Canadian shares proceed to carry out very well in 2026. The TSX Index is up 10.5% this yr. But, there are nonetheless alternatives should you don’t thoughts being long-term-minded. Listed below are 5 prime shares I’d really feel good proudly owning this yr and for the approaching 10 years.
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AltaGas
AltaGas (TSX:ALA) has a beautiful mixture of progress, revenue, and reliability for traders. It is a completely totally different firm than it was 5 years in the past. It divested non-core property, drastically decreased debt, and targeted on its pure gasoline infrastructure competencies.
It now has a robust American utility enterprise and a midstream/LPG export enterprise that’s completely booming. The Strait of Hormuz disaster solely bolsters its alternatives to provide gasoline merchandise to Asia.
It has additional export capability in building, so it’s primed to be a robust, steady, and rising power supplier for years to come back. It pays a 2.4% yield proper now.
Granite REIT: A prime Canadian inventory for month-to-month revenue
If I wished a barely bigger dividend yield, I might have a look at Granite Actual Property Funding Belief (TSX:GRT.UN). Should you like actual property, it’s simply probably the greatest Canadian shares you will discover.
It has a high-quality mixture of institutional logistics and manufacturing property. It’s diversified and has a robust checklist of tenants on long-term leases.
All this could assist mid-to-high single-digit progress. It has a prime administration crew and an important steadiness sheet. It yields 3.7% right this moment with an important 15-year report, yearly rising its dividend.
Aritzia
Aritiza (TSX:ATZ) has been one in every of Canada’s best-performing shares previously couple of years. Its inventory is up 38% this yr. This firm has simply been executing so properly. U.S. gross sales have eclipsed Canadian gross sales. It may greater than double its present boutique rely there.
Aritzia’s new boutiques have a 12–18-month payback on funding. Which means that because it scales, so do its money flows. It hasn’t even began increasing internationally. So long as it may well hold its type in vogue, it nonetheless has a decade of progress forward.
Descartes: An undervalued Canadian software program inventory
Descartes Methods Group (TSX:DSG) is one Canadian inventory that hasn’t carried out that properly in 2026. It’s down 10% this yr. But, that masks its stellar operational and monetary efficiency. It simply delivered a stable quarter the place income rose 15%, and earnings per share elevated 34%.
It operates a vital world logistics community. That’s complemented by a set of software program options that save distributors money and time.
It’s a really well-managed enterprise with excessive margins and powerful money technology. It has a tremendous cash-rich steadiness sheet that helps natural and acquisition progress. Immediately, Descartes trades at its lowest valuation in 10 years, which makes it a good time so as to add.
Calian Group
The ultimate inventory is a smaller-cap Canadian inventory known as Calian Group (TSX:CGY). Geopolitical uncertainty is rising, and Canada’s defence sector should rise accordingly. Massive {dollars} are heading in the direction of Canada’s navy within the coming years.
It is a large tailwind for Calian, which offers well being, coaching, and expertise providers for the defence sector. Canada has solely begun to hit its NATO spending targets. Already, Calian has returned to mid-teens progress and is bettering profitability on this spend.
The corporate has a pleasant mixture of natural and acquisition progress. Even after rising 63% this yr, its valuation shouldn’t be demanding. For a inventory with a protracted tailwind, this Canadian inventory is a good long-term maintain.
