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The Best TSX Tech Stocks

Check out our list of the top Canadian tech stocks based on company performance.

Starting to invest in Canadian tech stocks and software stocks can be tricky at first. If you’re not sure where to start, keep an eye on this list of the best TSX tech stocks.

What you should know before you buy Canadian tech stocks

This list of the best Canadian tech stocks is meant to help you conduct your own research in finding the best TSX tech stocks to buy right now. It is not investment advice. No single stock or list of stocks will suit all investors, and we all have different goals and needs.

Whether you care more about TSX tech stocks with short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase or decrease in value.

Best for Beginners

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  • Easy-to-use platform
  • Low fees
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Best for Lowest Commissions

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Low margin rates
  • Access to international stock exchanges
  • Low margin rates
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Best for Easy-to-use App

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Low commissions
  • $50 in free trades
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The algorithm was last updated March 3, 2022. This list and data was compiled October 18, 2021.

Best Canadian tech stocks to watch in 2024


Shopify Inc (SHOP.TO)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
  • Market cap: C$123.695 billion
  • YTD performance: -93.25%
  • 1 Year performance: 54.12%
  • 5 Year performance: 189.43%
  • P/E Ratio: 736.8462
  • Headquarters: Canada

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Evertz Technologies Limited (ET.TO)

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.
  • Market cap: C$1.036 billion
  • YTD performance: 2.91%
  • 1 Year performance: 25.62%
  • 5 Year performance: 42.73%
  • P/E Ratio: 14.0309
  • Headquarters: Canada

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Mogo Inc (MOGO.TO)

Mogo Inc. operates as a digital finance company in Canada, Europe, and internationally.
  • Market cap: C$60.816 million
  • YTD performance: -50%
  • 1 Year performance: 110.01%
  • 5 Year performance: 110.01%
  • P/E Ratio: N/A
  • Headquarters: Canada

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Vecima Networks Inc. (VCM.TO)

Vecima Networks Inc. engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics.
  • Market cap: C$536.071 million
  • YTD performance: 50.96%
  • 1 Year performance: 51.37%
  • 5 Year performance: 195.88%
  • P/E Ratio: 36.1475
  • Headquarters: Canada

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Constellation Software Inc. (CSU.TO)

Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets.
  • Market cap: C$78.413 billion
  • YTD performance: 121.5%
  • 1 Year performance: 45.06%
  • 5 Year performance: 5254.08%
  • P/E Ratio: 100.0049
  • Headquarters: Canada

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Absolute Software Corporation (ABST.TO)

Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. The company's Absolute platform offer Absolute Visibility that provides information on device hardware, software, and location; Absolute Control that provide remediation capabilities, such as the ability to remotely freeze devices and delete data; Absolute Resilience, which offer remote scripting, self-healing for critical apps, investigation and recovery services, and sensitive data identification; Absolute Ransomware Response that enables organizations to assess their ransomware preparedness for endpoints, monitors their endpoint cyber hygiene across the entire device fleet and allows for an expedited endpoint recovery; Absolute VPN an enterprise solution; Absolute ZTNA that protects networks and employees with real time risk analysis; and Absolute Insights for Network provides real-time data about device, application, and network performance in a single pane of glass.
  • Market cap: C$808.034 million
  • P/E Ratio: N/A
  • Headquarters: Canada

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Computer Modelling Group Ltd. (CMG.TO)

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.
  • Market cap: C$850.531 million
  • YTD performance: 121.62%
  • 1 Year performance: 68.44%
  • 5 Year performance: 203.19%
  • P/E Ratio: 36.1035
  • Headquarters: Canada

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Open Text Corp (OTEX.TO)

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.
  • Market cap: C$12.815 billion
  • YTD performance: -17.8%
  • 1 Year performance: 6.33%
  • 5 Year performance: 36.26%
  • P/E Ratio: 71.4627
  • Headquarters: Canada

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Descartes Systems Group Inc (DSG.TO)

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management solutions worldwide.
  • Market cap: C$10.577 billion
  • YTD performance: 66.4%
  • 1 Year performance: 29.62%
  • 5 Year performance: 196.31%
  • P/E Ratio: 67.1135
  • Headquarters: Canada

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Enghouse Systems Ltd (ENGH.TO)

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group.
  • Market cap: C$1.674 billion
  • YTD performance: -51.24%
  • 1 Year performance: 8.71%
  • 5 Year performance: 24.96%
  • P/E Ratio: 22.7143
  • Headquarters: Canada

Buy on Interactive Brokers

Buy TSX tech stocks in Canada through an online broker

To invest in any of these TSX tech stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.

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Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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