10 Best Performing Canadian Stocks So Far in 2026

8. TC Energy Corporation (NYSE:TRP)

On May 4, 2026, RBC Capital raised the firm’s price target on TC Energy Corporation (NYSE:TRP) to C$95 from C$92 and maintained an Outperform rating on the shares. RBC said the company’s in-line Q1 results and reaffirmed near-term guidance continue to support its broader growth thesis. The firm also pointed to the sanctioning of the Appalachia Supply Project and oversubscribed open seasons at Crossroads and Columbus as signs of growing demand tied to power generation and data center infrastructure in key growth regions.

Barclays also raised its price target on TC Energy Corporation (NYSE:TRP) to C$92 from C$88 and kept an Overweight rating on the shares. The firm noted that while TC Energy continues to expand both its sanctioned and potential project backlog, the latest earnings update also prompted some investor questions around expected returns and the pace of future earnings growth.

Earlier in May, TC Energy Corporation (NYSE:TRP) reported Q1 comparable EPS of C$0.99, compared to C$0.95 in the prior-year period. Comparable EBITDA rose to C$3.1B from C$2.7B a year earlier. CEO Francois Poirier said the company entered 2026 with strong momentum, highlighted by its best safety performance in six years and multiple delivery records across North America. Management said comparable EBITDA increased 14% year over year while segmented earnings rose 10%. Poirier also announced the Appalachia Supply Project, a US$1.5B expansion tied to the Columbia Gas system that is expected to strengthen TC Energy’s position in a fast-growing power and industrial corridor. The company added that customer demand remains strong, noting that the recent Crossroads open season was oversubscribed by 2.5 times, supporting visibility into long-term project growth opportunities.

TC Energy Corporation (NYSE:TRP) operates energy infrastructure assets across Canada, the United States, and Mexico.