Top Stocks to Double Up on Right Now

Here’s why Enbridge (TSX:ENB) and Shopify (TSX:SHOP) are two of the absolute best opportunities in the Canadian market to consider right now.

Key Points
  • The preeminent growth stock for long-term investors, Shopify (TSX:SHOP) stands out as a solid long-term holding for a few critical reasons
  • On the dividend front, few companies are better positioned for long-term total returns than pipeline giant Enbridge (TSX:ENB).

Canadian investors looking to put fresh capital to work have two standout opportunities to double down on right now. That said, there are so many different sectors and opportunities to consider in different corners of the market.

So, for those seeking top-tier growth and dividend stocks to consider right now, I’ve got a little bit of both with two key picks here. Let’s dive into two of the top TSX stocks I think remain solid long-term buying opportunities today, and why.

cookies stack up for growing profit

Source: Getty Images

Shopify

Shopify (TSX: SHOP) remains one of the market’s premier growth engines, and the company’s latest numbers show that story is far from over.

This past quarter, Shopify saw its revenue jump 31% year over year last quarter. Those results were primarily driven by the company’s higher‑margin merchant solutions segment climbing an even stronger 38%. Those are not the metrics of a mature, slowing tech name. Rather, they’re the kind of figures you typically see earlier in a company’s lifecycle. That said, Shopify’s global scale and reach continue to provide young growth stock-like returns for investors, of an incredible size.

With free cash flow hitting roughly $2 billion in 2025, I think there’s plenty of flexibility for Shopify’s management team to continue to reinvest in the business, fund AI initiatives like Sidekick, and still return capital via a $2 billion share buyback. That combination of strong internal funding and buybacks is exactly what long‑term investors want to see. This is a business that can self‑finance growth while steadily shrinking its share count.

As merchants consolidate onto best‑in‑class platforms and look for integrated payments, logistics, and AI tools, Shopify is positioned as a top beneficiary.​ In short, this is one of the best AI-adjacent stocks in the market right now, in my view.

Enbridge

On the other end of the spectrum, Enbridge (TSX: ENB) offers the kind of steady, contracted cash flows that can quietly make investors wealthier year after year.

This top dividend stock carries a current dividend yield around 5.3% and has plenty of catalysts that could drive further dividend growth over time. For one, Enbridge has a massive $39 billion secured capital program stretching out to 2033. This supports the company’s forecast of roughly 5% annual EBITDA growth. Crucially, those cash flows are backed by regulated and long‑term contracted assets, with many agreements indexed to inflation. What that means in plain English is that Enbridge’s earnings base is built to withstand commodity price swings.​

Layer that growth on top of an already generous dividend, and you get a very attractive total‑return profile for patient investors. Enbridge’s assets are increasingly leveraged to structural demand drivers like LNG exports, data centre power needs, and ongoing industrial growth, rather than short‑term oil price moves. For investors who rely on stable income but still want upside, that combination is compelling.​

In a market where many names have already run, doubling down on a barbell of Shopify’s high‑octane growth and Enbridge’s dependable income can help balance risk while keeping your portfolio pointed toward long‑term outperformance.

Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy.

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