The Canadian fairness markets have continued their post-election uptrend, with the S&P/TSX Composite Index rising 0.85% yesterday. Traders look buoyant on Donald Trump’s pro-growth insurance policies, driving the fairness markets. Furthermore, this yr has been wonderful for traders, with the index rising 18.5%. Strong earnings progress, easing inflation, and the central financial institution’s price cuts have boosted inventory costs.

In the meantime, the next 4 Canadian shares have outperformed the broader fairness markets this yr, and given their progress prospects, I count on the uptrend to proceed.

Celestica

After delivering spectacular returns of 154% final yr, Celestica (TSX:CLS) has continued its uptrend this yr, with its inventory worth rising 204.8% yr up to now. Its stable performances, the elevating of 2024 steering, and wholesome long-term progress prospects have pushed its inventory worth larger. The corporate’s administration has said that it has obtained sturdy demand indicators from its giant clients, which might help its monetary progress subsequent yr.

In the meantime, the expansion within the utilization of synthetic intelligence has expanded the demand for high-speed computing switches, increasing Celestica’s addressable market. The corporate continues to innovate to fulfill its clients’ wants. Apart from, it strengthened its place in manufacturing AI (synthetic intelligence)/ML (machine studying) servers and full-rack options via a strategic partnership with Groq. Contemplating these progress prospects, I count on the uptrend in Celestica to proceed.

Dollarama

Dollarama (TSX:DOL) is one other high performer this yr, with returns of 56.8%. The low cost retailer’s worth proposition continued to draw clients in a difficult macro surroundings, thus driving its financials and inventory worth. In the meantime, the corporate plans to broaden its retailer community to 2,000 by the top of fiscal 2031 from 1,583 shops. Given its cost-effective growth-oriented enterprise mannequin and lean operations, the enlargement might proceed to drive its financials.

Furthermore, Dollarama owns a 60.1% stake in Dollarcity, which operates 570 retail shops in Latin America. It additionally has an choice to extend its stake by 9.89% by the top of 2027. Dollarcity has deliberate so as to add 480 shops over the subsequent six years, elevating its retailer depend to 1,050 by 2031. The next stake and increasing retailer community might enhance Dollarcity’s contribution to Dollarama. Contemplating its progress prospects and stable underlying enterprise, I’m bullish on Dollarama.

WELL Well being Applied sciences

WELL Well being Applied sciences (TSX:WELL) reported a formidable third-quarter efficiency yesterday, with its topline rising by 27% to $251.7 million. Natural progress contributed 23%, whereas acquisitions over the earlier 4 quarters contributed 4%. Apart from, its adjusted EBITDA (earnings earlier than curiosity, tax, depreciation, and amortization) grew 16% to $32.7 million. After posting its third-quarter efficiency, the corporate’s administration has raised its income steering.

Amid its stable third-quarter efficiency, the corporate’s inventory worth rose 9% yesterday and is buying and selling 28.1% larger this yr, outperforming the broader fairness market. Regardless of the appreciable enhance in its inventory worth, the corporate’s valuation seems enticing, with its NTM (subsequent 12 months) price-to-earnings a number of at 17. Additionally, its progress prospects look wholesome amid the rising reputation of digital healthcare providers, digitization of affected person information, and elevated utilization of software program providers within the healthcare sector. So, I count on the uptrend in WELL Well being’s inventory worth to proceed.

Financial institution of Nova Scotia

Financial institution of Nova Scotia (TSX:BNS) has witnessed substantial shopping for over the past three months, with its inventory worth rising by 23.6% from its August lows. The Financial institution of Canada’s rate of interest cuts and bettering financials have elevated the corporate’s inventory worth. Regardless of the surge, the corporate trades 11 instances its projected earnings for the subsequent 4 quarters, which seems enticing. It additionally provides a juicy ahead dividend yield of 5.65%.

In the meantime, BNS’s working metrics are bettering, with its internet curiosity margin and customary fairness tier-one ratio rising within the July-ending quarter. It additionally witnessed deposit progress in the course of the quarter. Additional, the corporate has made a strategic funding in KeyCorp, which might enhance its near-term profitability and diversify its United States enterprise. Contemplating its progress prospects, bettering financials, and enticing valuation, I imagine BNS could be a superb purchase now.