BlackBerry stock surged 117.6% in one year, while Cineplex dropped 3.6%, according to The Motley Fool Canada. This performance contrast highlights significant changes in the Canadian stock market, especially as the S&P/TSX Composite Index enjoyed a remarkable gains exceeding 30% in 2026.
What happened
The S&P/TSX Composite Index recorded a more than 30% increase over the past year, showcasing a vibrant stock market. Among Canadian stocks, BlackBerry emerged as a star performer, with its shares climbing 117.6% for the year. In contrast, Cineplex struggled, suffering a decline of 3.6% in the same period.[2]
For BlackBerry, 2026 marked a turning point. The company reported full-year revenues of $549.1 million, a 3% increase compared to the prior year. Notably, BlackBerry’s fourth-quarter revenue rose by 10% to $156 million, with its QNX segment achieving a remarkable 20% revenue increase, reaching a record $78.7 million. “If this momentum continues, BlackBerry’s stock price will continue to have more upside,” an analyst noted.[1]
Conversely, Cineplex faced increased skepticism as it struggled with ongoing losses and a lack of meaningful revenue growth. Despite a slight increase in quarterly attendance of 17.3% to 9.8 million and an uptick in box office revenue by 25% to $127.4 million, the stock’s performance disappointed investors. Many observers claimed that “the doubters have absolutely been right” regarding Cineplex’s challenges.
Why it matters
The contrasting fortunes of BlackBerry and Cineplex underscore the volatility of the stock market and the varying success of different sectors. BlackBerry’s rebound illustrates the potential for reinvention and growth within the technology sector, particularly as companies adapt to emerging trends like machine-to-machine connectivity. Conversely, Cineplex’s struggles reflect the ongoing difficulties faced by traditional entertainment industries in regaining pre-pandemic strength.
Background
BlackBerry’s transformation began years ago, focusing on its business of secure communications and machine-to-machine connectivity, areas management earmarked for growth. After a decade of stagnation, 2026 became pivotal as fiscal results began to demonstrate potential recovery.[3]
Cineplex, on the other hand, has worked to recover from pandemic-induced disruptions. On May 20, 2022, the company faced significant losses, triggering widespread investor concern about its ability to maintain profitability in a post-pandemic market. Initial recovery efforts have shown promise, though they remain below pre-pandemic levels.
What’s next
Investors will closely watch the upcoming quarterly earnings reports for both companies scheduled for June 2026 to gauge their ongoing performance and market potential.
