Canada is positioned to be at the forefront of tech-driven growth in 2026. In addition to the federal government’s Pan-Canadian AI strategy, American tech titans, including Microsoft, plan to invest billions of dollars next year to expand the country’s artificial intelligence infrastructure.
Regarding investment opportunities, three TSX-listed companies deeply involved in the AI space are the best Canadian AI stocks to buy now.
Source: Getty Images
AI-Infused supply chain platform
Kinaxis’s (TSX:KXS) main offering is Maestro, an AI-powered, end-to-end supply chain orchestration platform. The $4.8 billion software company, through Maestro, leverages AI and Machine Learning (ML) to aid businesses in enhancing their supply chain efficiency while mitigating disruptions.
According to Bob Courteau, interim CEO at Kinaxis, the company’s AI-powered orchestration message was well received by new global brands and business partners. The recent launch of the initial Maestro Agents will create new revenue streams for Kinaxis.
The business thrives, as evidenced by the 150% year-over-year profit jump in Q3 2025 to US$16.8 million. At the quarter’s end, Courteau said, “We will be rolling out additional capabilities in the coming months, reflecting a strong AI product pipeline.” As of this writing, KXS trades at $174.59 per share.
AI-driven learning platform
Docebo (TSX:DCBO) boasts an AI-powered Learning Management System (LMS) platform that aims to revolutionize employee training with automation, personalization, and streamlined content. DCBO trades at $30.20 per share. Market analysts recommend a buy rating, with a 12-month average price target of $49.78 (+65% potential upside).
In Q3 2025, total revenue and net income increased 11.2% and 23.2% year-over-year, respectively, to US$61.6 million and US$6.1 million. Its President and CEO, Alessio Artuffo, said, “Our business continues to show steady progress, supported by stronger systems integrator partnerships.” He also notes Docebo’s growing presence in the federal and State, Local, and Education (SLED) government contracting sector in the U.S.
The $870.4 million educational technology company is set to launch generative AI innovations using Retrieval Augmented Generation (RAG). RAG is an emerging technology in natural language processing.
Information management for AI
OpenText (TSX:OTEX) excels in Enterprise Information Management (EIM) and data management. The $11.5 billion company developed OpenText Magellan. The flexible AI and analytics platform combines natural language processing and ML with advanced and predictive self-service analytics and business intelligence.
Magellan can handle massive amounts of structured and unstructured data, whether Big Data or Big Content. In Q1 fiscal 2026 (three months ending September 30, 2025), GAAP-based net income rose 73.8% to $147 million compared to Q1 fiscal 2025. Notably, free cash flow (FCF) reached $101 million during the quarter.
Its Executive Chairman and Chief Strategy Officer, P. Thomas Jenkins, said, “OpenText continues to advance its strategy to enhance shareholder value by growing revenue in its core Information Management for AI business.”
OTEX is a dividend payer. At $45.97 per share, the dividend yield is 3.3%. You can earn in two ways: dividend income and price appreciation.
Decisive advantage
Kinaxis, Docebo, and OpenText have built a decisive competitive advantage by integrating AI into their core business models. Given the AI exuberance and inflow of foreign and domestic capital, expect these tech stocks to outperform in 2026.
