Because the TSX Composite Index is about to conclude one other 12 months with strong positive aspects, Canadian development shares backed by actual numbers are again in focus. Canada presents a mixture of know-how, sources, and innovation that continues to draw world traders as many growth-oriented corporations are turning demand into sturdy outcomes. On this article, I’ll stroll by way of three prime Canadian development shares to purchase and maintain and clarify what’s driving every one.
MDA House inventory
For traders in search of prime development shares with sustained development potential, MDA House (TSX:MDA) could possibly be value contemplating proper now. It operates throughout satellite tv for pc techniques, robotics and house operations, and geo-intelligence segments.
After rallying by practically 320% during the last three years, MDA inventory is at present buying and selling at $26.89 per share with a market cap of about $3.4 billion.
Within the September 2025 quarter, the corporate’s income surged 45% YoY (year-over-year) to $409.8 million, backed by greater volumes in satellite tv for pc techniques and robotics packages. Equally, its adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) for the quarter jumped 49% YoY to $82.8 million, whereas margins held sturdy close to 20%. MDA’s large backlog of $4.4 billion continues to supply sturdy income visibility past 2025.
Long run, MDA House is predicted to profit from main packages akin to Telesat Lightspeed, Globalstar’s next-generation low Earth orbit constellation, and government-backed radar and army satellite tv for pc initiatives. These components will help the share value of this growth-oriented agency proceed hovering.
IAMGOLD inventory
Shifting from know-how to sources, IAMGOLD (TSX:IMG) might add a unique layer of development to your portfolio, making it one other prime Canadian development inventory to purchase and maintain. Based mostly in Toronto, it’s a gold producer with operations in Canada and West Africa.
Following a 550% rally within the final three years, IMG inventory is now buying and selling at $22.58 per share with a market cap of roughly $13.4 billion. Whereas dividends will not be its predominant attraction, the inventory continues to point out sturdy momentum.
This development inventory’s latest efficiency has been supported by enhancing operations and rallying gold costs. Within the third quarter, the gold miner’s income climbed 61% YoY to $706.7 million, whereas its adjusted EBITDA soared by 62% YoY to $359.5 million. The ramp-up of its Côté Gold mine performed a key function in driving these outcomes.
Over the longer run, IAMGOLD is targeted on strengthening its stability sheet and increasing high-quality belongings. Debt discount, enhancing margins, and manufacturing development at core tasks make this Canadian development inventory much more engaging for holding for the long term.
BlackBerry inventory
Wrapping up the record, BlackBerry (TSX:BB) can deliver a turnaround-driven angle to those prime Canadian development shares to purchase and maintain. In brief, this Waterloo-based tech agency primarily offers safe software program and embedded techniques by way of its QNX, safe communications, and licensing segments. BB inventory at present trades at $5.31 per share with a market cap of about $3.1 billion.
Though the inventory hasn’t seen a lot appreciation currently, its monetary outcomes present constant enchancment beneath the floor. Within the third quarter of its fiscal 12 months 2026 (three months led to November 2025), BlackBerry’s gross sales reached $141.8 million, beating steering. Its QNX division delivered its highest income quarter ever, whereas the safe communications section exceeded each income and adjusted EBITDA expectations. Consequently, the corporate delivered its third straight worthwhile quarter and generated $17.9 million in working money movement.
From a long-term view, BlackBerry’s development story is tied to rising QNX adoption throughout automotive and adjoining industries, together with recurring authorities and enterprise demand for safe communications. Total, enhancing profitability and money movement self-discipline proceed to strengthen its place as among the finest development shares to purchase in Canada immediately and maintain for years to come back.
