In this article, I’ll talk about two top Canadian stocks for 2026 that could continue to rise beyond the short term.
Aritzia shares
Looking at the top Canadian stocks heading into 2026, Aritzia (TSX:ATZ) is hard to ignore as it continues to build momentum outside its home market. This Vancouver-based company operates in specialty retail and focuses on luxury apparel through a portfolio of private label brands sold online and in boutiques in Canada and the United States.
Over the past year, Aritzia’s shares have risen more than 119%, supported by rising demand for its products and improving profitability. Investors have also responded positively to the company’s growing presence in the United States, which remains a key growth driver. As a result, ATZ stock now trades around $118 per share, giving it a market capitalization of approximately $13.6 billion.
In the second quarter of fiscal 2026 (three months ending August 2025), the Canadian fashion retailer reported a solid 32% year-over-year (year-over-year) revenue increase to $812 million. During the quarter, comparable sales increased 21.6%, with double-digit growth across all channels and regions. Aritzia’s growth was primarily led by the United States, where sales rose nearly 41% thanks to strong e-commerce traffic, new boutique openings and solid performance from existing locations.
Similarly, the company’s profitability also improved last quarter, with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) rising 122.5% year-over-year to $122.7 million. Better inventory management, lower markdowns and better cost leverage also contributed to an adjusted EBITDA margin increase to 15.1%.
To further accelerate growth, Aritzia continues to invest in boutique expansion, digital growth and brand awareness. The company expects fiscal 2026 revenue to be between $3.30 billion and $3.35 billion, with margins expected to improve further. These initiatives and fundamental growth drivers clearly make Aritzia one of the best Canadian stocks for 2026 and beyond.
Descartes Systems Stock
Looking at the top Canadian stocks for 2026, Descartes Systems Group (TSX:DSG) can add balance to your portfolio thanks to its strong recurring income. This Waterloo-based technology company provides software solutions for logistics and supply chain management using a software-as-a-service model.
Although Descartes shares are down about 25% over the past year, this pullback could be a golden opportunity for long-term investors as demand for logistics and compliance solutions remains high. Currently, the stock is trading at $123 per share, with a market cap of approximately $10.6 billion.
In the third quarter of fiscal year 2026 (three months ending in October), Descartes reported revenue of $187.7 million, up 11% year over year. Services revenue for the quarter, which makes up the majority of total revenue, rose 16% year over year as customers increasingly relied on trade compliance, customs and supply chain visibility tools. Strong sales drove the company’s operating profit up 24% year-over-year.
Interestingly, Descartes continues to expand its global logistics network through quality purchases and product improvements. With returning strong revenues, solid cash generation and increasing demand driven by the complexities of global commerce, it remains well-positioned as one of the best Canadian stocks for 2026 and beyond.
#Invest #future #potential #big #winners