The second quarter of 2025 turned out to be a rebound interval for Canadian equities, because the S&P/TSX Composite Index gained 7.3%. From the lows round “Liberation Day” on April 2, when the Trump administration rolled out its tariff program, the benchmark climbed again to set a brand new all-time excessive. Analysts have attributed the rally to a mixture of aid that the commerce wars have been quelled on a number of fronts and robust company earnings.
The very best on-line brokers, ranked and in contrast
Celestica leads tech comeback
The expertise, supplies, and industrial sectors had been all represented within the listing of top-performing Canadian shares with market capitalization over $2 billion. Pc {hardware} maker Celestica bounced again from a six-month low of $94.08 on April 4 to regain its February excessive after which some. The inventory is anticipated to proceed capitalizing on synthetic intelligence (AI) spending by expertise giants much more than it has already.
Saskatoon-headquartered Cameco, the world’s largest publicly traded uranium miner, benefited from a 23% comeback within the worth of the radioactive mineral since mid-March. Galaxy Digital, which is predicated in New York Metropolis, operates a digital asset buying and selling platform in addition to knowledge centres. It has carried out effectively beneath Trump 2.0, particularly with the rise of stablecoins, which it points. Its rise since March has mirrored the restoration of cryptocurrency typically.
Greatest gainers on the TSX in Q2
Listed below are the remainder of the TSX’s high 10 momentum shares for Q2 2025. (Use your fingers or mouse to scroll to the suitable.)
Because the asset administration trade likes to say, previous efficiency shouldn’t be an indicator of future returns. Though Air Canada inventory had an impressive Q2, it was nonetheless down 6.06% over the primary half of the yr.
However momentum is nonetheless a confirmed consider investing. Shares which have gone up in current months have traditionally tended to maintain doing so, most of the time. Strategists differ, nonetheless, on the optimum holding interval for additional worth progress. Some say only a few months; others, a yr or extra.
As a technique, momentum investing could be complemented with different components similar to worth, progress or dividend investing—serving to guarantee traders don’t find yourself merely shopping for shares at their worth peak.
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