Following a weaker efficiency final week, the S&P/TSX Composite Index rebounded sharply to succeed in a brand new all-time excessive yesterday. Over the primary three buying and selling days of this week, the index has gained 3.1%, extending its year-to-date improve to 24.7%. The decision of the federal government shutdown in the USA and rising expectations of additional rate of interest cuts by the Financial institution of Canada—pushed by indicators of weak point within the nation’s manufacturing sector—have lifted investor sentiment and fueled the rally in Canadian equities. In opposition to this optimistic backdrop, I consider the next three prime Canadian shares supply wonderful shopping for alternatives.

Celestica

Though Celestica (TSX:CLS) has already delivered a formidable return of over 250% this 12 months, I consider its upward momentum might proceed. With the rising adoption of synthetic intelligence (AI), hyperscalers are ramping up investments in large-scale knowledge centre infrastructure to fulfill the surging demand for computing energy, thereby increasing Celestica’s addressable market. In the meantime, the Toronto-based firm continues to broaden its product portfolio by launching new and revolutionary options to deal with the evolving wants of its prospects.

Constructing on its sturdy third-quarter efficiency and enhancing progress outlook, Celestica’s administration has raised its 2025 steering and issued an optimistic outlook for 2026. The revised 2025 steering initiatives a 26.4% improve in income and a 52.1% rise in adjusted earnings per share (EPS). Moreover, the corporate expects to generate roughly $425 million in free money stream this 12 months. Wanting forward, its 2026 steering suggests income progress of 65.8% and adjusted EPS progress of 111.3% in comparison with 2024 ranges. Regardless of these strong progress prospects, Celestica at the moment trades at simply 2.5 occasions analysts’ projected gross sales for the subsequent 4 quarters, making it a pretty shopping for alternative.

Dollarama

Second on my record is Dollarama (TSX:DOL), a defensive inventory with a tilt in the direction of progress. The low cost retailer has adopted a superior direct sourcing mannequin, eliminating intermediatory bills and driving its bargaining energy. Moreover, its streamlined logistics have diminished its bills, enabling it to supply a variety of shopper merchandise at aggressive costs. Supported by its compelling choices, the corporate maintains wholesome same-store gross sales even in a difficult macroeconomic surroundings.

Furthermore, Dollarama continues to broaden its presence, aiming to extend its retailer rely to 2,200 in Canada and 700 in Australia by the tip of fiscal 2034. In the meantime, its subsidiary, Dollarcity, can be rising its footprint throughout Latin America, with plans to broaden its retailer community from 658 to 1,050 areas by the tip of fiscal 2031. Moreover, Dollarama holds an choice to boost its possession stake in Dollarcity from 60.1% to 70% by 2027. These strategic enlargement initiatives can strengthen Dollarama’s monetary efficiency within the years forward, doubtlessly driving additional progress in its inventory value.

Enbridge

My remaining decide is Enbridge (TSX:ENB), a number one dividend inventory recognized for its secure, contracted enterprise mannequin, constant dividend progress, and enticing yield. The corporate transports oil and pure gasoline underneath a tolling framework and long-term take-or-pay contracts, whereas additionally working a extremely regulated pure gasoline utility enterprise. As well as, Enbridge owns 41 renewable vitality belongings and sells the electrical energy generated by long-term power-purchase agreements.

Due to this fact, the Calgary-based firm’s financials are much less susceptible to financial cycles and market volatility, thereby producing secure and predictable money flows which have allowed it to boost dividends persistently. It has persistently raised its dividend at an annual progress fee of 9% since 1995 and now gives an interesting ahead yield of 5.52%.

Furthermore, Enbridge added $3 billion value of initiatives within the not too long ago reported third quarter, rising its secured capital backlog to $35 billion. The corporate plans to speculate between $9 billion and $10 billion yearly to fund these initiatives, thereby increasing its asset base and enhancing its monetary efficiency. Backed by these progress initiatives, administration expects to return between $40 billion and $45 billion to shareholders over the subsequent 5 years, making Enbridge a pretty long-term funding.