In this new deglobalization and populist era, Canada will prevail

Three Canadian stocks are chosen by Canadian General Investments' portfolio manager, Greg Eckel

This year, Canadian stocks have experienced a resurgence. The SandP/TSX Composite index has increased by 25%, surpassing the 16% gain of the Americas S&P 500. One of the developed markets that has performed the best in 2025 is Canada, which is an early indication that the winners of the post-globalization era will be very different.

The natural lottery of geography and geology is more important than ever as economies reshoring and supply chains getting shorter. Few countries have achieved greater success than Canada, which is one of the top five energy producers in the world and has £1.7 trillion in natural resource wealth ranging from potash, gold, and timber to oil, gas, and uranium.

Importantly, in a world where authoritarianism is on the rise, Canada combines this abundance with political stability and alignment with the West. Investors looking for exposure to the decades' defining themes without populist noise may find refuge in Canada's calmer politics, led by Prime Minister Mark Carney, as Washington retreats inward.

Canadian stocks for your investment portfolio.

Uranium could be Canada's most valuable energy resource. It will benefit from the return of nuclear power to the world's electricity mix as the second-largest producer in the world. The Magnificent Seven are investing in nuclear projects to power AI data centers due to the enormous energy demand that could necessitate 50 new reactors by 2030. Governments are also extending the lifespans of reactors and putting new construction back on the agenda.

After years of supply cuts following the disaster at Fukushima and the Wests retreat from dependence on Russian energy, markets are turning to reliable producers such as Canada. One of the biggest and most economical uranium miners in the world, Cameco (Toronto: CCO), is at the centre of this renaissance. It contributes significantly to the supply of Western markets in collaboration with Brookfield and Westinghouse Electric. After a ten-year glut, miners are rushing to restore supply, and the shares appear promising. Decarbonization, electrification, and nearshoring have all helped the infrastructure sector. More than 66,000 projects are being funded by the £1.2 trillion US Bipartisan Infrastructure Investment and Jobs Act alone, and Carneys' industrial strategy seeks to direct billions into Canadian clean energy, advanced manufacturing, and critical minerals.

One obvious winner is Stantec (Toronto: STN), a leader in sustainable engineering and design worldwide. It is ideally positioned for North America's rebuilding cycle due to its diverse energy, water, and transportation footprint. Industry-leading profit margins have resulted from an emphasis on efficiency, and growth prospects are encouraged by exposure to infrastructure spending in the US and Canada.

Nvidia is the boss of Canada.

The portfolio is also significantly influenced by technology. Since purchasing Nvidia in 2016 at an average price of about £1.35, we have profited from the company's explosive growth. However, the next wave of opportunities is now closer to home.

Celestica manufactures fast components to increase the size of data centers around the world. Celestica is in the middle of the supply chain, with Nvidia, OpenAI, and Oracle investing hundreds of billions of pounds in new AI computing power. Celestica's AI-related hardware sales increased by 80% in the most recent quarter, giving us access to all of Silicon Valley's disruption at a Canadian discount to high US tech valuations.