4 TSX Growth Stocks I’d Buy for the Next Decade

These TSX growth stocks are solid investments for long-term investors seeking substantial capital appreciation over the next decade.

| More on:
Business man on stock market financial trade indicator background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more

Thanks to the recent selling, top TSX stocks have lost substantial value. While macro headwinds remain a concern, now is a perfect time to invest in stocks for the long term. Buying and holding onto top-quality TSX stocks for the next decade could result in substantial capital gains. With most TSX stocks looking attractive due to the recent selling, here are my top four picks to outperform the broader markets.  


Leasing and lending services provider goeasy (TSX:GSY) could deliver stellar returns for its shareholders over the next decade. Its wide range of products, higher loan origination, new product launches, channel and geographic expansion, and strategic acquisitions could help the company to continue to deliver double-digit revenue growth in the coming years.  

Meanwhile, sales leverage, increased penetration of secured loans, higher repayment volumes, and improving efficiency could support its margins and earnings growth. goeasy is also a Dividend Aristocrat and could continue to enhance its shareholders’ returns through dividend growth. 


Down about 80% from its peak, Shopify (TSX:SHOP)(NYSE:SHOP) is a steal at current levels. Moreover, the recent stock split brings Shopify well within investors’ reach. While near-term growth concerns could limit the recovery of Shopify, its aggressive investments in sales, marketing, fulfillment, and POS provide a solid foundation for long-term growth. 

The growing penetration of e-commerce as a percentage of overall retail sales and ongoing digital shift provides a multi-year growth opportunity for Shopify. Moreover, its partnership with leading social media companies, value-added product launches, expansion of its existing products into new markets, the rollout of new merchant solutions, and strategic acquisitions bode well for Shopify and its shareholders. 


Cargojet’s (TSX:CJT) market-leading positioning in the domestic air cargo market, its next-day delivery capabilities to most Canadian households, fuel-efficient fleet, and diversified revenue streams make me bullish on Cargojet stock. The air cargo company has delivered stellar returns in the past decade and is on track to beat the broader markets with its growth over the next decade. 

The growing e-commerce penetration and strong domestic network will likely accelerate its growth. Further, international growth opportunities, contractual arrangements with minimum revenue guarantee, retention of top customers, and the ability to pass on costs to customers are why Cargojet could deliver outsized returns over the next decade. 


Payment tech company Nuvei (TSX:NVEI)(NASDAQ:NVEI) is a solid bet to generate stellar returns in the coming years. Though its stock has trended lower this year, the momentum in its business has sustained. Moreover, management is confident of achieving stellar growth in the medium term, led by the continued shift towards the digital economy and Nuvei’s growing digital assets, crypto solutions, and increase in alternative payment options. 

Also, its growing customer base, cross-selling and up-selling of products at minimal sales and marketing costs, high retention rate, and opportunistic acquisitions will likely accelerate its growth. Nuvei will also benefit from its entry into new verticals and growing penetration of e-commerce. Further, new product launches will support its growth and recovery in its stock price. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CARGOJET INC., Nuvei Corporation, and Shopify.

More on Investing

Cogs turning against each other

Top 2 Stocks That Could Beat the Recession

Recession-resistant stocks like Dollarama (TSX:DOL) should be on your radar in 2022.

Read more »

edit Person using calculator next to charts and graphs
Dividend Stocks

The 3 Best Dividend Stocks for Monthly Passive Income

These three dividend stocks are the best options for those seeking high passive income in the next few years in…

Read more »

clock time
Dividend Stocks

Got $10,000 to Invest? 1 Cheap TSX Stock to Buy Right Now

This top TSX dividend stock is finally on sale and has made some savvy buy-and-hold investors quite rich.

Read more »

A close up image of Canadian $20 Dollar bills
Dividend Stocks

Want Monthly Passive Income? These TSX Dividend Stocks Are for You

If you want monthly passive income from TSX stocks, you have to do a little digging. I've given you a…

Read more »

Hand arranging wood block stacking as step stair with arrow up.
Bank Stocks

The Most Valuable TSX Stock Out There Is up 10% This Month!

This TSX stock is the best value stock out there, expanding even during a downturn and setting itself up from…

Read more »

ETF chart stocks
Dividend Stocks

3 International ETFs to Buy for a Diversified Portfolio

Some international markets may prove more resilient against economic downturns, and exposure to them may strengthen your portfolio during crashes…

Read more »

Payday ringed on a calendar
Dividend Stocks

TFSA Pension: 3 Canadian Dividend Stocks to Buy for Monthly Passive Income

These high-yield Canadian stocks look good to buy right now for a TFSA focused on monthly passive income.

Read more »

A worker uses a laptop inside a restaurant.
Tech Stocks

2 U.S. Stocks Canadian Investors Can Buy and Hold Forever

Blue-chip companies such as Microsoft and Coca-Cola are forever stocks that have the potential to beat the market in 2022…

Read more »