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Bird Construction Tops Canada's S&P/TSX Composite After 139% Rally on AI Data-Center Work

September 5, 2026 at 00:00 EDT

Infra & Chips
Sales & Business

Bird Construction Inc. has become the best-performing stock on Canada's S&P/TSX Composite index this year, as a North American data-center building boom lifted the Mississauga, Ontario, contractor past technology companies and gold miners.

September 2026 · Bird Construction

Canada's top stock is a data-center builder

Bird Construction's 139% year-to-date gain has put the contractor atop the S&P/TSX Composite, powered by Bell's 300 MW Saskatchewan AI campus and a broader North American compute buildout.

139%

YTD share gain through Sept. 3

300 MW

Bell AI Fabric Sherwood campus

C$12B

Combined construction backlog

C$20B+

Canadian data-center pipeline

Year-to-date return on Canada's benchmark

Bird has outrun even doubled tech and mining names. Each block ≈ 20 percentage points.

139%

Bird Construction

7 blocks

>100%

BlackBerry & Aya Gold

more than doubled · 5 blocks

Takeaway: a general contractor, not a chipmaker, now leads Canada's main index.

Scale of the Canadian compute build (C$ billions)

Each stacked block ≈ C$2 billion. The tracked pipeline dwarfs the first Bell campus.

C$1.7B

Bell Sherwood capex

C$12B

Combined backlog

C$20B+

DC opportunities tracked

From preferred partner to first electrons

Bell names Bird

Preferred builder for a multi-year AI Fabric program

→

300 MW Sherwood

C$1.7B campus; Cerebras and CoreWeave contracted

→

First phase H1 2027

Then a national AI data-center buildout

Why bulls stay in

Record C$12B combined backlog, Buy-rated coverage, and what analysts call generational federal infrastructure spending still leave room to run, in their view.

Where the risk sits

A trailing P/E above 60, capital-intensive competition, a marquee Bell schedule, a debut C$250M bond, and local opposition at Sherwood all raise the bar.

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