Key Takeaways:
- The S&P/TSX Composite Index has ended 2025 on a strong note and has maintained its momentum in 2026, with a 30.9% increase in the last 12 months.
- Two TSX tech stocks, Shopify Inc. and Celestica Inc., are identified as solid buying opportunities for growth-focused investors.
- Shopify Inc. has grown by over 5,259% since its IPO in 2015 and has the potential to deliver substantial growth as the ecommerce industry continues to grow.
- Celestica Inc. has transformed itself into an AI-powered platform and has seen immense growth since 2024, with a 588.4% increase in stock price.
- Allocating $1,000 to hold these two stocks in a retirement account for the long run can be an excellent way to maximize value.
Introduction to the Current Market
The S&P/TSX Composite Index ended 2025 on a strong note and has kept its momentum for the most part in 2026. As of the latest update, the benchmark index for the Canadian stock market is up by 30.9% in the last 12 months. When the market is experiencing a bull run, many investors look to the market for growth stocks that can still offer reasonable capital gains for their financial goals. However, it can be challenging to identify laggards that can offer further growth when the market is already near all-time highs. In such scenarios, investors can consider investing based on the potential for future growth rather than focusing on whether a stock is close to its previous all-time highs after being heavily discounted.
Shopify Inc.: A Growth Giant
Shopify Inc. is a $243.4 billion market-cap giant in the Canadian tech industry. The company provides an ecommerce platform that lets merchants of all sizes create, build, and grow an online presence. It is easily one of the most recognizable growth stocks on the TSX and has been the reason many growth-focused investors have benefited in terms of capital gains. As of the latest update, Shopify stock trades for $187.03 per share. Since its Initial Public Offering (IPO) in May 2015, it has grown by over 5,259%. This means that $1,000 invested in its IPO would be worth around $53,590 today. While investors who buy in today may not see similar gains as early investors, the stock has the potential to deliver substantial growth as the ecommerce industry continues to grow.
Celestica Inc.: A Lesser-Known Gem
Celestica Inc. is a lesser-known Canadian tech stock, but it is not one to be overlooked. The $48.6 billion market-cap company offers software-based supply chain solutions to clients worldwide. If you are looking to invest in an AI stock, Celestica might be a good pick. The company has transformed itself from being a pure-play Electronics Manufacturing Services (EMS) provider into an AI-powered platform that has been driving immense growth since 2024. As of the latest update, Celestica stock trades for $422.46 per share. It is up by 588.4% from May 2024, marking an incredible growth story. While it is still early to say with complete conviction whether the stock will sustain this kind of momentum, the company’s adjusted Earnings Per Share (EPS) increasing by over 50% from the same point last year in the previous quarter is a positive sign.
Investment Opportunities
Given the circumstances in the market, tailwinds, strong demand, and the performances of the underlying businesses, CLS stock and SHOP stock look like excellent investments to hold. Allocating even as much as $1,000 to hold these two stocks in a retirement account for the long run can be an excellent way to maximize the value that money can offer. It is essential to note that past performance is not a guarantee of future results, and investors should do their own research and consider their individual financial goals and risk tolerance before making any investment decisions.
Conclusion and Additional Recommendations
In conclusion, Shopify Inc. and Celestica Inc. are two TSX tech stocks that can be solid buying opportunities for growth-focused investors. While they have shown impressive growth in the past, it is essential to consider the potential for future growth and the underlying business performance before making any investment decisions. For those looking for more investment opportunities, The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026, which could potentially produce monster returns in the coming years. Investors can consider joining their mailing list to get instant access to these top 10 stocks and potentially maximize their returns.
