When it comes to long-term investing, spotting high-quality Canadian growth stocks before they go on a major run can offer some of the best opportunities to earn significant returns. And while there are always risks to investing, the key is finding companies with strong business models, consistent execution, and plenty of potential to expand in the years ahead.
Growth stocks aren’t always cheap, and when they are, they usually don’t stay that way for long. However, if you can find one trading at an attractive price, you’ll want to act fast.
So, if you’re looking for some of the best opportunities on the TSX today, here are two Canadian growth stocks that are well-positioned to rally in 2025.
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One of the best long-term investments on the TSX today
When looking for some of the top stocks to buy and hold long term, often your best bet will be to find companies with a lengthy track record of consistent growth. That’s why one of the best stocks on the market is Alimentation Couche-Tard (TSX:ATD).
Couche-Tard has long been one of the best Canadian growth stocks, and although its shares have performed well for years, there’s still plenty of upside going forward.
The stock operates a global network of convenience stores and fuel stations under several banners. While the gas station side of the business is slow-growing and highly competitive, Couche-Tard’s retail segment continues to have significant long-term growth potential.
The company has been expanding rapidly for years, both through organic growth and strategic acquisitions. In fact, it’s made several key acquisitions over the past few years that have expanded its footprint in Europe and the U.S. while also improving the overall efficiency of its operations. Furthermore, it’s currently in the midst of another significant acquisition as it looks to buy the Japanese company that owns 7-Eleven.
Couche-Tard has completed several of these acquisitions over the years, which helps give it a tonne of scale and significant competitive advantages over smaller mom-and-pop shop convenience stores. That’s one of the main reasons why it’s been one of the best Canadian growth stocks to buy and hold for the long haul.
Plus, in addition to the constant acquisitions it makes, in recent years, Couche-Tard has also increased its focus on generating organic growth to not only drive revenue higher but also to improve customer loyalty.
For example, the stock is actively investing in next-generation convenience store experiences, digital initiatives, and food service offerings to drive higher margins and customer engagement.
Therefore, with significant growth potential on the horizon for Couche-Tard and a reasonable forward price-to-earnings ratio of just 17.1 times, there’s no question that it’s one of the best Canadian growth stocks to buy in 2025.
A high-potential Canadian stock with massive growth potential
Although finding a well-established company like Couche-Tard is one of the best ways to invest in Canadian growth stocks, another high-quality strategy is to find smaller, lesser-known companies that have yet to reach their full potential.
That’s why one of the best Canadian growth stocks to buy right now is VerticalScope Holdings (TSX:FORA).
With a market cap of just $100 million, VerticalScope continues to fly under the radar despite being one of the most intriguing Canadian growth stories.
The company operates a portfolio of digital communities and content sites that serve hyper-focused interest groups, ranging from automotive and outdoor hobbies to home improvement and technology.
What makes it such a compelling investment is its capital-light, scalable business model. By acquiring and optimizing these niche communities, it can drive more traffic, boost monetization, and increase operating leverage.
In 2024, VerticalScope showed promising signs, posting double-digit gains in both revenue and adjusted earnings before interest, taxes, depreciation, and amortization. However, despite this progress, shares have sold off sharply in early 2025, hitting a new 52-week low as weaker traffic trends and macro headwinds weigh on sentiment.
These near-term headwinds may keep the stock under pressure, but VerticalScope’s strong balance sheet, undervaluation, and highly targeted niche communities give it a solid foundation for recovery once macro conditions begin to improve.
So, if you’re an investor willing to take on some risk, the upside could be massive if this Canadian growth stock eventually bounces back.
