The tariff wars have triggered a world provide chain shift, creating a chance for traders to take part in a brand new development cycle. An export-led economic system like Canada can also be taking part on this commerce shift. It’s actively in search of new commerce companions to export its wealthy power and mineral sources.
Nonetheless, these sources are positioned within the centre of Canada (Alberta and Saskatchewan), away from the seashore. To make these sources accessible for exports to Asian international locations, Canada has to construct logistics corridors that may transport these sources to the shore. It additionally has to construct ports and terminals to ship the sources.
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Canada’s 2026 nation-building efforts
With the USA returning to exporting Venezuelan oil, it has turn into mandatory for Canada to diversify commerce companions. The federal government is focusing its finances and sources on growing the infrastructure, and the prime minister is assembly with different international locations to signal new commerce offers.
Final 12 months, we noticed the announcement of the finances for infrastructure growth, a brand new laws, and the formation of a devoted authorities workplace to expedite the implementation of main tasks. This 12 months, you may see new order wins across the main tasks authorised by the federal government. You may see the signing of commerce offers, consolidation within the minerals and mining business, as giant gamers broaden capability.
All these nation-building efforts might create alternatives for the Canadian economic system to trip the cyclical development. Listed here are three TSX shares that might see some upswing from any commerce developments in 2026.
Canada’s mining inventory in focus
Cameco (TSX:CCO) is the world’s second-largest uranium producer and accounts for 17% of the worldwide uranium provide. Uranium is a gas for nuclear energy vegetation. It is a unstable sector, as any nuclear incident impacts nuclear enlargement plans. As an example, Cameco’s income fell between 2015 and 2021 after the 2011 Fukushima incident.
The rising demand for clear power, particularly within the synthetic intelligence increase, has revived nuclear power enlargement. Within the meantime, Cameco is increasing vertically within the provide chain. It gives gas companies by refining uranium and changing it into gas to produce to nuclear power vegetation. In partnership with Brookfield Asset Administration, Cameco has acquired 49% stake in nuclear energy plant builder Westinghouse Electrical.
In November 2025, Westinghouse received an $80 billion contract from the U.S. authorities to construct civil nuclear reactors. This drove Cameco’s refill greater than 60% between November and January 2026. As reported in a Forbes article dated February 1, 2026, Prime Minister Mark Carney is scheduled to go to India in March to speak a couple of 10-year uranium provide deal. Cameco’s share worth might soar if this deal and extra such offers materialize.
Chook Development
Chook Development (TSX:BDT) is a cyclical inventory to learn from Canada’s infrastructure increase. The development firm’s share worth surged 400% between October 2022 and October 2024 on the again of sturdy undertaking execution that elevated working money circulation at a compounded annual development price of 47%. This development excludes Canada’s nation-building investments.
The brand new federal funding presents new development alternatives for Chook Development. The inventory is buying and selling close to its all-time excessive, hinting that traders have already priced within the $10 billion backlog. Nonetheless, there are extra development alternatives within the subsequent three to 5 years, making it a inventory to purchase at any dip.
TC Power
The timing to spin off its oil pipeline enterprise couldn’t have been good for TC Power (TSX:TRP). Leveraging its power in constructing pure fuel pipelines, the corporate introduced $8.3 billion price of tasks on-line, over 15% underneath finances. Its inventory is rising as North America sees document energy demand from knowledge centres, coal-to-gas conversions, and liquified pure fuel (LNG) exports. TC Power expects North American pure fuel demand to extend from 45 billion cubic toes per day (Bcf/d) in 2025 to roughly 170 Bcf/d by 2035.
Its inventory has surged 75% since October 2024, after the spin-off, using the power infrastructure rally. Canada’s push in direction of expediting main tasks, together with the LNG Canada Section 2 Mission, will assist elevated capability of LNG exports. TC Power is a inventory to purchase on the seasonal dip in the course of the summer time and maintain for the long run.
