Regardless of trade-related considerations and macroeconomic uncertainty, a number of high-quality Canadian shares posted spectacular positive aspects final month. Whereas these shares have gained considerably in a brief span, their sturdy enterprise fashions, sturdy fundamentals, resilient demand, and strong execution place them properly to outperform the broader fairness market by a large margin in 2026 and past.
With this background, listed here are two TSX shares which can be nonetheless wonderful buys for 2026.
TSX inventory for 2026 #1: MDA Area
MDA Area (TSX:MDA) has began 2026 with spectacular momentum. The inventory surged greater than 44% in January, reflecting renewed investor confidence and its rising share within the quickly increasing area economic system. Even after this sharp rally, MDA Area stays a compelling funding for 2026 and for the long run.
MDA Area’s expertise and options allow next-generation area infrastructure. The corporate supplies superior satellite tv for pc techniques, area robotics, and geointelligence options that help each industrial and authorities clients. Its applied sciences help space-based communications networks and Earth statement platforms — areas which can be turning into more and more vital to international connectivity and nationwide safety.
The broader trade backdrop is very supportive for this area expertise firm. The worldwide area economic system continues to develop at an accelerating tempo, pushed by rising demand for satellite tv for pc broadband, defence-related capabilities, and data-rich Earth statement companies. Governments are prioritizing area as a strategic area, whereas private-sector gamers are investing closely in satellite tv for pc constellations and infrastructure to help all the pieces from telecommunications to local weather monitoring. MDA Area is well-positioned inside this ecosystem.
Additional, MDA Area’s strong order backlog supplies income visibility, whereas a strong steadiness sheet presents the flexibleness to put money into innovation and scale operations as demand grows. General, its technological management, sturdy trade tailwinds, and monetary resilience create a strong basis for sustained development.
TSX inventory for 2026 #2: Vitality Fuels
Vitality Fuels (TSX:EFR) inventory soared over 53% final month. Regardless of the rally, the inventory stays a purchase for 2026 and a strong funding for long-term traders. It is likely one of the main producers of uranium and uncommon earth parts. It additionally presents different important supplies. This diversified publicity positions the corporate to learn from important demand tailwinds led by decarbonization, electrification, and nationwide power safety.
Additional, as governments prioritize safe home provide chains, corporations like Vitality Fuels stand to learn.
Uranium stays a key driver of the funding case. Demand for domestically produced uranium stays strong, supporting beneficial pricing situations. Vitality Fuels’s low-cost manufacturing profile is already translating into rising revenues and wholesome money margins. As the corporate continues to enhance operational effectivity and handle prices, gross margins are anticipated to develop additional, strengthening profitability over time.
Past uranium, Vitality Fuels is steadily increasing its uncommon earth parts enterprise. It is likely one of the largest absolutely built-in rare-earth producers exterior China, with capabilities that span oxides, metals, and alloys. This technique aligns properly with the rising demand for uncommon earths in clear power applied sciences and superior manufacturing. As well as, the corporate’s proposed acquisition of Australian Strategic Supplies might additional speed up this development and strengthen its aggressive place in international provide chains.
As Vitality Fuels ramps up its uranium initiatives and advances its rare-earth and heavy-mineral-sands initiatives, the corporate seems well-positioned to ship strong returns.
