In this article, we will discuss the high growth Canadian stocks for 2025.
Identifying short-term outperformers in the Canadian stock market is no easy feat. Market sentiment remains highly fluid, with daily shifts driven by geopolitical tensions and economic uncertainty. Given the current climate, continued volatility seems almost inevitable.
However, beneath the surface of these daily swings, there are some enduring structural trends that investors would do well to monitor. In particular, two Canadian companies stand out as well-positioned to benefit from these trends through the remainder of 2025. Both offer value-oriented opportunities within defensive sectors — making them attractive picks for investors seeking resilience amid ongoing market turbulence.
Manulife Financial (TSX:MFC)
For those seeking stability in uncertain times, Manulife presents a compelling case. The life insurance and financial services giant has posted strong performance over the past year. While its stock price has pulled back from its highs earlier this year, the company’s long-term outlook remains solid. Why is this stock one of the high growth Canadian stocks for 2025?
Manulife’s appeal lies in its diversified footprint. It not only commands a strong presence in Canada but also enjoys significant exposure to fast-growing international markets, especially in Asia. As Canadian capital increasingly flows back into domestically anchored companies, Manulife stands to benefit from this shift.
Moreover, with its focus on long-duration assets, Manulife could gain from a declining interest rate environment — a scenario that appears increasingly likely in Canada. Currently trading at a modest 14 times trailing earnings, the stock appears undervalued, especially when considering its stable business model and global growth potential. It’s a defensive play with upside, ideal for investors looking to hedge against macro uncertainty.
Fortis Inc. (TSX:FTS)
Fortis remains one of the most reliable names in Canada’s utility sector, offering both income and stability. Despite a recent rise in its valuation, the company still trades at around 20 times earnings — a reasonable level compared to many other stocks in today’s market.
What sets Fortis apart is its consistent dividend track record. With a 3.6% yield and over five decades of consecutive dividend increases, it’s a cornerstone holding for income-focused investors. The company’s regulated utility assets provide predictable cash flow, which is especially valuable during economic downturns or rate cut cycles.
As the Bank of Canada leads the way in easing monetary policy, companies like Fortis — with dependable payouts and inflation-resistant business models — become even more appealing. For those expecting continued rate cuts, Fortis offers a rare blend of growth, income, and resilience. It’s a stock worth accumulating, particularly on market pullbacks.
Alimentation Couche-Tard (TSX:ATD)
Alimentation Couche-Tard has consistently ranked among the top Canadian growth stocks, and its future still looks bright. This stock ranks 3rd on our list of high growth Canadian stocks for 2025.
Despite years of strong share price performance, the company continues to offer compelling upside potential. Couche-Tard operates an extensive global network of convenience stores and fuel stations across multiple brands. While the fuel retail segment faces stiff competition and limited growth prospects, the company’s convenience retail operations remain a powerful growth engine.
Over the years, Couche-Tard has pursued an aggressive expansion strategy, growing both organically and through a series of high-impact acquisitions. These deals have helped it significantly broaden its presence in key markets, particularly in Europe and the United States, while also enhancing operational efficiencies.
Notably, the company is now pursuing another transformative acquisition — a potential deal to acquire the Japanese owner of 7-Eleven. If successful, this would further boost Couche-Tard’s global scale and reinforce its position as a dominant player in the convenience store industry.
Thanks to its size and reach, Couche-Tard enjoys significant advantages over smaller, independent retailers, including pricing power, operational efficiencies, and brand recognition. These strengths have underpinned its long-term success and continue to make it a top choice for investors looking to hold a proven growth stock with staying power.
VerticalScope Holdings (TSX:FORA)
VerticalScope remains one of the more overlooked Canadian growth plays, despite having a uniquely compelling business model.
The company owns and operates a broad network of digital platforms catering to specialized communities — from car enthusiasts and tech aficionados to DIY home improvement and outdoor recreation fans. These niche-focused sites attract loyal audiences and are primed for targeted monetization.
What sets VerticalScope apart is its efficient, asset-light model. By acquiring niche online communities and enhancing their performance, the company is able to scale quickly, improve user engagement, and boost profitability with minimal incremental cost. This approach allows for meaningful operating leverage as the business grows.
In 2024, VerticalScope delivered solid operational results, achieving double-digit growth in both revenue and adjusted EBITDA. Despite this progress, investor sentiment took a hit in early 2025 as the stock tumbled to a 52-week low, driven by softer traffic trends and broader economic uncertainty.
While short-term pressures may continue to weigh on the share price, the company’s strong balance sheet, compelling valuation, and loyal user base across high-intent communities position it well for a rebound once macro conditions begin to stabilize. For long-term investors, VerticalScope could offer a rare chance to buy into a digital growth story at a discount.
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