In this article, we will look at the 10 Best Performing Canadian Stocks So Far in 2026.
Canadian stocks have moved back into the conversation as investors look beyond the narrow U.S. mega-cap trade and toward markets with more exposure to commodities and hard assets.
Fidelity Investments Canada says it has “moved to overweight Canadian equities,” arguing that “Higher commodity prices are clearly bullish for Canadian equities.” The firm also says conditions are the “most conducive in memory” for positive relative performance of Canadian assets. TD Asset Management makes a similar but more measured point, saying Canadian equities have “demonstrated relative resilience year-to-date” and that “Canadian equity valuations remain reasonable.” RBC Global Asset Management adds that Canadian equities are “poised to benefit from robust earnings growth,” although it also flags “trade uncertainty” as a reason to stay careful. In summary, the best performing Canadian stock trades are not just about chasing performance. It is also about where earnings, commodities, and valuation support are lining up.
Against this backdrop, the best-performing Canadian stocks so far in 2026 are worth a closer look. With that in mind, let’s take a look at the 10 Best Performing Canadian Stocks So Far in 2026.
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Our Methodology
We used the Finviz screener to identify Canadian stocks that rallied by at least 20% year-to-date. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Pembina Pipeline Corporation (NYSE:PBA)
On May 18, 2026, Citi analyst Spiro Dounis downgraded Pembina Pipeline Corporation (NYSE:PBA) to Neutral from Buy while raising the firm’s price target to C$70 from C$63. Citi said the downgrade was driven primarily by valuation following the stock’s recent rally, with the firm now seeing a more balanced risk/reward profile at current levels.
On May 13, 2026, Pembina Pipeline Corporation (NYSE:PBA) announced that the Toronto Stock Exchange approved the renewal of its normal course issuer bid, or NCIB, allowing the company to repurchase up to 5% of its outstanding common shares. The renewed program began on May 19, 2026, and will run through May 18, 2027, unless completed or terminated earlier. Based on the company’s 581.4 million shares outstanding as of May 5, Pembina is authorized to repurchase up to 29.1 million shares, which would be cancelled upon purchase.
On May 11, 2026, RBC Capital raised the firm’s price target on Pembina Pipeline Corporation (NYSE:PBA) to C$68 from C$64 and maintained an Outperform rating on the shares.
Pembina Pipeline Corporation (NYSE:PBA) provides energy transportation and midstream services through its Pipelines, Facilities, and Marketing & New Ventures segments.
9. Sprott Inc. (NYSE:SII)
On May 7, 2026, TD Securities analyst Graham Ryding raised the firm’s price target on Sprott Inc. (NYSE:SII) to C$205 from C$190 previously and maintained a Hold rating on the shares after Sprott Inc. (NYSE:SII) disclosed its first-quarter financial and operational results.
On May 6, 2026, Sprott Inc. (NYSE:SII) reported Q1 EPS of $2.25, versus the consensus estimate of 93c. Revenue totaled $142.95 million, versus the consensus estimate of $107.28 million. Chief Executive Officer Whitney George said assets under management climbed to $65.1 billion as of March 31, 2026, compared to $59.6 billion at the end of 2025, representing a 9% increase during the quarter. George added that while gold and silver prices experienced heightened volatility after reaching new highs earlier in the quarter, the broader long-term fundamentals supporting precious metals remain intact. The company’s management also highlighted the strong performance from Sprott’s critical materials strategies, which accounted for 96% of net sales across 13 different funds during the period.
Sprott Inc. (NYSE:SII) is an asset management company providing portfolio management, wealth management, fund management, and advisory services.
