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3 Canadian Growth Stocks To Own In September 2026

Simply Wall St · 1d ago

With the U.S. Federal Reserve signaling more interest rate hikes to tackle inflation, expensive borrowing is putting pressure on weaker balance sheets worldwide. That kind of backdrop often rewards Canadian businesses that already look financially solid yet are still expected to grow earnings quickly. This article highlights three stocks from a high growth, financially healthy Canadian screener that could appeal to investors seeking growth without ignoring resilience.

The three Canadian stocks below are just a starting sample, while the full screen surfaced 55 more companies with similarly strong growth expectations and financial profiles that are not covered here.

If you want to go straight to the source and identify your own highest conviction ideas, head into the Healthy high growth potential screener.

Cameco (TSX:CCO)

Cameco is a key player for this Healthy high growth potential screen because its uranium operations link directly to nuclear power demand, while the broader fuel services and Westinghouse businesses keep it plugged into the full reactor fuel cycle.

Cameco generates most of its income from uranium, with about CA$2.9b from the Uranium segment, CA$551 million from Fuel Services and roughly CA$3.4b from Westinghouse, and the stock carries a market value of about CA$58b.

"Cameco could be affected by changes in global nuclear construction activity, government policy support, net-zero emission mandates, and energy security considerations, all of which may influence demand for uranium and nuclear fuel and, in turn, the company’s long-term revenue profile."

For investors in Cameco, one key consideration is how less visible supply side pressures may ultimately influence pricing power and earnings resilience.

Pricing power is only half the story, and the full narrative for Cameco shows how Cameco’s broader fuel cycle footprint could amplify or soften that earnings swing.

TSX:CCO Earnings & Revenue Growth as at Sep 2026
TSX:CCO Earnings & Revenue Growth as at Sep 2026

MDA Space (TSX:MDA)

MDA Space leans into the Healthy high growth potential theme through its satellite communications and space robotics platforms, especially AURORA and Canadarm3/MDA SKYMAKER, while still running a broader franchise across geointelligence, defense systems, and Earth observation services.

MDA Space generates about CA$1.9b in revenue from its combined Geointelligence, Robotics & Space Operations and Satellite System segment, and the stock is valued at roughly CA$7.1b, giving investors exposure to a sizeable pure-play space infrastructure business.

For this screener, MDA Space matters because its long-term contracts link high growth satellite demand with a balance sheet that still passes basic financial health checks, giving you targeted exposure to space infrastructure without ignoring resilience.

"The ramp-up of large LEO constellation contracts, including the landmark $1.8 billion EchoStar direct-to-device satellite order with options to expand, and multiple pipeline opportunities in broadband, defense, and IoT, is expected to drive robust multi-year revenue growth as global demand for satellite connectivity accelerates."

What happens to that earnings path if one quiet pressure on MDA Space’s profitability shifts just as these contracts move from backlog to delivery?

If that quiet pressure matters to you, read the full narrative for MDA Space to see how MDA Space’s contract momentum and capital needs could be accelerating or quietly decoupling.

TSX:MDA Earnings & Revenue Growth as at Sep 2026
TSX:MDA Earnings & Revenue Growth as at Sep 2026

Energy Fuels (TSX:EFR)

Energy Fuels is a uranium and rare earth producer where the uranium mining and production arm ties it directly to the Healthy high growth potential theme. The business generated about US$106 million from uranium and carries a market value near CA$4.3b.

Energy Fuels slots into this screener as a growth-driven uranium producer whose earnings potential is closely linked to higher nuclear fuel demand and an expanding critical minerals footprint.

"Completion and commissioning of the White Mesa Mill rare earth separation Phase 2 expansion (potentially increasing monazite processing to 60,000 tonnes/year and enabling commercial-scale heavy rare earth production such as Dy/Tb) could establish Energy Fuels as a major western supplier, capturing price premiums driven by western supply chain security and increasing electrification demand, supporting revenue and margin upside over the long term."

What happens to that earnings story if one still unresolved pressure on costs and contract pricing shifts just as volumes scale up?

If that shift is on your mind, the full narrative for Energy Fuels shows how Energy Fuels’ rare earth build-out, contract structure and cost base could be accelerating or quietly stalling.

TSX:EFR Earnings & Revenue Growth as at Sep 2026
TSX:EFR Earnings & Revenue Growth as at Sep 2026

Curious About What You Might Be Missing?

Fresh ideas move first. Late money often focuses on what has already broken out, while early research identifies momentum before it becomes widely noticed. Explore these curated lists to find ideas that match your process.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.