While there’s no guarantee you’ll be able to turn $15,000 into $150,000, it’s not entirely impossible. The TSX has a lot growth shares that have delivered multiple returns to Canadians who invested at the right time. Today I’ll discuss two TSX growth stocks that have the potential to give you approximately tenfold returns over the long term.
Celestica
Celestica (TSX:CLS) has a market cap of $50.04 billion tech stocks which has done a great job until recently. At the time of writing, CLS stock is trading at $435 per share, down 12.51% from November 5, 2025. The dreaded stock market volatility is finally here, and growth stocks are showing signs of it.
Such a downturn may seem alarming to newer investors. However, smarter and more experienced investors will see this as an opportunity to buy low. Some may consider waiting until stocks bottom before starting to invest, but timing the market doesn’t always work. It might be better to start nibbling on the stock as it continues to fall.
The supply chain solutions provider is a fundamentally sound company, and the current downturn could be largely due to general market sentiment. I think now might be the best time to add the stocks to your self-driving portfolio.
Lightspeed trading
Lightspeed trading (TSX:LSPD) is a $2.64 billion market cap giant in the Canadian technology sector. The company is an omni-channel e-commerce company that offers its customers a Software-as-a-Service platform. The company’s customers rely on the platform to connect with end users, manage operations, process payments and grow their businesses.
The stock market downturn across the board hasn’t spared Lightspeed Commerce stock. At the time of writing, the stock is trading at $16.97 per share. It is down 10.59% from November 5, 2025, and down 36.20% from its 52-week high. The company itself is doing well, especially with its adoption artificial intelligence (AI) to offer new tools to its customers.
The downturn may continue for a while, but I think this presents a good opportunity for investors to take advantage of a bargain that could yield significant returns in the long term.
Silly takeaway
It is very important to remember that there is no way to guarantee multiple returns on your stock market investment. Trying to time the market or chase trends can yield such returns, but comes with a lot of risks. The real key to success is the ability to identify fundamentally strong companies that can consistently grow their revenues and sales.
Even the best investments are not without risk. However, stocks with solid underlying businesses that operate in niches with substantial long-term potential have the best chance of being the winners you want for your self-directed investment portfolio. For this purpose, Celestica and Lightspeed Commerce stocks may be excellent investments to consider.
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