Inside the world of Canadian progress shares, buyers have loads of choices to select from. Whether or not buyers want to play a momentum-driven rally in sure names which have already elevated by a substantial quantity (akin to these on this checklist) or are looking out for the following potential breakout stars, there’s loads of homework to be executed in figuring out the best-performing Canadian shares of tomorrow.

I’m going to take the view on this piece that these three firms (which have smashed the roughly 25% year-to-date returns of the TSX) may proceed to take action transferring ahead.

Curaleaf

One of many prime Canada-listed hashish shares I’ve on my radar proper now, Curaleaf (TSX:CURA), definitely is an fascinating decide.

As the biggest multi-state operator within the U.S., Curaleaf gives buyers seeking to acquire publicity to the U.S. hashish market an possibility to take action. Given the stagnating progress within the Canadian market and little hopes for long-term profitability amongst many gamers who got here to mild in the course of the bubble we noticed forming greater than 5 years in the past, I feel buyers searching for significant progress on this house must look south of the border.

Curaleaf is by far the most suitable choice on this regard, no less than in my opinion.

Celestica

One other prime TSX performer, Celestica (TSX:CLS), has surged greater than 260% on a year-to-date foundation.

That’s unimaginable upside, and buyers could rightly query whether or not this type of share worth appreciation can proceed indefinitely. That’s partly as a result of a lot of Celestica’s upside has been pushed by expectations that AI {hardware} demand ought to proceed to develop in perpetuity.

As a key participant within the cloud and AI {hardware} sectors, Celestica is a type of distinctive Canadian methods to play this pattern that has flown beneath the radar till just lately. I’ll have an interest to see if the momentum can proceed, however as of but I haven’t discovered a motive why this progress could gradual.

Bitfarms

Essentially the most speculative title on this checklist, Bitfarms (TSX:BITF), is a prime crypto miner which has offered buyers with a powerful year-to-date return of greater than 150% on the time of writing.

The latest crypto surge we’ve seen has reignited curiosity in firms like Bitfarms which might be engaged not solely in crypto mining, however extra just lately have expanded their purview into utilizing their compute capability for different high-growth initiatives.

In case you’re of the view that crypto miners (and the tech they’ve acquired through the years) could be seen as a multi-purpose house, Bitfarms is an intriguing decide right here. I’m not personally keen to place capital to work on this title because of the notably dangerous nature of this underlying enterprise, however to every their very own.