propel provides consumer loans to the sub-prime market. These are riskier clients. However, it spreads its risk by smart underwriting through its AI platform, only offering small loans, and requiring elevated interest rates.

Propel has been growing profitably by an over 40% CAGR. Even if growth were to moderate to the 20% to 30% range, you only pay a price-to-earnings (P/E) ratio of nine. This Canadian stock also pays a nice 3.5% dividend yield (which it has been growing regularly), so you get paid to wait for the stock price to recover.

A Canadian engineering stock with years of growth ahead

A boring professional services company like Stantec (TSX:STN) may not be the typical stock you would consider as a growth stock. Yet, this Canadian stock is up 24% in the past year and 170% in the past five years.

Stantec is a leading Canadian provider of engineering, architecture, and environmental services. Over the past three years, it has grown revenues by an 11% CAGR and earnings per share has risen by a 35% CAGR.

Anytime you see earnings growth faster than revenues shows that the company is benefitting from economies of scale and operating leverage. This is a well-managed business with major long-term tailwinds like aging infrastructure renewal, urbanization, electrification/grid modernization, and AI/data capacity expansion.

Stantec stock is down 12% in the past 90 days. This Canadian stock could be a solid buy if you have a long-term, buy and hold investment strategy.

The post 3 Top Canadian Growth Stocks for February 2026 appeared first on The Motley Fool Canada.

Should you invest $1,000 in Stantec Inc. right now?

Before you buy stock in Stantec Inc., consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Stantec Inc. wasn’t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,827.88!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 102%* – a market-crushing outperformance compared to 81%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of January 15th, 2026

More reading

• Top Canadian Stocks to Buy With $20,000 in 2026
• 3 Under-the-Radar Stocks That Could Turn $100,000 Into $1 Million by 2035
• Got $10,000? Should You Invest in an RRSP or TFSA
• 2 Bargain TSX Stocks to Buy While They Are Still Cheap
• 2 Canadian Stocks Supercharged to Surge in 2026

Fool contributor Robin Brown has positions in Propel and Topicus.com. The Motley Fool has positions in and recommends Propel and Topicus.com. The Motley Fool has a disclosure policy.