Top Canadian Tech Stocks in 2025

Before you start investing in the tech sector, though, it’s important to figure out which stocks are considered the top stocks for the best investment options. Let’s take a look at some of these stocks and which ones are considered to be the top investments in 2025. 

Favourite Stocks for 2025

In Canada, there are plenty of tech stocks that are considered great investments for Canadian investors. Some have been around for the past decade and even longer, while others are fairly new. Here are the top stock picks for 2025. 

Constellation Software Inc. (CSU)

Constellation Software is a Canadian tech company that is headquartered in Toronto and listed on the Toronto Stock Exchange. They’re a provider of software and services to certain public and private sector markets. Their software is designed to meet the needs of their customers. Here are the current stats for this stock. 

Previous Close	4,949.89
Volume	31,201
Market Cap	103.559 B
PE Ratio	124.98
Forward Dividend and Yield	5.76 (0.12%)
Annual Dividend Yield	0.112%

Shopify Inc. Class A Subordinate Voting Shares (SHOP)

Shopify is a Canadian e-commerce company that is headquartered in Ontario, Ottawa specifically. It’s specifically an e-commerce platform for point-of-sale systems and online stores. It was founded in 2006 and has continued to grow every year since. It’s a popular stock choice due to its consistent revenue growth. Here are the current stock specifics. 

Previous Close	$181.67
Volume	2,404,697
Market Cap	213,348,647,686
PE Ratio	82.57
Forward Dividend and Yield	—
Annual Dividend Yield	—-

Topicus.com Inc (TOI)

Topicus.com is a provider of vertical market software and platforms for both the public and private sectors. They’re known for acquiring different software software companies and addressing the specific needs of their customers with the software. They’re a bit of a newer corporation that was founded in 2020. Here are the specifics of their market shares. 

Previous Close	$146.00
Volume	66.001
Market Cap	11,778,335,503
PE Ratio	139.03
Forward Dividend and Yield	—
Annual Dividend Yield	—

Tucows Inc. (TC)

Like the other stocks mentioned, Tucows is headquartered in Toronto, Ontario. However, it’s an American-Canadian publicly traded company made up of three different companies that offer high-demand connectivity: Tucows Domains, Ting Internet, and Wavelo. It was originally founded in 1993 as a shareware and freeware download site. Here are the stats of the shares. 

Previous Close	$28.20
Volume	2,200
Market Cap	298,961,981
PE Ratio	-
Forward Dividend and Yield	-
Annual Dividend Yield	-

Apple CDR (CAD Hedged) (AAPL)

Another top Canadian stock is Apple. While Apple is based in the US, it sells and repairs electronic devices around the world. They create all sorts of electronic devices and have different software options. When it comes to stocks, there are many different options for Apple, but here are the stats for one of the Canadian stocks.

Previous Close	$35.71
Volume	59,466
Market Cap	5,267,175,079,667
PE Ratio	39.08
Distribution	0.036
Dividend Yield	0.408%

Celestica Inc. (CLS)

Celestica is a Canadian company that was founded in Toronto in 1994. While they also operate in the states, they specialize in hardware platforms and supply chain electronics. Here are the stats for their Canadian stock. 

Previous Close	$187.31
Volume	1,077,307
Market Cap	20,563,562,752
PE Ratio	41.62
Distribution	-
Dividend Yield	-

Telesat Corporation Common and Variable (TSAT)

The Telesat Corporation was founded in 2020 and is headquartered in Ottawa, Ontario. They’re a satellite telecommunications company that offers critical communications to different telecom customers globally, including broadcasters, enterprises and consultants. They also provide advanced teleport solutions and have a global satellite fleet. Here are the stats for their stock. 

Previous Close	$29.37
Volume	5,117
Market Cap	393,254,680
PE Ratio	9,63
Distribution	-
Dividend Yield	-

TECSYS Inc. (TCS)

As another Canadian company, TECSYS has been around since 1983 and is headquartered in Montreal, Canada. They’re a software company that primarily deals with the healthcare system, however, they also deal with retail and general wholesale distribution industries. They offer industry leading services  in supply chain management software. Here’s what the stock looks like. 

Previous Close	$46.64
Volume	3,604
Market Cap	692,382,326
PE Ratio	274.35
Distribution	0.085
Dividend Yield	0.681%

Nvidia CDR (CAD Hedged) (NVDA)

The Nvidia Corporation is an American company that has been around since 1993. They’re a technology company that operates around the world and is known for making advances in AI, gaming, creative design, robotics, and even safe driving vehicles. Here are the stats for their CAD-hedged stocks. 

Previous Close	$32.55
Volume	-
Market Cap	4,899,639,234,139
PE Ratio	10.45
Distribution	0.002
Dividend Yield	0.055%

Coveo Solutions Inc. Subordinate Voting Shares (CVO)

This company is located in Canada and has been around since 2004. They're a technology company that specializes in AI Search and generative experiences. They also provide e-commerce and enterprise search software for plenty of different companies, such as e-commerce and digital workplaces. Here are the stock stats. 

Previous Close	$7.14
Volume	2,590
Market Cap	374,824,835
PE Ratio	-
Distribution	-
Dividend Yield	-

Canadian AI Stocks

When it comes to tech stocks, it’s also important to remember that there are plenty of different categories. One popular category is AI stocks due to the AI market's growth potential. Here are just a few options for the best Canadian AI stocks. 

Blackberry (BB)

While Blackberry is known for its smartphone business, that portion of the company was discontinued in 2022. Now, Blackberry is known as a leader in secure communications due to h=growing business momentum. They also offer different services, including secure embedded software, communications security, critical event management and unified endpoint management. Artificial intelligence is a major component of this and allows the company to set itself up for long term growth This is what their tech stock looks like. 

Previous Close	$7.91
Volume	3.34M
Market Cap	4.70B
PE Ratio	-
Distribution	-
Dividend Yield	-

CGI Group (GIB.A)

This Canadian company is headquartered in Quebec and was founded in 1976. They’re actually one of the largest IT and business consulting firms in the world. They’re also a software development company and have been on the stock exchange since 1986. Having this much stock history can help determine the likelihood of profit with this stock as well as the total revenue from its AI relevance platform.

Previous Close	$162.48
Volume	358.17K
Market Cap	37.44B
PE Ratio	21.48
Distribution	-
Dividend Yield	0.37%

Docebo (DCBO)

Docebo is another software company that specializes in learning management systems. They’ve been around since 2005, and they focus on using automation to increase productivity and reduce manual tasks. They aren’t just available in Canada, either; they have offices all over the world. Their year to gain, as well as the positive momentum of the company's strong performance are a reason they’re a popular choice. Here’s what their stock looks like. 

Previous Close	$57
Volume	34.14K
Market Cap	1.73B
PE Ratio	70.16
Distribution	-
Dividend Yield	-

Kinaxis (KSX)

Kinaxis has been around since 1984 and is headquartered in Ottawa, Ontario. They’re a software company that specializes in supply chain management, sales and operation planning. They’re known for powering some of the largest supply chains, including Lenovo, P&G, Schneider Electric and Ford. Here’s what their stock looks like. 

Previous Close	$157.42
Volume	9,941
Market Cap	4,360,684,862
PE Ratio	162.27
Distribution	-
Dividend Yield	-

Open Text (OTEX)

This Canadian company was founded in 1991 and is headquartered in Waterloo, Ontario. They’re a software company that focuses on enterprise management software. Specifically, they offer cloud solutions such as cloud computing, business AI, and business technology with composable AI search. It provides companies with viable alternatives that are becoming more popular by the day. Here’s what the stock looks like in comparison to their net earnings. 

Previous Close	$38.90
Volume	819.49K
Market Cap	10.14B
PE Ratio	11.04
Distribution	-
Dividend Yield	3.92%

Canadian Dividend Stocks

When it comes to Canadian tech stocks, it’s also important to note that some of these have dividends and others don’t. Here are some of the best Canadian tech stocks that offer dividends. 

Evertz Technologies (ET)

Headquartered in Burlington, Ontario, Evertz Technologies is a global technology company. They’re the leading manufacturer of broadcasting systems and are the parent company of many different subsidiaries. They’re also one of the largest and most advanced broadcast technology manufacturers in the world. Here’s what their stock looks like.

Previous Close	$11.98
Volume	34.86K
Market Cap	902.89M
PE Ratio	15.82
Distribution	Quarterly
Dividend Yield	6.73%

C Com Satellite Systems (CMI)

C Com Satellite Systems is headquartered in Ottawa, Ontario and has been around since 1997. They’re the leading manufacturer of mobile satellite antennas, which are needed for the global delivery of broadband internet services and data center hardware. They’re continually improving their product to stay relevant in the market. These are the current stats of their stock. 

Previous Close	$1.18
Volume	9.16K
Market Cap	50.29M
PE Ratio	25.15
Distribution	-
Dividend Yield	4.24%

Softchoice (SFTC)

Softchoice Corp. is headquartered in Toronto, Ontario, and has been around since 1989. It is a computer systems design services company that provides software-focused IT solutions to its customers. While the fact that this company has been around for so long doesn’t guarantee that it could potentially produce monster returns, the longer a company has been in business, the more security there is in investing in it. Here are the current stats for this stock. 

Previous Close	$24.39
Volume	129.85K
Market Cap	1.48B
PE Ratio	26.43
Distribution	Quarterly
Dividend Yield	2.13%

Vecima Networks (VCM)

Vecima Networks is headquartered in Victoria, BC and has been around since 1988. They develop both hardware and software for broadband access, content delivery and telematics. They’ve also been named a global leader for 3 years in a row. Here’s what their stock looks like. 

Previous Close	$11.20
Volume	7.90K
Market Cap	279.36M
PE Ratio	33.73
Distribution	Quarterly
Dividend Yield	1.91%

JEMTEC (JTC)

JEMTEC is located in Vancouver, BC. They’re a leading provider of GPS and electronic monitoring solutions. They’ve been around for over 36 years and have had their monitors used on over 75,000 individuals throughout Canada and other countries. These are used by federal government agencies to monitor offenders as well as for bail and immigration release plans. This company mostly has government users, which contributes to making it another best-bet stock for investors. These are the stats for their stock. 

Previous Close	$0.84
Volume	1.96K
Market Cap	2.35M
PE Ratio	21.82
Distribution	-
Dividend Yield	-

Undervalued Canadian Tech Stocks

Another sector to consider when looking into different tech stocks is undervalued stocks. Many of these stocks are doing better than expected and can be a great way to diversify your portfolio. Here are some of the most undervalued stocks that are actually performing quite well. These include both large and small-cap stocks. 

Coveo Solutions Inc. (CVO)

Like many of the other tech companies that we have mentioned, Coveo Solutions Inc is a Canadian software company. This company has been around since 2004 by providing generative AI programs in Canada to enable different digital experiences in Canada. Their long term growth positions Coveo as one of the top stocks. Their goal is to help companies grow to their potential. 

Previous Close	$7.14
Volume	158.76K
Market Cap	689.63M
PE Ratio	-
Distribution	-
Dividend Yield	-

BCE Inc (BCE)

BCE Inc has actually been around in Canada for a long time. You may know them by their former name of Bell Canada Enterprises Inc. It’s actually a publicly traded holding company for Bell Canada. It’s currently Canada’s largest communications company and provides advanced broadband communications networks to people all over the world. For this reason, it’s a popular choice for growth investors. While things can change for the third quarter and even the fourth quarter, BCE is in a solid position for growth.

Previous Close	$33.41
Volume	4.17M
Market Cap	30.98B
PE Ratio	386.65
Distribution	Quarterly
Dividend Yield	11.75%

VIQ Solutions Inc

Headquartered in Mississauga, Ontario and founded in 2004, VIQ Solutions Inc is a technology and service platform. They specialize in digital evidence capture, retrieval and even content management. With over 26 years of experience, they’re one of the leaders in the tech world for innovation and business technology. These are the stats for this Canadian stock. 

Previous Close	$0.27
Volume	68.28K
Market Cap	9.84M
PE Ratio	–
Distribution	–
Dividend Yield	–

Payfare (PAY)

Headquartered in Toronto and has been around since 2012. It markets itself as a no-cost payout solution that allows workers to choose how and when they want to be paid. It's available in multiple industries, including trucking, trades, construction, rideshare, healthcare, home services, and hospitality. Here is what their stock looks like. 

Previous Close	$3.80
Volume	366.82K
Market Cap	191.22M
PE Ratio	10.04
Distribution	-
Dividend Yield	-

WELL Health Technology

WELL Health Technologies was founded in 2010 and is headquartered in Vancouver, BC. Not only are they a digital health technology company, but they also are the largest owner and operator in Canada of outpatient health clinics. They also provide EMR services to clinics throughout Canada. They aim to leverage technology to make a difference in healthcare. This is what their stock looks like.

Previous Close	$6.09
Volume	690.20K
Market Cap	1.52B
PE Ratio	22.00
Distribution	-
Dividend Yield	-

Canadian Tech Stock ETFs

ETFs, also referred to as Exchange Traded Funds, are funds that hold a portfolio of stocks in an identified group. In this case, tech stock ETFs are funds that contain a variety of different tech stocks. The thing about ETFs is that they look like traditional stocks on the market because they have their own ticker symbol. Many are also part of the broader market. Here are a few good choices for Tech ETF stocks in Canada. 

BMO NASDAQ 100 Equity Hedged to CAD Index ETF (TSX:ZQQ)

The idea behind this particular ETF is to replicate the performance of the net expenses for NASDAQ-listed companies. What it does is hold and invest in the same securities as they are reflected in the index. Due to the fact that this is a Canadian EFT, the US currency exposure is hedged to Canadian currency. Here are some stats related to this particular ETF. 

Previous Close	$153.38
Net Assets	$2,267.36
Maximum Annual Management Fee	0.35%
Management Expense Ratio	0.39%
Distribution	Annually
Inception Date	January 19, 2010

TD Global Technology Leaders Index ETF (TSX:TEC)

With this ETF, it seeks to track the performance of a global equity index. This measures the return of global mid and large-capitalization issuers related to technology. It currently tracks the Solactive Global Technology Leaders Index. The portfolio managers look to achieve this by investing and holding proportionate shares to the current index. It can hold cash, cash equivalents, and a variety of different money market instruments in order to do so. The current specs of this ETF are:

Previous Close	$47.02
Volume	96.43K
Average Market Cap ($MM)	2519426
Management Expense Ratio	0.39%
Dividend Yield	0.53%
Risk Analysis	Medium to High

iShares S&P/TSX Capped Information Technology Index ETF (TSX:XIT)

The purpose of this ETF is to seek long-term capital growth by replicating the S&P/TSX Capped Information Technology Index and its net expenses. This particular ETF has targeted exposure to Canadian information technology stocks and shows a view of this particular industry sector not related to its net income. The key factors associated with this ETF are:

Previous Close	$74.75
Net Assets	859,898,028
Management Fee	0.55%
Management Expense Ratio	0.60%
Distribution Frequency	Semi-Annually
Inception Date	March 19, 2001

Reasons To Invest In Canadian Tech Stocks

In Canada, some stocks are good to buy and hold, and others are good for day trading. Canadian technology stocks are a good idea if you wish to buy stock and hold it. With the tech sector continuing to grow and more technologies advancing every day, these stocks are seeing a positive trend, making it a good time to purchase them. However, each stock has its own individual factors to consider. 

When considering whether or not you should invest in tech stocks, it’s best to look at which subsector is the best choice. In Canada, some subsectors are much more sustainable than others, making them the best choice for investment. That said, as long as you do your research and consider which type of tech investment makes the most sense for you, it could be a great addition to diversify your portfolio.

Other Notable Stock Options

With so many great options for Canadian tech stocks, it’s impossible to mention them all. There are so many out there that are just as good as the ones we mentioned. Some of these include:

Tech Company	Stock Price
Cisco CDR (CAD Hedged)	$31.96
Dayforce Inc.	$95.40
Advanced Micro Devises CDR (CAD Hedged)	$21.53
Constellation Software Inc Unsecured Subordinated Floating Rate Debentures Series 1	$118.51
CGI Inc Class A Subordinate Voting Shares	$166.46
Lightspeed Commerce Inc Subordinate Voting Shares	$19.02

Final Thoughts

As you can see, there’s a wide variety of tech stocks to choose from in Canada, so there isn’t always an easy-to-follow blueprint. You can choose which subsector you wish to invest in, how many shares you wish to purchase and which Canadian tech companies provide the best opportunity for growth.

If you wish to go with a different approach other than stocks, you can also choose to invest in ETFs. These investments can be invested into registered accounts and are still listed on the stock market. 

When it comes to the tech industry, some sectors are going to be more profitable than others, such as TSX’s information technology sector (also referred to as the IT sector). Obviously, this is going to change based on what is most advanced and trending, but being on top of these things can help you create more growth in your investment portfolio.

It can also help you start to invest in a growing industry and make the most of your money. If you’re unsure of which type of investment is the best for you, then a financial advisor can help you determine what makes the most financial sense.