On February 23, Pierre Ouimet, head investment strategist at UBS Canada, joined BNN Bloomberg to discuss market resilience and a diversification strategy amid ongoing tariff tensions between the US administration and the Supreme Court. Ouimet expressed surprise at the market’s lack of reaction to the recent uncertainty. He argued that political events like the expected Supreme Court ruling and potential $200 billion Treasury payout do not change his investment perspective, despite the bond market’s surprising lack of reaction. Regarding his diversification strategy, Ouimet revealed that UBS Canada began reducing exposure to US dollar-denominated assets last year, a move that he considers wise as the US dollar has come under pressure. He advocated for repatriating capital to Canada or investing in jurisdictions like Europe to ensure fingers in multiple pies.
While he remains selective in the tech sector, he expressed a strong interest in the resource sector. He identified energy and mining, particularly gold and base metals, as undervalued areas with high free cash flow yields and soaring EBITDA. He views gold as a haven asset, comparable to the Swiss franc, especially in the current uncertain climate. Ouimet also discussed the rapid evolution of AI. He noted that the current weakness in software stocks represents a reiteration of the AI theme, which remains buoyant overall. He argued that AI’s impact on productivity is likely to keep profit margins at record levels. He observed a fight between labor and capital, where capital is winning, leading to stronger earnings as return on capital increases while labor continues to struggle.
That being said, we’re here with a list of the 10 most promising Canadian stocks according to analysts.
Our Methodology
We used screeners to identify promising Canadian stocks with an average upside potential of at least 30%, and 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.
Note: All data was sourced on March 3.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Most Promising Canadian Stocks According to Analysts
10. BTQ Technologies Corp. (NASDAQ:BTQ)
BTQ Technologies Corp. (NASDAQ:BTQ) is one of the most promising Canadian stocks according to analysts. On February 24, BTQ Technologies announced a partnership between QPerfect and SDT Inc. to integrate the MIMIQ high-performance virtual quantum computer into the QUREKA hybrid quantum platform. This collaboration establishes a new cloud-based quantum emulation service, with SDT managing the customer-facing operations while QPerfect maintains the back end within a secure European environment.
The service, which officially went live on February 1, aligns with BTQ Technologies’ ongoing efforts to acquire full ownership of QPerfect, pending final closing conditions and regulatory approvals. The integration of MIMIQ allows QUREKA users to design, test, and validate quantum algorithms at scales that surpass the physical limits of contemporary hardware. By using advanced simulation techniques such as state-vector and Matrix Product State methods, the system can emulate circuits featuring thousands of qubits and millions of gates.
This partnership positions both companies to capture a share of the rapidly expanding quantum simulation market, which is projected to reach $3.8 billion by 2035. By combining SDT’s established presence in South Korea and its domestic market, estimated to grow at a 28.1% CAGR, with QPerfect’s specialized software infrastructure, the collaboration strengthens global access to production-grade quantum development.
BTQ Technologies Corp. (NASDAQ:BTQ) develops computer-based technology related to post-quantum cryptography for applications in blockchain and related technologies in New York and Canada.
9. Docebo Inc. (NASDAQ:DCBO)
Docebo Inc. (NASDAQ:DCBO) is one of the most promising Canadian stocks according to analysts. On February 27, Docebo reported strong demand and improved sales execution in its Q4 2025 earnings call, specifically within the mid-market and mid-enterprise segments. A major highlight is the integration of the 365Talents acquisition, which enhanced the company’s data capabilities and AI-driven offerings.
While the company celebrated a robust pipeline in the government sector due to recent FedRAMP compliance, it also faced some headwinds, including an enterprise segment underperformance in 2025 and a decline in net dollar retention rate to 99%, largely attributed to AWS-related impacts.
The integration of 365Talents remains a core focus, with sales teams undergoing cross-training to facilitate stand-alone and suite-based selling. The CEO noted that while customer adoption of 365Talents is expected to scale in H2 2026, the acquisition already provides a data advantage for AI agents. Regarding AI monetization, the company is currently navigating market skepticism toward credit-based pricing. To address customer demands for predictability, Docebo Inc. (NASDAQ:DCBO) is testing hybrid pricing models that combine per-seat and credit-based structures.
Docebo Inc. (NASDAQ:DCBO) develops and provides a learning management platform for training in Canada, the US, and internationally.
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