In this article, we will discuss 10 High Growth Canadian Stocks to Buy Now.
For more than a decade, U.S. equities have been the default destination for global investors. Fueled by mega-cap technology, strong earnings growth, and deep capital markets, American stocks consistently outperformed much of the world. But in 2025, that long-running leadership is beginning to face real questions. Valuations remain elevated relative to many international peers, concentration risk in a handful of dominant names has increased, and history suggests that no market leadership cycle lasts forever. When sentiment and valuations become stretched, capital often starts searching for the next source of returns.
That shift is one reason international markets are drawing renewed attention—and Canada stands out as a particularly compelling candidate. Unlike the U.S., where indexes are heavily tilted toward technology and consumer giants, Canada offers exposure to a more diversified mix of industries, including financials, energy, materials, industrials, and infrastructure. These sectors can perform differently across market cycles, giving investors a way to diversify away from crowded U.S. themes while still accessing high-quality public companies in a developed market.
Canada also brings structural advantages that are increasingly relevant today. The country is rich in natural resources, closely tied to North American trade flows, and positioned to benefit from long-term themes such as energy security, critical minerals demand, infrastructure spending, and industrial reshoring. If the U.S. dollar weakens or global leadership broadens beyond American mega-caps, Canadian equities could become an overlooked beneficiary.
But diversification alone is not enough. In any market, growth remains one of the most powerful drivers of long-term returns. Companies that have delivered average earnings-per-share (EPS) growth above 20% over the past three years often signal something deeper than short-term momentum: expanding margins, operational discipline, pricing power, and durable competitive advantages. Sustained earnings growth can attract institutional capital, support valuation expansion, and create the kind of compounding that drives outsized shareholder returns over time.
There is also a “follow the smart money” angle investors should not ignore. Hedge funds commit enormous analytical resources to identifying mispriced opportunities, and their highest-conviction positions often reflect deep fundamental research rather than passive market exposure. When institutional investors are building stakes in Canadian companies with strong earnings momentum, it can signal that broader markets have yet to fully recognize the opportunity.
Put it all together, and the setup becomes increasingly attractive: a developed market trading outside the most crowded U.S. trade, sector exposure aligned with major macro trends, and companies still delivering robust profit growth. In this article, we’ll take a closer look at Canadian growth stocks with strong hedge fund interest and identify which names may be best positioned to outperform in the years ahead.
With this context in mind, here is a list of the 10 high growth Canadian stocks to buy now.
Our Methodology
We used screeners to identify Canadian stocks with market caps over $2 billion and expected EPS growth of at least 30% over the next 5 years. Our list also includes some Canadian-American companies. We 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. We have ranked the stocks in ascending order of their expected EPS growth percentage for the next five years to make the list easier to navigate.
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 High Growth Canadian Stocks to Buy Now
10. Shopify Inc. (NASDAQ:SHOP)
Expected 5-year EPS Growth: 32.90%
On April 9, bearish options flow was noted in Shopify Inc. (NASDAQ:SHOP), with 12,004 puts trading, roughly four times normal volume. The most active contracts were May $80 puts and weekly May $75 puts, while the put/call ratio climbed to 5.19. Although some traders appear cautious ahead of earnings expected on May 7, heavy short-term hedging activity often emerges around high-profile growth names and can create attractive entry points for long-term investors. Volatility around earnings frequently reflects uncertainty rather than deterioration in fundamentals, and Shopify has repeatedly demonstrated an ability to outperform expectations over time.
On April 6, Wells Fargo lowered its price target on Shopify Inc. (NASDAQ:SHOP) to $166 from $191 while maintaining an Overweight rating. Importantly, the firm reiterated confidence that “agentic commerce” — AI-powered automated shopping and selling experiences — will become a meaningful growth driver, with Shopify positioned as one of the prime beneficiaries. That view highlights the company’s strategic advantage as merchants increasingly adopt AI tools for storefront creation, customer service, logistics, and conversion optimization.
Shopify Inc. (NASDAQ:SHOP) is one of the world’s leading cloud-based commerce platforms, enabling millions of merchants to build, customize, and scale online businesses across web, mobile, social media, and physical retail channels. Founded in 2006 and headquartered in Ottawa, Canada, the company has evolved from a website builder into a full-scale commerce ecosystem spanning payments, fulfillment, advertising, lending, and enterprise solutions.
9. GFL Environmental Inc. (NYSE:GFL)
Expected 5-year EPS Growth: 33.44%
On April 15, Citi lowered its price target on GFL Environmental Inc. (NYSE:GFL) to $51 from $55 but maintained a Buy rating, noting that shares appeared oversold after falling roughly 10% following the announced Secure Waste Infrastructure acquisition. That reaction suggests the market may have focused too heavily on short-term uncertainty while overlooking the long-term strategic benefits of the transaction.
The day before, JPMorgan downgraded GFL Environmental Inc. (NYSE:GFL) to Underweight, citing leverage concerns and valuation relative to peers after the acquisition announcement. While those concerns are worth monitoring, they often emerge whenever acquisitive companies pursue transformative deals. In many cases, near-term skepticism creates compelling opportunities for patient investors if management successfully integrates the acquired assets and captures synergies.
GFL Environmental Inc. (NYSE:GFL) is a diversified environmental services leader operating across solid waste management, liquid waste, soil remediation, and infrastructure services. Founded in 2007, the company has grown into a major North American operator through a combination of acquisitions and organic expansion. Originally founded in Vaughan, Ontario, GFL relocated its executive headquarters to Miami Beach, Florida, in early 2026.
