3 Canadian Growth Stocks To Watch In September 2026
Higher fuel and food costs are pushing inflation concerns back onto the radar, which keeps many investors cautious about broad market exposure. That caution can create openings. Healthy Canadian businesses that analysts expect to grow earnings over the next few years, while keeping balance sheets in check, can look relatively attractive. This article highlights three stocks from our high potential screener that fit that profile.
The three examples below are a small sample from this idea. The full screen surfaced 55 more companies with similarly compelling stories that are not covered here. To find the ones that best fit your own criteria, head straight to the Healthy high growth potential screener to filter, analyze, and identify your highest conviction targets.
Cameco (TSX:CCO)
Overview: Cameco is a Canadian uranium supplier that mines, refines, and services nuclear fuel for utilities across multiple regions.
Operations: Cameco generates about CA$2.9b from Uranium, CA$3.4b from Westinghouse, and CA$551 million from Fuel Services, with minor other items.
Market Cap: CA$55.8b
Cameco sits in the middle of the nuclear fuel chain, which is a point in the value chain where investors often look for earnings growth linked to reactor demand and long term uranium contracts.
"Cameco operates in a segment of the market that is exposed to trends in nuclear construction, government policy support, net-zero emission mandates, and energy security concerns. These factors can have a significant influence on long-term demand for uranium and nuclear fuel, and therefore on the company’s long-term revenue profile."
What really matters now is how one unresolved pressure shapes the balance between that narrative and future profit margins.
That pressure point is exactly where the story gets interesting, and the full narrative for Cameco explains how contract structures, capital needs, and policy risk could be separating expectations from earnings power.
MDA Space (TSX:MDA)
Overview: MDA Space builds satellite communications platforms and advanced space robotics, including MDA AURORA and Canadarm3, for government and commercial space customers worldwide.
Operations: MDA Space generates about CA$1.87b from its combined Geointelligence, Robotics & Space Operations and Satellite System segment, primarily across Canada and the United States.
Market Cap: CA$6.8b
MDA Space is exposed to the high growth potential theme in satellite platforms and robotics contracts that support multi-year earnings expectations.
"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 really moves the needle for MDA Space now is how one unseen pressure shapes the balance between growth, pricing power, and long-term margins.
That margin pressure is exactly what the full narrative for MDA Space tackles, revealing where accelerating contract wins might be masking risk or setting up a stronger earnings profile ahead.
Energy Fuels (TSX:EFR)
Overview: Energy Fuels is a U.S.-focused producer and developer of uranium, rare earth elements, and heavy mineral sands for critical materials supply.
Operations: Energy Fuels currently generates about US$106 million from its Uranium segment, with segment adjustments making up the balance.
Market Cap: CA$4.1b
Energy Fuels matters for this Healthy high growth potential screener because its uranium operations give it direct exposure to earnings that could scale if demand for nuclear fuel strengthens and prices remain supportive, while its newer rare earth business adds a second potential engine for growth.
"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, which in turn could support long-term revenue and margin upside."
What happens to Energy Fuels’ margin profile and growth path now largely depends on how one quiet constraint in its supply chain resolves.
That quiet constraint is exactly what the full narrative for Energy Fuels unpacks, showing where Energy Fuels’ rare earth potential could be accelerating or quietly capped by supply risk.
Seeking Alternatives Before The Crowd?
Fresh ideas move first, and late money often gets caught chasing momentum as prices are already flying. Scan new watchlist candidates under the radar for now and act early.
- Spot cash rich growers positioned for a potential breakout by scanning the list of solid balance sheet and fundamentals (7 results) before the crowd starts bidding them up.
- Target future facing materials opportunities by running the 36 best rare earth metal stocks and pinpointing curated producers tied to electrification and advanced manufacturing demand while it still matters.
- Review the 1 dividend fortresses for high yield payers with the strength to keep distributing even when markets drop.
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.
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