Canadian buyers have had so much to digest currently. Gross Home Product (GDP) progress got here in at 0.5% for the primary quarter, higher than anticipated however nonetheless leaving questions on what lies forward. Inflation eased barely to 2.8%, and the Financial institution of Canada is holding charges regular at 2.75% for now.
In the meantime, commerce tensions and cautious shopper spending are including to the uncertainty. With all of this within the combine, it’s no marvel many are in search of stable progress alternatives that don’t break the financial institution. That’s the place three TSX tech shares come into play.
Every of those shares is accessible to most buyers. However extra importantly, every additionally delivered stable current outcomes and presents publicity to essential long-term developments. For these wanting so as to add tech to a portfolio with out chasing high-flying U.S. names, these homegrown picks are value a better look.
Shopify
Shopify (TSX:SHOP) stays Canada’s tech big. Its inventory has dipped in current months, however that’s created a possible entry level. In its most up-to-date quarter, Shopify reported income of US$1.86 billion, up 23% from the yr earlier than. Adjusted earnings got here in at US$0.27 per share, beating expectations.
Shopify continues to develop throughout worldwide markets, increase its service provider base, and enhance its funds and achievement community. With improvements in synthetic intelligence (AI) and embedded finance additionally within the works, the corporate stays a long-term progress story. At about $145 per share at writing, it’s properly inside attain for these seeking to begin a place.
WELL
WELL Well being Applied sciences (TSX:WELL) has carved out a singular place in Canadian tech. Its focus is on digitizing healthcare — one thing the nation has wanted for a very long time. WELL runs main care clinics, presents digital visits, and supplies software program instruments for medical professionals.
Within the first quarter of 2025, it posted income of $294 million, a 32% enhance from the identical time final yr. Adjusted earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) had been $34.7 million, and the corporate reaffirmed full-year steerage of as much as $1.4 billion in income. WELL additionally made a key acquisition in Alberta to develop its presence in Western Canada. Its inventory trades underneath $5, making it a compelling progress possibility for lower than the price of lunch for 2.
Descartes
Descartes Techniques Group (TSX:DSG) is the quiet achiever on this checklist. Based mostly in Waterloo, it supplies logistics and provide chain software program to firms world wide. In its newest earnings report, Descartes posted income of $161.5 million, up 12% yr over yr. Adjusted EBITDA was $72.2 million, exhibiting off a margin of round 45%.
Web earnings got here in at $0.41 per share. Whereas that missed some estimates, the corporate stays debt-free and had over $175 million in money at quarter’s finish. It’s concentrating on annual EBITDA progress of 10% to fifteen%, which makes it a stable wager for regular efficiency.
Backside line
Every firm comes with its personal set of dangers. Shopify nonetheless must ship constant revenue whereas persevering with to speculate. WELL is rising shortly by way of acquisitions, which at all times requires cautious execution. And Descartes’s excessive margins and secure earnings might face occasional hiccups as markets shift. However general, the steadiness of danger and reward appears to be like beneficial for all three Canadian shares, particularly at present costs.
In a yr crammed with uncertainty, Canadian buyers have purpose to remain cautious, but in addition causes to remain invested. These three tech shares mix accessibility, current efficiency, and long-term progress potential. And every presents a option to take part in tech’s upside with out overextending your price range. For these constructing towards the longer term, they’re a wise place to start out.
