Best Growth Stocks in Canada This November 2025
Canadian investors are increasingly focused on growth stocks as a way to build long-term wealth. Our comprehensive analysis of TSX stocks reveals 11 top growth companies with exceptional returns and expansion strategies. From e-commerce leaders to precious metals miners, we evaluated key performance indicators including revenue growth, market positioning, and 1-year returns. Here are the best growth stocks to consider this November.
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Summary Table for Best Growth Stocks in Canada This November 2025
| Stock | Dividend | 1-Year Return | Learn More |
|---|---|---|---|
|
Shopify Inc Growth Investment |
No | 25% | Learn More |
|
Toronto-Dominion Bank (TD) Dividend Income |
3.64% | 56.72% | Learn More |
|
Toromont Industries Ltd Dividend Income |
1.25% | 39.31% | Learn More |
|
Finning International Inc Dividend Income |
1.63% | 74.26% | Learn More |
|
Waste Connections Inc Dividend Income |
0.71% | 4.5% | Learn More |
|
Capital Power Corporation (CPX) Dividend Income |
3.87% | 31.65% | Learn More |
|
Tamarack Valley Energy Ltd Dividend Income |
2.48% | 15.66% | Learn More |
|
Santacruz Silver Mining Ltd Growth Investment |
No | 637.04% | Learn More |
|
Andean Precious Metals Corp Investment |
No | 426.32% | Learn More |
|
Avino Silver & Gold Mines Ltd Investment |
No | 422.40% | Learn More |
|
Brookfield Asset Management Inc Dividend Income |
3.22% | 5.79% | Learn More |
1. Shopify Inc
Shopify is a leading e-commerce platform that empowers businesses of all sizes to create online stores and manage digital sales. With a strong global presence and innovative technology, Shopify offers entrepreneurs a comprehensive solution for digital commerce and online retail growth.
Shopify Inc
- No dividend payments anticipated
- Strong global e-commerce platform
- AI-driven technology infrastructure
- Expansive merchant support ecosystem
Pros
- Strong revenue growth projections
- Innovative e-commerce technology
- Flexible platform for businesses of all sizes
Cons
- High valuation (trades at 96x forward earnings)
- Potential market volatility
- No current dividend payments
Why is it Our Top Pick?
Shopify stands out as a top investment due to its robust growth potential in the e-commerce sector, with projected revenue growth of approximately 24% annually over the next two years. The company's innovative platform and expanding global presence position it as a leader in digital commerce technology.
2. Toronto-Dominion Bank (TD)
Toronto-Dominion Bank is a leading Canadian financial institution with a strong track record of consistent performance and dividend growth. With robust returns and a stable dividend strategy, TD Bank offers investors a reliable option in the banking sector.
Toronto-Dominion Bank (TD)
- Consistent quarterly dividend payments
- Strong 1-year return of 56.72%
- Long-term performance in Canadian banking
- Reliable income generation for investors
Pros
- High dividend yield at 3.64%
- Proven track record of returns
- Stable banking sector investment
Cons
- Potential banking sector volatility
- Sensitivity to economic changes
- Moderate growth compared to tech stocks
3. Toromont Industries Ltd
Toromont Industries is a leading Canadian equipment and power systems company serving critical industries through specialized capital equipment solutions. With a strong track record of growth and consistent dividend payments since 1968, the company offers investors a stable and reliable investment opportunity.
Toromont Industries Ltd
- World's largest Caterpillar dealer
- Serves multiple industries including mining, construction, and power systems
- Provides equipment sales, rental, parts, and service
- Operates across Canada, United States, and internationally
Pros
- Diverse industry presence
- Strong financial performance
- Experienced management team
- Consistent dividend growth
Cons
- Potential risk from cost inflation
- Slower order intake could challenge growth
- Potentially overvalued at current market price
4. Finning International Inc
Finning International is the world's largest Caterpillar dealer, delivering exceptional service and equipment solutions across multiple countries for over 90 years. With a strong market presence and diversified operations, the company offers investors a unique opportunity in the industrial equipment sector.
Finning International Inc
- World's largest Caterpillar dealer
- Serves mining, construction, petroleum, and forestry industries
- Provides equipment sales, rental, parts, and service
- Operates in Canada, Chile, UK, and Argentina
Pros
- Diversified geographic presence
- Strong industry reputation
- Positive analyst ratings
- Significant market performance
Cons
- Potential stock price volatility
- Medium investment risk
- Potential loss of 7.4% based on fair value calculations
- Dependent on industrial equipment market conditions
5. Waste Connections Inc
Waste Connections is a leading North American waste management and environmental services company, offering non-hazardous waste collection, transfer, disposal, and resource recovery services across the United States and Canada with a strong market position.
Waste Connections Inc
- Third-largest integrated waste services provider in North America
- Operates across United States and Canada
- Provides non-hazardous waste collection and disposal services
- Focuses on resource recovery and environmental solutions
Pros
- Stable waste management industry
- Diversified service offerings
- Strong market positioning
- Consistent financial performance
Cons
- Modest dividend yield
- Moderate short-term returns
- Sensitivity to economic fluctuations
- Potential regulatory challenges
6. Capital Power Corporation (CPX)
Capital Power is a growth-oriented North American power producer headquartered in Edmonton, Alberta, specializing in developing, acquiring, and operating renewable and thermal power generation facilities across Canada and the United States.
Capital Power Corporation (CPX)
- Publicly traded power generation company
- Operations in Canada and United States
- Focuses on renewable and thermal power
- Growth-oriented business strategy
Pros
- Resilient financial performance
- Diversified power generation portfolio
- Strong market positioning
- Consistent dividend growth
Cons
- Underperformed S&P/TSX Composite index YTD
- Potential regulatory risks
- Sensitivity to energy market fluctuations
- Capital-intensive industry challenges
7. Tamarack Valley Energy Ltd
Tamarack Valley Energy is a Canadian oil and gas exploration company that stands out for its strategic asset performance and positive growth guidance, delivering consistent value through responsible energy development in Western Canada.
Tamarack Valley Energy Ltd
- Exploration, development, and production of oil and natural gas
- 2025 production guidance increased to 67,000 – 69,000 boe/d
- Focused on Western Canadian energy assets
- Strategic acquisition and divestiture activities
Pros
- Positive Moving Average signals
- Upward revised production guidance
- Responsible energy development
Cons
- Volatility in oil and gas market
- Dependence on energy commodity prices
- Potential environmental regulatory challenges
8. Santacruz Silver Mining Ltd
Santacruz Silver Mining is an innovative mineral exploration company with exceptional performance, focusing on silver and base metal properties across Latin America, demonstrating remarkable returns and strategic growth potential.
Santacruz Silver Mining Ltd
- Silver, zinc, lead, and copper exploration
- Mineral properties in Mexico and Bolivia
- Listed on TSX Venture Exchange
- Strong leadership under CEO Arturo Préstamo
Pros
- High-performing silver mining stock
- Geographical diversification
- Significant recent earnings surprise
Cons
- Volatile mining sector
- No current dividend
- Smaller market capitalization
9. Andean Precious Metals Corp
Andean Precious Metals Corp is a dynamic Canadian precious metals producer with strong performance, having outperformed the Toronto Stock Exchange 300 Composite Index by over 262% in the past year. The company operates strategic mining facilities in Bolivia and California, focusing on silver and gold exploration.
Andean Precious Metals Corp
- Silver and gold exploration
- San Bartolomé processing facility in Bolivia
- Soledad Mountain mine in California
- Growing presence in Americas precious metals market
Pros
- Significant price strength
- Multiple mining locations
- Strong financial performance
- Positive analyst recommendations
Cons
- No current dividend
- Potential sensitivity to metal prices
- Relatively young company (incorporated in 2018)
10. Avino Silver & Gold Mines Ltd
Avino Silver & Gold Mines is an innovative mining company with exceptional performance, delivering a remarkable 422.40% year-to-date return and demonstrating significant potential for investors interested in precious metals exploration and production.
Avino Silver & Gold Mines Ltd
- Silver, gold, copper, and base metal exploration
- Incorporated in 1968
- Headquartered in Vancouver, Canada
- Listed on TSX and NYSE/AMERICAN
Pros
- Strong financial fundamentals
- High return potential
- Significant price appreciation
- Multiple stock exchange listings
Cons
- High sensitivity to silver prices
- No dividend payment
- Execution challenges
- Premium valuation risks
11. Brookfield Asset Management Inc
Brookfield Asset Management is a leading global investment firm specializing in alternative asset management across renewable energy, infrastructure, and real estate. With a commitment to delivering long-term annualized returns of 15%+ to shareholders, the company stands out for its disciplined investment approach and global operational expertise.
Brookfield Asset Management Inc
- Private equity firm specializing in acquisitions and growth capital investments
- Focuses on renewable energy, infrastructure, and commercial property assets
- Globally diversified investment portfolio
- Ownership interest in alternative asset management services
Pros
- Diversified investment portfolio
- Long-term wealth creation strategy
- Disciplined investment approach
- Deep operational expertise
- Proven ability to unlock asset potential
Cons
- Relatively low current dividend yield
- Complex corporate structure (recent name change and spinoff)
- Dependent on global economic conditions
- Potential volatility in alternative asset markets
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best Growth Stocks in Canada This November 2025
What are the top 5 growth stocks in Canada for November 2025?
Shopify Inc, Toronto-Dominion Bank (TD), Toromont Industries Ltd, Finning International Inc, and Waste Connections Inc are currently leading the Canadian growth stock market.
How can Canadian investors identify the most promising growth stocks this November?
Analyze key performance indicators like revenue growth, market capitalization, and sector performance, with a focus on tech, banking, and industrial sectors.
Which Canadian growth stocks have shown the most consistent performance in 2025?
Shopify Inc and Toronto-Dominion Bank have demonstrated the most resilient and attractive growth potential for Canadian investors this November.
What investment strategies work best for Canadian growth stocks in 2025?
Diversifying across sectors, monitoring quarterly earnings, and focusing on companies with strong digital transformation and infrastructure potential can maximize growth stock returns.
How much should a Canadian investor typically allocate to growth stocks this November?
Financial experts recommend allocating 15-25% of your investment portfolio to growth stocks, depending on individual risk tolerance and financial goals.