The TSX has not been having the best few weeks of late. As of this writing, the benchmark index for the Canadian stock market, the S&P/TSX Composite Index, is down by almost 5% from its 52-week high. The index reflects a broad pullback in the market amid the current geopolitical climate.
In times like these, many investors consider taking their money out of the markets. Foolish investors with a long investment horizon look at these periods as opportunities to buy low so they can sell high after capturing significant gains.
Are you on the hunt for the top growth stocks on the TSX right now? If you have a well-balanced portfolio and can stomach a higher degree of risk, here are three Canadian growth stocks to consider for your self-directed portfolio.
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WELL Health Technologies
WELL Health Technologies Corp. (TSX: WELL) is a $1 billion market-cap digital health giant that had a tough year of trading on the TSX in 2025, but 2026 might be the year we see a massive recovery. As of this writing, WELL Health stock trades for $4.08 per share. While it is down by around 33% from its 52-week high, the stock is up by almost 14% from its 52-week low.
The telehealth space came into the limelight during the pandemic. While social distancing restrictions are no longer a concern, the industry has cemented itself as a mainstay now. The future growth from an aging population will offer the kind of tailwinds that it might need for sustained success in the long run. I think 2026 might just be the year that WELL Health stock takes off again.
Aritzia
Aritzia Inc. (TSX: ATZ) is not a company that many people worried about the economic environment will consider kindly. Aritzia is a $12.9 billion market-cap clothing retailer headquartered in Vancouver. Despite any skepticism investors might have, the company has proven it can deliver value to shareholders. It is one of the hottest clothing-related stocks on the TSX right now.
The company has delivered strong top- and bottom-line results in recent quarters, thanks to several premium brands under its belt, driving explosive momentum for the growth stock. The company’s vertically integrated model lets it deliver consistent gains from same-store sales, even when the buying market generally isn’t strong. As of this writing, it trades for $109.73 per share. Up by over 200% from its 52-week low, the stock might still have some upside in the coming weeks.
Shopify
Shopify Inc. (TSX: SHOP) is a name that needs little introduction. The $224.2 billion market-cap giant in the e-commerce and broader tech space in Canada has been one of the top success stories for growth-seeking investors over the years. While it is far away from the heights it achieved to become the biggest stock on the TSX by market capitalization, the underlying business has not stopped growing.
Shopify is now a top-tier blue-chip stock that has made a remarkable recovery from the software-led sell-off that markets worldwide have recently experienced. Shopify has been capitalizing on Artificial Intelligence (AI) integration to improve on its offerings for merchants using its platform and end-consumers, driving more growth for shareholders. As of this writing, Shopify stock trades for $17.94. Down by 32% from its 52-week high, it trades at too large of a discount to ignore right now.
Foolish takeaway
One of the most prolific stock market investors ever recommends buying the fear, and that is exactly what it would mean to invest in growth stocks. The market is volatile and might remain so for a long time.
However, the cyclical nature of stock markets suggests a recovery is on the horizon for high-quality companies well-positioned to navigate the harsh economic environment. To this end, WELL stock, ATZ stock, and SHOP stock can be good investments to consider.
