The most effective inventory to have in your portfolio was knowledge centre operator Bitfarms Ltd., with an eye-popping 247.8% return over the 90 days to September 30, adopted by hashish producer Curaleaf Holdings Inc. (233%) and uranium miner Vitality Fuels Inc. (171.5%).
The 213-member S&P/TSX Composite—the usual index of Canadian shares—gained 11.8% over the interval. Its complete return, together with dividends, was 12.5%. These numbers in contrast favourably with the S&P 500 within the U.S., which returned 7.8% (8.1% complete return) in Q3.
Of the 296 mid- to large-capitalization shares in Canada (with a market worth of $2 billion or extra), the standouts included expertise, hashish, uranium, quick trend, and gold firms—the area of risk-takers. One of many prime 10 performers (listed under), Cresco Labs Inc., began the quarter as a penny inventory.
Canada’s greatest dividend shares
Bitfarms has benefited recently from good points within the worth of bitcoin, which it “mines,” and demand for knowledge centres as a result of synthetic intelligence (AI) growth. The Toronto-headquartered firm’s second-quarter income was up 87% yr over yr.
Curaleaf, which relies in Wakefield, Mass., joined the S&P/TSX Composite in September, turning into the one hashish producer on the index. Inclusion in a significant index often boosts an organization’s inventory worth as index funds are pressured so as to add it to their portfolios. Curaleaf has additionally been buoyed by social media posts by U.S. President Donald Trump apparently in favour of wider hashish legalization and Medicare funding for medical purposes.
Lakewood, Colo.-based Vitality Fuels’ progress has been pushed by rising uranium costs and the Trump administration’s dedication to spice up nuclear power use and provide chains in the US. The corporate additionally has a sideline in uncommon earth parts, a market at the moment dominated by China however wherein the U.S. seeks to develop its personal provides.
Listed here are Canada’s prime 10 greatest performing mid- to large-cap momentum shares for Q3 2025:
A sizzling streak in a single three-month interval isn’t any assure of continued good points, particularly for smaller or unprofitable firms in unstable industries. However momentum has been demonstrated to be a constructive think about investing, as a rule. There isn’t a consensus on the optimum holding interval for additional worth progress, although. Some buyers say only a few months; others, a yr or extra.
Momentum investing might be complemented with different elements reminiscent of worth, progress, or dividend investing, serving to guarantee buyers don’t find yourself merely shopping for shares at excessive costs, solely to see them fall thereafter.
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