Want to Retire Wealthy? 3 TSX Stocks to Add to Your Portfolio Now

Do you plan to retire rich? These three TSX stocks have potential to deliver stellar capital gains and make you wealthy.

| More on:

Image source: Getty Images

If you plan to invest for long-term financial goals like retirement, now is an excellent time, as top Canadian stocks are trading at a significant discount. However, when investing for the long term, one should focus on the shares of companies with solid fundamentals, a growing revenue base, and a history of delivering profitable growth. Further, investors should focus on diversifying their portfolios to reduce risk.

Against this backdrop, I’ll focus on shares of three Canadian corporations that have been growing swiftly, have solid fundamentals, and are highly profitable. Moreover, these companies have proven business models and have created significant wealth for their shareholders. Thus, adding these stocks to your portfolio could help you retire wealthy and beat the TSX by a considerable margin. Let’s begin. 


Cargojet (TSX:CJT) is Canada’s leading air cargo company. With its solid domestic network and next-day delivery capabilities to most Canadian households, Cargojet consistently delivered strong revenue and earnings growth that helped the company to beat the TSX by a wide margin in the past decade. 

While macro headwinds have taken a toll on consumer spending, its strategic partnerships with top logistics brands (like UPS, Canada Post, DHL, and Amazon, among others) ensure long-term stability and growth. Also, it diversifies its revenue base. 

It’s worth highlighting that Cargojet’s long-term contracts have a minimum revenue guarantee. Also, it has cost pass-through provisions. Impressively, Cargojet has a 100% customer retention rate. All these show that the company is poised to consistently deliver strong organic growth. Moreover, its focus on network and fleet optimization, strength in the ACMI (Aircraft, Crew, Maintenance, and Insurance) segment, and opportunities in the international and e-commerce market bode well for future growth. 


With a market capitalization of about $2 billion, goeasy (TSX:GSY) is a solid long-term mid-cap stock to create wealth. Macro headwinds and the recent concerns surrounding the banking and lending market have weighed on goeasy stock. However, this pullback is an excellent opportunity to invest in a company that has been growing its revenue and earnings at a stellar double-digit rate. 

Despite challenges, goeasy is witnessing strong growth in its loan originations, which will likely drive its future revenues and consumer loan portfolio. Further, a large subprime lending market offers ample growth opportunities. 

Leverage from higher sales, stable credit performance, and operating efficiency will likely cushion its earnings and dividend payments. goeasy is a part of the S&P/TSX Canadian Dividend Aristocrats Index and a dependable growth and income stock. 


Aritzia (TSX:ATZ) is the final stock on this list. Despite the pressure on consumers’ discretionary spending, this fashion house has managed to attract customers, which is reflected through double-digit growth in its top and bottom lines. 

Aritzia expects its revenues to increase by about 15-17% annually through 2027. Further, the company expects to grow its earnings faster than revenues. 

Its upbeat guidance, a favourable mix of full-priced sales, expansion of the boutiques, and strengthening of its e-commerce platform augurs well for long-term growth. Further, Aritzia stock is trading at a forward price-to-earnings ratio of 20.1, which is significantly lower than its historical average, offering a solid entry point.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Aritzia and Cargojet. The Motley Fool recommends Amazon.com and United Parcel Service. The Motley Fool has a disclosure policy.

More on Investing

growing plant shoots on stacked coins
Dividend Stocks

Here Are My Top 5 Dividend Aristocrats to Buy Right Now

Now is the time to buy these top five dividend aristocrats at their two-year low before they recover to 2021…

Read more »

Target. Stand out from the crowd
Stocks for Beginners

5 Stocks You Can Confidently Invest $500 in Right Now

Whether it's stocks making a comeback or proven investments over decades, these five belong in your portfolio.

Read more »

edit Businessman using calculator next to laptop

Unearthing Incredible Value: 2 Dirt-Cheap Commodity Stocks That Demand Attention Today

Barrick Gold (TSX:ABX) and another great mining stock look like huge value plays right here.

Read more »

A woman shops in a grocery store while pushing a stroller with a child

New Rules for Grocers: 1 Canadian Grocery Stock That Could Soar

Metro (TSX:MRU) stock looks poised to win as it signs onto the new grocery code of conduct.

Read more »

edit Real Estate Investment Trust REIT on double exsposure business background.
Dividend Stocks

Is NorthWest REIT Stock the Best High-Yield Dividend for You?

NorthWest REIT (TSX:NWH.UN) offers a substantial dividend, but exercise caution with this riskier stock.

Read more »

oil and gas pipeline
Energy Stocks

TC Energy Stock Is Starting to Get Ridiculously Oversold

TC Energy (TSX:TRP) stock is one of those deep-value dividend plays for the next decade and beyond.

Read more »

An analyst uses a computer and dashboard for data business analysis and Data Management System with KPI and metrics connected to the database for technology finance, operations, sales, marketing, and artificial intelligence.

Want to Get Richer? Here Are the 3 Best Stocks to Buy Now and Hold Forever

These three stocks all have fantastic operations and years of growth potential, making them three of the best to buy…

Read more »

Dividend Stocks

Income Stocks: A Once-in-a-Decade Chance to Get Rich

These two income stocks are among the best on the TSX for those seeking consistent total returns over a long-term…

Read more »