Historically, equity markets have enabled long-term investors to generate outsized gains over time and consistently beat inflation. However, it’s crucial to identify a portfolio of quality companies poised to grow revenue and earnings at a steady pace, which should translate to market-beating returns over the upcoming decade.
In this article, I have identified three top TSX stocks to help you retire rich.
Canadian National Railway stock
Canadian National Railway (TSX:CNR) reported robust Q1 results, with 8% earnings growth and a 20-basis-point operating ratio improvement, demonstrating operational resilience despite economic headwinds. The railroad giant maintains full-year earnings per share (EPS) growth guidance of 10-15% while tightly managing costs and resources to enhance margins.
CN’s strategic positioning across all three North American coasts provides unique competitive advantages, as it expects the Prince Rupert gateway to be a key growth catalyst through diversified commodity handling and expanded intermodal capacity.
Recent labour agreements in Canada and the U.S., featuring 3% annual wage increases, ensure operational stability while supporting long-term growth initiatives. Canadian Railway’s economies of scale are expected to result in efficiency improvements as management maintains disciplined resource allocation.
CN anticipates volume and margin acceleration in the second half of 2025, driven by company-specific initiatives and investments in the Prince Rupert gateway.
The railway’s extensive network, operational excellence, and strategic coastal positioning create sustainable competitive moats while delivering consistent shareholder value through measured capital deployment and margin expansion.
Brookfield Asset Management stock
Brookfield Asset Management (TSX:BAM) is an alternative asset manager. Valued at a market cap of $34 billion, BAM manages more than US$1 trillion in total assets.
In Q1, BAM’s fee-related earnings surged 26% year over year to a record US$698 million. The global alternative asset manager, overseeing US$550 billion in fee-bearing capital, capitalized on market volatility by deploying US$16 billion into new opportunities while monetizing US$22 billion in assets.
It raised US$25 billion in fresh capital during the quarter, including US$7.1 billion for its flagship real estate strategy and US$1.5 billion for its global transition fund. Brookfield’s diversified approach across real estate, infrastructure, renewable power, and private equity positions it well to navigate uncertain market conditions.
With US$1.4 billion in available liquidity and access to over US$4 billion in additional debt capacity, Brookfield maintains financial flexibility to pursue growth initiatives and capitalize on market dislocations when competitors retreat.
ATD stock
The final blue-chip TSX stock on the list is Alimentation Couche-Tard (TSX:ATD), a company that operates convenience stores and fuel service stations.
Alimentation Couche-Tard posted solid third-quarter results with adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) climbing 11.3% year over year, driven by higher road transportation fuel margins and organic growth in convenience operations.
The convenience store and fuel station operator overcame softness in fuel demand by focusing strategically on food programs and customer loyalty initiatives.
ATD expanded its meal deal promotions to Canada while seeing strong growth in its U.S. Inner Circle loyalty program, demonstrating effective value positioning amid consumer spending pressures. Couche-Tard continues to pursue cost discipline through technology investments and commissary network expansion, supporting food and merchandise operations.
The potential acquisition of Seven & I Holdings represents a transformative opportunity to accelerate the global growth of the 7-Eleven brand. With same-store sales gains across Canada and Europe, Couche-Tard’s economies of scale and counter-positioning strategy position it well for continued market share expansion.
