Because the TSX Composite Index is about to conclude one other yr with strong features, Canadian development shares backed by actual numbers are again in focus. Canada affords a mixture of expertise, assets, and innovation that continues to draw international buyers as many growth-oriented corporations are turning demand into sturdy outcomes. On this article, I’ll stroll via three prime Canadian development shares to purchase and maintain and clarify what’s driving every one.
MDA Area inventory
For buyers searching for prime development shares with sustained development potential, MDA Area (TSX:MDA) may very well be value contemplating proper now. It operates throughout satellite tv for pc programs, robotics and house operations, and geo-intelligence segments.
After rallying by practically 320% during the last three years, MDA inventory is at present buying and selling at $26.89 per share with a market cap of about $3.4 billion.
Within the September 2025 quarter, the corporate’s income surged 45% YoY (year-over-year) to $409.8 million, backed by greater volumes in satellite tv for pc programs and robotics applications. Equally, its adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) for the quarter jumped 49% YoY to $82.8 million, whereas margins held sturdy close to 20%. MDA’s huge backlog of $4.4 billion continues to supply sturdy income visibility past 2025.
Long run, MDA Area is anticipated to profit from main applications equivalent to Telesat Lightspeed, Globalstar’s next-generation low Earth orbit constellation, and government-backed radar and army satellite tv for pc initiatives. These elements might help the share worth of this growth-oriented agency proceed hovering.
IAMGOLD inventory
Transferring from expertise to assets, IAMGOLD (TSX:IMG) might add a distinct layer of development to your portfolio, making it one other prime Canadian development inventory to purchase and maintain. Based mostly in Toronto, it’s a gold producer with operations in Canada and West Africa.
Following a 550% rally within the final three years, IMG inventory is now buying and selling at $22.58 per share with a market cap of roughly $13.4 billion. Whereas dividends usually are not its major attraction, the inventory continues to point out sturdy momentum.
This development inventory’s latest efficiency has been supported by enhancing operations and rallying gold costs. Within the third quarter, the gold miner’s income climbed 61% YoY to $706.7 million, whereas its adjusted EBITDA soared by 62% YoY to $359.5 million. The ramp-up of its Côté Gold mine performed a key function in driving these outcomes.
Over the longer run, IAMGOLD is concentrated on strengthening its steadiness sheet and increasing high-quality belongings. Debt discount, enhancing margins, and manufacturing development at core initiatives make this Canadian development inventory much more enticing for holding for the long term.
BlackBerry inventory
Wrapping up the listing, BlackBerry (TSX:BB) can carry a turnaround-driven angle to those prime Canadian development shares to purchase and maintain. Briefly, this Waterloo-based tech agency primarily supplies safe software program and embedded programs via its QNX, safe communications, and licensing segments. BB inventory at present trades at $5.31 per share with a market cap of about $3.1 billion.
Though the inventory hasn’t seen a lot appreciation recently, its monetary outcomes present constant enchancment beneath the floor. Within the third quarter of its fiscal yr 2026 (three months resulted in November 2025), BlackBerry’s gross sales reached $141.8 million, beating steering. Its QNX division delivered its highest income quarter ever, whereas the safe communications phase exceeded each income and adjusted EBITDA expectations. Because of this, the corporate delivered its third straight worthwhile quarter and generated $17.9 million in working money stream.
From a long-term view, BlackBerry’s development story is tied to rising QNX adoption throughout automotive and adjoining industries, together with recurring authorities and enterprise demand for safe communications. General, enhancing profitability and money stream self-discipline proceed to strengthen its place as probably the greatest development shares to purchase in Canada at present and maintain for years to return.
