Over the past five years, the Canadian tech sector has annualized returns of just shy of 19% (this number comes from XIT, the TSX Capped Information Technology Index ETF).
This is despite a massive correction in late 2021 and 2022 that saw many top Canadian tech stocks, along with the ETF XIT, take 50% or greater hits to share prices.
This 18% annualized growth would have turned a $10,000 investment into nearly $24,000 in just half a decade. Tech companies, especially in Canada, are booming right now. This is precisely why we decided to come out with this list of the best-performing technology stocks in Canada.
What are the best tech stocks to buy in Canada?
But even though the Canadian tech sector is booming, people usually head to the United States when looking for the best tech stocks to buy. So why is that?
Tech stocks just aren’t as prevalent on the Toronto Stock Exchange
The I.T. sector accounts for nearly a quarter of the S&P…
