Shopify tops list of TSX best performers

The Toronto Stock Exchange released its 2020 TSX30 list of top-performing stocks on Tuesday, with Shopify Inc. leading the pack.

Technology and mining stocks were well represented in this year’s list, which ranks stocks based on dividend-adjusted share price appreciation over a three-year period.

Shopify recorded a 1,043% gain over three years, moving up from second place on last year’s list.

Fuel cell company Ballard Power Systems Inc. was next, up 459% over three years, and cannabis firm Cronos Group Inc. followed with a 378% gain. Gold miners Kirkland Lake Gold Ltd. (363%) and Alacer Gold Corp. (349%) rounded out the top five.

Last year’s top performer, cannabis company Canopy Growth Corporation, slipped to the 18th position.

Specialty insurance provider Trisura Group Ltd. held the 16th position with a three-year gain of 182%, and alternative asset manager Sprott Inc. (up 143%) was number 24.

Real Matters Inc., a technology firm that provides services to the mortgage and insurance industries, was in the 22nd spot.

View the full list here.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.