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 reduction that the commerce wars have been quelled on a number of fronts and robust company earnings.
The perfect on-line brokers, ranked and in contrast
Celestica leads tech comeback
The know-how, supplies, and industrial sectors had been all represented within the listing of top-performing Canadian shares with market capitalization over $2 billion. Laptop {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 predicted to proceed capitalizing on synthetic intelligence (AI) spending by know-how 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 value of the radioactive mineral since mid-March. Galaxy Digital, which relies in New York Metropolis, operates a digital asset buying and selling platform in addition to information centres. It has carried out nicely underneath 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 here are the remainder of the TSX’s high 10 momentum shares for Q2 2025. (Use your fingers or mouse to scroll to the correct.)
Because the asset administration trade likes to say, previous efficiency will not be an indicator of future returns. Though Air Canada inventory had an excellent 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 latest months have traditionally tended to maintain doing so, as a rule. Strategists differ, nonetheless, on the optimum holding interval for additional value development. Some say just some months; others, a yr or extra.
As a method, momentum investing might be complemented with different components equivalent to worth, development or dividend investing—serving to guarantee buyers don’t find yourself merely shopping for shares at their value peak.
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