The Canadian fairness market has proven resilience regardless of ongoing geopolitical tensions and trade-related uncertainties. Over the previous 12 months, TSX shares have delivered sturdy features, with the S&P/TSX Composite Index persevering with its upward trajectory. This momentum has been supported by a low-interest-rate setting, resilient shopper spending, a powerful rally in primary supplies, and rising investor enthusiasm round synthetic intelligence (AI).
Waiting for 2026, these circumstances are more likely to stay broadly supportive, significantly if rates of interest keep decrease for longer. As well as, a number of Canadian corporations stand to learn from sector-specific tailwinds that would additional improve returns.
Inside this context, listed below are my high shares to purchase for 2026. These essentially sturdy corporations are experiencing strong demand and are well-positioned to ship important returns in the long term.
My high shares: Celestica
Celestica (TSX:CLS) is a high TSX inventory to purchase for 2026 and past, supported by its rising position in information centre infrastructure and superior know-how options. The corporate is benefiting from sustained world spending on AI, cloud, and hybrid cloud infrastructure, which continues to speed up.
A key driver of Celestica’s momentum is its publicity to high-growth markets, significantly AI-focused information centres. Demand for its {Hardware} Platform Options (HPS) has been steadily shifting its enterprise towards extra advanced, higher-value engagements. These tasks rely closely on Celestica’s design experience and shut collaboration with prospects, strengthening relationships whereas enhancing margins.
Operationally, rising manufacturing volumes are enhancing working leverage throughout Celestica’s world footprint. Ongoing investments in productiveness and effectivity are enhancing profitability, whereas the corporate’s diversified manufacturing and provide chain community gives resilience amid geopolitical and commerce uncertainty. North America stays a very sturdy area, prompting continued growth in Texas to assist large-scale manufacturing of superior AI racks for hyperscale prospects.
Inside its Connectivity & Cloud Options (CCS) phase, Celestica is experiencing strong demand for information heart networking gear, supported by a number of 800G program ramps and new AI-driven workloads from hyperscalers.
Trying forward, administration’s 2026 outlook requires income of roughly $16 billion and adjusted earnings per share of $8.20, representing sturdy double-digit progress. With buyer funding in AI infrastructure anticipated to increase into 2027, Celestica’s long-term progress trajectory seems each sturdy and compelling for traders looking for publicity to the subsequent part of information centre and AI growth.
My high shares: 5N Plus
5N Plus (TSX:VNP) is one other compelling TSX inventory to purchase for 2026. The corporate is witnessing sturdy demand from a number of quickly increasing industries, which positions it effectively to ship stable monetary outcomes and, in flip, assist its share value.
5N Plus makes a speciality of superior semiconductors and high-performance supplies. These extremely specialised merchandise are important inputs throughout a various vary of finish markets, together with renewable vitality infrastructure, area and satellite tv for pc programs, prescription drugs, medical imaging, and industrial functions. As world funding in clear vitality, area know-how, and superior healthcare continues to rise, demand for the corporate’s supplies is predicted to develop.
This beneficial demand setting is already being mirrored within the inventory’s efficiency, with shares posting significant features. Importantly, the expansion outlook suggests there’s nonetheless room for additional upside via 2026. A key driver has been the Specialty Semiconductors phase, the place demand from terrestrial renewable vitality tasks and space-based solar energy functions stays sturdy.
The corporate has additionally expanded a provide settlement with a serious strategic buyer, a growth that’s anticipated to materially improve cargo volumes over the subsequent a number of years. As well as, 5N Plus continues to learn from a sturdy pipeline of area energy tasks.
General, 5N Plus is a horny inventory to purchase and maintain for 2026 and past.
