Invest Wisely: Top Canadian Stocks for Long-Term Growth in 2026

Investors looking for long-term growth opportunities may find two Canadian stocks particularly promising as they head into 2026. Aritzia Inc. and Descartes Systems Group are both well-positioned to benefit from structural trends that could drive their success in the coming years.

Aritzia: Momentum in Luxury Apparel

Aritzia (TSX:ATZ), a Vancouver-based luxury apparel retailer, has shown remarkable growth over the past year. The company’s shares have surged by more than 119%, reflecting strong demand for its products and an expanding market presence in the United States. Currently, Aritzia’s stock trades at approximately $118 per share, giving it a market capitalization of about $13.6 billion.

In the second quarter of its fiscal 2026, which concluded in August 2025, Aritzia reported sales of $812 million, marking a significant 32% year-over-year increase. The company attributed this growth to a 21.6% rise in comparable sales across all channels, particularly in the United States, where revenue spiked by nearly 41% thanks to strong e-commerce traffic and new boutique openings.

Aritzia’s improved profitability is also noteworthy. The company’s adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by 122.5% year-over-year to $122.7 million. Enhanced inventory management and better cost leverage contributed to an increase in its adjusted EBITDA margin to 15.1%.

To sustain its momentum, Aritzia plans to continue investing in boutique expansion and digital growth. The company anticipates that its fiscal 2026 revenue will fall between $3.30 billion and $3.35 billion, with expectations for further margin improvements, positioning it as a top choice for long-term investors.

Descartes Systems: A Tech Firm with Recurring Revenue

Another Canadian company to consider is Descartes Systems Group (TSX:DSG), based in Waterloo. This technology firm specializes in logistics and supply chain management, offering software solutions through a software-as-a-service model. While Descartes shares have decreased by approximately 25% over the past year, this decline presents an opportunity for long-term investors. The stock currently trades near $123 per share, with a market capitalization of around $10.6 billion.

In its third quarter of fiscal 2026, ending in October 2025, Descartes reported revenue of US$187.7 million, an 11% increase year-over-year. The majority of this revenue came from services, which grew by 16% year-over-year as customers increasingly relied on trade compliance and supply chain visibility tools. This strong performance resulted in a 24% year-over-year increase in income from operations.

Descartes continues to enhance its global logistics network through strategic acquisitions and product innovations. With a solid revenue base and increasing demand driven by the complexities of global trade, Descartes stands out as a robust candidate for investors looking to diversify their portfolios in 2026 and beyond.

In conclusion, both Aritzia and Descartes Systems Group present compelling investment opportunities for those focused on long-term growth. With their strong fundamentals and strategic initiatives, these companies could yield significant returns as they navigate the evolving market landscape.