If you want to build a portfolio that keeps you from worrying about money, you need Canadian stocks that can grow, generate steady income, and survive market storms. With $250,000 to invest, spreading it across different sectors can give you both stability and upside. Three Canadian names stand out right now. Those are Celestica (TSX:CLS), Cameco (TSX:CCO), and Barrick Gold (TSX:ABX). Each performs strongly today but also has the kind of resilience that could keep paying off decades from now.
CLS
Celestica is relevant because it’s delivering blistering growth when many tech hardware companies are slowing. The Canadian stock just posted second-quarter (Q2) revenue of $2.89 billion, up 21% from last year, with adjusted earnings per share (EPS) climbing 54% to $1.39. Its operating margin hit a record 7.4%, proving it’s not just growing fast, it’s growing efficiently.
Celestica is riding demand from its cloud and connectivity customers, with guidance for 2025 revenue raised to $11.55 billion. That’s serious momentum. The Canadian stock already surged over 300% in the past year, so the valuation isn’t cheap at a forward price-to-earnings (P/E) of about 37. But in a long-term portfolio, a high-quality growth name in a sector that’s increasingly critical to the global economy can be worth the premium. The risk is that hardware cycles can turn fast, so if orders slow, the Canadian stock could see sharp corrections.
CCO
Cameco is a play on a structural shift in global energy. Nuclear power is regaining favour as countries look for clean and reliable electricity. Cameco’s Q2 results reflected that shift, with net earnings of $321 million and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $673 million, boosted by both uranium and fuel services demand and a big lift from its Westinghouse investment.
The Canadian stock locked in long-term contracts that protect it from weak markets while keeping upside if uranium prices rise, which they have. Its expected average realized price this year is now $87 per pound. The Canadian stock is up nearly 100% in the past 12 months, and the forward P/E of around 63 looks steep. Yet you’re buying a rare pure-play uranium giant with a strong balance sheet and a strategic foothold in the entire nuclear fuel cycle. The risk is production timing, with challenges like ground freezing and labour access potentially hitting output. For long-term investors, this is a cornerstone position in the clean energy transition.
ABX
Barrick Gold brings a different kind of stability, one tied to the enduring value of gold and the growing importance of copper. The Canadian stock’s Q2 showed why it’s considered a top-tier miner. Gold production rose 5% from the prior quarter, copper output jumped 34%, and free cash flow for the first half doubled year over year to $770 million.
The Canadian stock declared a $0.15 dividend, including a performance payout, and has been aggressively buying back shares. Barrick is also investing heavily in its pipeline, from expanding Pueblo Viejo to advancing the massive Reko Diq copper-gold project. Gold tends to hold value in uncertain times, while copper is central to electrification and renewable energy buildouts, giving Barrick exposure to two powerful trends. The stock trades at a forward P/E near 12, which is far cheaper than the other two picks here.
Bottom line
If I had $250,000 to deploy, I’d split it roughly evenly among these three. Celestica for tech-driven growth, Cameco for the nuclear power boom, and Barrick for precious metals and copper exposure. Together, these span different sectors, geographies, and macro drivers. The mix isn’t about chasing the highest yield or the flashiest story; it’s about owning assets with staying power — ones that can thrive in good times and hold their value when markets turn rough.
In the end, a worry-free portfolio isn’t built in a day. It comes from owning businesses that are leaders in their fields, have strong balance sheets, and operate in industries with long-term tailwinds. Right now, Celestica, Cameco, and Barrick check those boxes. Hold these for the next decade or more, reinvest the dividends, and let the compounding do the heavy lifting. That’s the kind of investing that lets you sleep at night while your money keeps working.
