The earlier you start investing, the faster you can grow rich and retire early. Yet many Canadians in their 20s do not use the Tax-Free Savings Account (TFSA) to its optimum. Statistics Canada’s TFSA contribution numbers for the 2023 tax year teach us something about Canadians’ investment behaviour.

Canadians have used only 20–30% of their TFSA contribution room through their peak working age of 30–50. We considered the Fair Market Value (FMV) to arrive at this figure. The contribution could have been lower as the investment returns are included in the FMV.

What the average Canadian TFSA balance at 60 can teach us

However, the TFSA contributions increased significantly from age 50. People in the 55–59 age group invested 25% more than those in the 50–54 age group. Those in the 60–65 age group invested 20% more than those in the 55–59 age group.

You can see that Canadians are playing catch-up to their TFSA savings after 50. No matter how much you invest in later years, it cannot compensate for the 20 years lost by staying away from the market.

Instead of investing $13,167 in the TFSA at age 60, had you invested that amount at age 45 in the iShares S&P/TSX Capped Information Tech Idx ETF (TSX:XIT), your TFSA FMV would be very different. Going 15 years back from 2023 means April 2008, before the financial crisis hit in September 2008.

In April 2008, the XIT ETF was trading near $8.36. A $13,167 investment would have bought you 1,575 units of the ETF, which are now worth $111,840. This TFSA FMV is more than double the $45,109 average TFSA balance 60-year-old Canadians have.

Even if you did not invest in the technology ETF but a dividend stock like Canadian Natural Resources (TSX:CNQ), your TFSA FMV would be $38,085.33. Adding up 15 years of cumulative dividends, you would have received $10,810 in passive income alone. In 2026, your 626 CNQ shares would fetch you $1,565 in annual passive income. Such returns would be possible had retirees of today started retirement planning at age 45.

Why invest in a technology ETF through a TFSA?

The XIT ETF is an attractive buy even today as it gives you exposure to Canada’s top-performing technology stocks. This ETF has dipped 19% from its October 2025 peak. It has the potential to grow your money by 15–20% annually for the next 15 years. A 15% compounded annual growth rate (CAGR) could convert $10,000 to $71,370, and a 20% CAGR to $144,070.

Technology keeps evolving. Different companies have different inflection points. The XIT ETF invests in all fundamentally strong companies, giving you comprehensive exposure to the technology supply chain. Here are two instances to give you a fair understanding of how the ETF manages to give an 18% CAGR.

The pandemic upside and limited downside

Shopify and Lightspeed Commerce were among the best-performing stocks during the pandemic. They drove XIT ETF’s value up 142% by October 2021. The ETF keeps rebalancing the holdings to replicate the index weightage. The index caps the relative weight of any single constituent at 25%. This prevents the downside risk as frequent profit booking and reinvesting take place. Thus, the ETF dropped 48% in the 2022 tech meltdown when Shopify and Lightspeed lost 83–88% of their value.

The artificial intelligence boom

The XIT ETF is now riding the AI boom, with Celestica taking the lead as the top holding in the ETF. While Celestica’s stock has rallied more than 1,500% since October 2023, the XIT ETF rallied 75% as it has recently increased its holding in the stock.

The ETF gives you exposure to all technology cycles, and rebalancing helps mitigate risk, making it a buy even at its high price.

The post What the Average Canadian TFSA Balance at 60 Can Teach Us appeared first on The Motley Fool Canada.

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• Maximizing Returns: How to Best Use Your TFSA in 2026
• Just Starting Out? 2 Simple ETFs That Any Canadian Investor Can Use
• How Does Your TFSA Compare to the $109,000 Milestone?

The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Canadian Natural Resources, Celestica, and Lightspeed Commerce. The Motley Fool has a disclosure policy. Fool contributor Puja Tayal has no position in any of the stocks mentioned.

The 2026 Tax-Free Savings Account (TFSA) contribution limit is set at $10,000. Even if you turned 21 this year, you have a $14,000 contribution room to use if you haven’t yet opened a TFSA. Many Canadians do not understand the potential of a TFSA and end up using it as a normal savings account. Instead of keeping your cash idle, you can invest that money in stocks and generate a steady cash flow. It is like you are getting paid to keep your money with the company.

How to set up your TFSA investment to generate steady cash flow

If you want to withdraw small amounts from your TFSA, you could consider building up a cash flow stream from dividend investments. Many of these dividend stocks have recovered from economic uncertainty and are trading near their 52-week high. Although you have missed the chance to buy the dip, they can still give you a steady cash flow.

CT REIT

CT REIT (TSX:CRT.UN) stock has recovered from its 2024 and 2025 dips when it traded below $15. It is currently trading near its 52-week high of $17.97. A recovery in real estate prices and interest rate cuts helped it recover from property price corrections. The real estate investment trust (REIT) also benefited from its parent company, Canadian Tire’s True North strategy to intensify its stores. The REIT continued to grow dividends by 2.5-3% even in economic weakness.

The next dividend growth, of probably 3%, is likely to come in July 2026. It is a good addition to your TFSA as it offers a dividend reinvestment plan, a 5.4% yield, and a monthly payout that is annually adjusted for inflation.

Energy stocks for TFSA cash flows

The first quarter of 2026 saw a drastic surge in energy stocks as the Venezuela oil crisis and the war in Iran created a supply shock. Share price of Canadian Natural Resources (TSX:CNQ) and Enbridge (TSX:ENB) surged as much as 64% and 20%, respectively, before correcting slightly.

Is it a good time to buy energy stocks for the long term?

I would suggest waiting for a correction as the global energy supply chain adjusts to the new reality. Oil and gas prices will remain elevated throughout the year, but energy stocks could correct. Canada will most likely benefit from the chaos. The country is strengthening trade ties with Asian countries to supply oil and gas through the North Pacific route. This new supply chain will take time to materialize, but it could give strong dividends for years to come.

Canadian Natural Resources will be a key beneficiary as it has the largest oil sands reserves in Canada and a cost advantage. Enbridge is also focusing on building gas pipelines to benefit from North American natural gas exports. The two companies will also benefit from artificial intelligence (AI) data center investment in the United States. These data centres need immense power, and their immediate power source is natural gas-fired power plants. Enbridge is exploring a $10 billion opportunity to directly deliver gas to such data centres.

Power Corporation of Canada

Power Corporation of Canada (TSX:POW) stock is trading at its all-time high as growing uncertainty has increased insurance demand. Power Corporation is a financial holding company, and its life insurance and wealth management holdings are generating strong dividend growth. Meanwhile, alternative investments and sustainable power ventures are seeing tepid performance. Power passes on the subsidiary dividend growth to shareholders.

How to invest $10,000 in the above TFSA stocks to generate a steady cash flow

A $2,500 investment in each of the above stocks through a TFSA can help you generate $462 in annual dividend income. The four stocks can help you diversify cash flow streams across sectors and asset classes.

The post How a $10,000 TFSA Investment Could Be Set Up to Generate Steady Cash Flow  appeared first on The Motley Fool Canada.

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Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources and Enbridge. The Motley Fool has a disclosure policy.

The Tax-Free Savings Plan (TFSA) is ideal to invest in high-yield and high-growth stocks. While there are many dividend stocks with a 9% and 10% yield, they carry equally high risk of a dividend cut. Meanwhile, this one dividend stock is working pretty hard to keep your TFSA returns attractive in 2026. Do not get fooled by the 3.7% yield, as this stock has more to offer than the yield.

One of the hardest-working picks in a 2026 TFSA

Manulife Financial (TSX:MFC) stock surged 14.5% from its March dip. The company announced 10% dividend growth for 2026, marking its twelfth double-digit dividend growth rise in 13 years. Manulife Financial’s core business is insurance, and its stock tends to rise when risks increase.

However, after the 2008 Financial Crisis saw the collapse of some of the biggest insurers, Manulife geared toward diversifying its revenue streams. It has expanded its portfolio to include wealth management services. The insurer is also expanding geographically and has partnered with Mahindra & Mahindra to enter the Indian markets. Growing exposure to Asia and global markets helped it offset the earnings dip in the United States.

Manulife has set new financial targets for 2027. Increase its core return on equity (ROE) to over 18% from 16.5% in 2025. Increase the Asia region’s core earnings contribution to 50% from 47% in 2025. All these expansion efforts show the hard work Manulife is putting in to avoid overreliance on insurance and one country. Nevertheless, it is vulnerable to a global economic crisis, which could increase claims.

Should you invest in this 3.7% dividend stock in 2026?

Manulife Financial has shown strong resilience over the last 12 years, consistently growing dividends even in the pandemic. It shows that product diversification has reduced the downside risk. The stock trades at a higher valuation of 11.6 times forward price-to-earnings ratio. Still, it is a buy for its dividend growth.

Manulife Financial’s 2025 dividend payout ratio of 42% is within its target range of 35–45% despite the 10% growth in dividends. This shows that the company can sustain its dividend growth. A good strategy for investing in this stock would be to buy a small quantity every month. Instead of investing $3,000 today, you can spread the investment over 10 months, investing a little over $300 every month. Or you could set a target to buy five shares of Manulife every month to take advantage of dollar cost averaging.

Compounding dividends

The major reason Manulife is a buy in a TFSA is because of the dividend reinvestment plan (DRIP). Most high dividend growth stocks do not offer DRIP or have suspended the plan. However, with Manulife, you can not only grow dividends by 10% but also use them to buy Manulife DRIP shares, which will also pay dividends.

A $3,000 investment in Manulife today will buy 56 shares, which will pay a $108.60 dividend in 2026. Assuming Manulife continues to grow dividends by 10% and its stock price also grows by 10%, you will earn eight DRIP shares in five years. Your dividend income will grow to $181.74.

If you keep accumulating 50 shares every year for the next five years, your DRIP share count could grow to 18, and your total shares could increase to 274. They could earn around $779 in annual dividends.

However, avoid investing a large portion of your TFSA portfolio in one dividend stock. It could increase company-specific risk.

The post This 3.7% Dividend Stock Might Be One of the Hardest-Working Picks in a 2026 TFSA appeared first on The Motley Fool Canada.

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• 2 Blue-Chip Dividend Stocks Canadians Might Want to Own
• The TSX Stock I’d Most Want to Hold Forever – Especially Inside a TFSA

Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Have you ever wondered how the stock market always recovers from the worst of the crisis? Every situation brings opportunities for some and challenges for others. The ones with opportunities grow up in the ranks or enter the markets, while those with challenges fall in the ranks, and some even exit the market. You might be holding several tech, energy, financial, and real estate stocks in your Tax-Free Savings Account (TFSA). A simple adjustment could help you unlock value and shield your portfolio from 2026 risks.

The market scenario in 2026

The year 2026 started with an energy shock, sending all Canadian energy stocks to a new high. A similar pattern was seen in the 2022 Russia-Ukraine war.

If you own Suncor Energy (TSX:SU) in your TFSA, you saw its value surge 55% this year to as high as $94.34. But a correction is on its way. Does this call for some profit booking? If we draw parallels with the 2022 situation, Suncor stock surged 45% in three months from March to May before correcting 30% in the next four months. The stock has completed its three-month rally, and the WTI price has touched US$112.95.

Oil prices cannot go beyond a threshold; otherwise, it will trigger a dip in demand. Countries start rationing oil, reducing consumption, and shifting to alternatives, thereby pulling down oil prices. The 1970s and 80s oil crisis is a textbook example of this scenario.

But why are we discussing this? It is time to make that small TFSA adjustment to protect your portfolio from falling in 2026.

One simple TFSA adjustment that could help shield you in 2026

Suncor Energy and other oil and gas stocks, like Cenovus Energy, could see a correction anytime soon. But what if they rise further? You can take the mid-route and sell 25-30% of your oil and gas shares at the current peak, while holding the rest. This way, you will book profits and have some shares that could benefit from another upside, if any.

Instead of withdrawing that amount from your TFSA, you can reinvest the profits in Shopify (TSX:SHOP) and Descartes Systems (TSX:DSG). Some resilient technology stocks are currently down.

Shopify

Shopify is at its seasonal low. It tends to pick up momentum in October and peak in November and February. Its business is based on the flywheel concept, where better sales for merchants convert to better revenue for Shopify. The company has introduced some artificial intelligence (AI) tools to help merchants improve the online store performance, target customers more efficiently, and generate better sales. The next three to four years could see AI-driven growth materialize.

Descartes Systems

Descartes Systems offers logistics and supply chain management solutions largely in the United States. First, the tariff war and then the Iran war disrupted trade volumes, pulling down Descartes stock. Now is the time to buy it as the United States returns the tariff money and the intensity of tariffs eases.

Whenever trade issues ease and volumes pick up, Descartes will be ready to cater to the changed needs of the new supply chain. For that, it has been acquiring several smaller companies for their technology.

Investor takeaway

Such timely rebalancing from outperforming segments to underperforming segments with future growth potential can be done tax-free in your TFSA. Otherwise, in a normal account, the profit booking from Suncor would trigger a capital gain tax. Such taxes often dilute the impact of rebalancing. Many Canadians are not aware of the true potential of tax-free growth of investments and miss out on such opportunities.

The post 1 Simple TFSA Adjustment That Could Help Shield You in 2026 appeared first on The Motley Fool Canada.

More reading

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• 1 Canadian Energy Stock That Looks Like a Compelling Buy Right Now

The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Descartes Systems Group. The Motley Fool has a disclosure policy. Fool contributor Puja Tayal has no position in any of the stocks mentioned.

Canadian energy stocks, artificial intelligence (AI) stocks, and any other growth stocks have already reached their peak valuations. It might get you thinking, or rather overthinking, if you should buy these stocks at their peak. Companies that are already growing can give you immediate returns, but for risk-averse overthinkers, they will always be risky investments. If you have $3,000 and want to invest in high-potential growth stocks without overthinking, be ready to buy and forget for at least five years.

2 high-potential growth stocks worth buying without overthinking it

The potential growth comes from companies investing in the future whose growth cycle has not yet begun or is in early stages. Such companies also come with risks of failure in a crisis. Nevertheless, the rewards are worth the risk as they trade at cheap valuations.

The potential growth of Ballard Power

Ballard Power Systems (TSX:BLDP) stock jumped 75% after releasing its 2025 earnings on March 10. And if you think the stock has already rallied, look at its growth potential. Ballard Power Systems has been working on hydrogen fuel cell technology for decades. After several trials and errors, the technology became workable and is now heading towards being commercially feasible.

One major reason hydrogen cars have not yet hit the roads is the high cost of ownership and the refueling infrastructure. Ballard has been working with several European and North American companies to run commercial vehicles on hydrogen. Buses and rail have been the revenue generators so far.

Even with orders in the pipeline, project feasibility was not assured. Ballard has reduced these instances over the years and reported its first-ever gross margin in 2025.

The company has even hired professional management — a new CEO and COO — and tasked them to improve fundamentals and turn the company’s cash flows positive by 2027. This fundamental reset could give some earnings and sales to compare prices with. Right now, the best valuation for Ballard is price-to-book value, which is at 1.7 times

If hydrogen fuel adoption picks up, especially in an energy crisis, Ballard stock could give triple-digit growth in five years. It also carries a risk of a slow uptick in technology, as was the case with the Internet of Things. Even when technology is good and commercials are attractive, widespread adoption is not guaranteed, which brings risk and prevents tech companies from taking on debt.

Topicus.com stock

Topicus.com (TSXV:TOI) stock lost 53% of its value when the parent company’s founder resigned. Moreover, fears of AI replacing software maintenance jobs left almost all enterprise software companies in the red. Many software companies joined hands with AI-first companies, exploring ways to fit AI. Such companies are struggling to justify the AI cost. The other type is AI-first companies, like Claude and OpenAI. They are built on AI, and their key product is AI. They are offering agentic AI services to enhance human productivity.

Topicus.com acquires software companies that work on mission-critical applications and thrive on the maintenance cash flow. It is observing how AI is changing the landscape and is open to exploring opportunities where there are returns. While the AI risk exists, the market seems to have discounted the stock too much.

Topicus.com reported a 53% decrease in net income in 2025 because it used the equity method of accounting for the stake it bought in publicly traded Asseco Poland. In this method, Topicus.com updated the value of its share holdings in Asseco every quarter. However, this method doesn’t align with Topicus.com’s business model, which is more focused on free cash flow.

The 2026 earnings could see a remarkable recovery as it ends the equity method of accounting and continues to realize the cash flows from Asseco. The steep decline in share price has made the forward price-to-earnings (P/E) multiple of 22.5 times attractive. It is the lowest in two years. When earnings per share are corrected in 2026, the stock price could surge to adjust to the P/E multiple.

The post Have $3,000 to Invest? 2 High-Potential Growth Stocks Worth Buying Without Overthinking It appeared first on The Motley Fool Canada.

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The Motley Fool has positions in and recommends Topicus.com. The Motley Fool has a disclosure policy. Fool contributor Puja Tayal has no position in any of the stocks mentioned.

Building your Tax-Free Savings Account (TFSA) portfolio? High growth and high dividend stocks should be your ideal choice to make the most of the TFSA. It allows your investments to grow tax-free. It means you can rebalance your portfolio within the TFSA without triggering any tax event from the sale of shares.

Why every TFSA must have a Canadian ETF

Individual stocks carry company-specific risk that could make your portfolio volatile in difficult times. A strategic asset allocation in a Canadian ETF can mitigate risk by spreading your investments across stocks and automatically rebalancing alongside the market movement.

What does this mean?

Many Canadians delay investing in stocks due to fears of parting with their cash for the long term. Stock market investing brings company-specific risk and opportunity. When you buy the dip of a fundamentally strong stock, you know it will give you good returns. However, when those returns will come is a matter of forecast. This creates a liquidity risk. When you need money the most, the stock may not be at its best price, and you might be forced to sell at a loss.

A market ETF reduces this risk as it is relatively less volatile than an individual stock. An ETF mirrors an index and quarterly rebalances stock weightage to match the index. This rebalancing automatically reduces exposure to poor-performing stocks and increases exposure to the performing ones.

One strategic Canadian ETF every TFSA should have

As the world moves towards artificial intelligence (AI), the technology sector is set to experience high growth. However, it comes with extreme volatility because of the disruptive nature of the tech revolution. For instance, cloud replaced licensing software in many applications, and now AI is replacing some basic software. While new technology disrupts older technology, it also creates new opportunities for upgrade and efficiency.

A technology ETF helps you capture the opportunity of new technology, and auto rebalancing can reduce the downside risk of outdated tech. iSharesS&P/TSX Capped Information Tech Idx ETF (TSX:XIT) invests in some resilient technology stocks. It has around 25% holdings in each Shopify, Constellation Software (TSX:CSU), and Celestica (TSX:CLS).

The three stocks are market leaders in their segments of e-commerce, vertical-specific software, and original design manufacturers (ODMs).

Celestica stock

Celestica’s stock has surged 50% in April as it onboarded a third hyperscaler customer. The company will manufacture network switches for Advanced Micro Devices’s Helios rack-scale AI platform. Celestica is riding the AI rally by providing assembly and manufacturing services for cloud networking and AI data centres. The company has graduated from being a contract manufacturer to ODM and is preferred by all big names in the AI space.

Constellation Software

Constellation Software has been in a downturn since its founder resigned for health reasons. Although the chief operating officer has taken the reins, a business succession is never without hiccups. The timing of the succession has made investors apprehensive as AI is challenging the need for sticky licensing software, on which Constellation’s portfolio is built. The company even reported a 30% decrease in net income in 2025 as the acquisition of Asseco Poland shares increased its finance cost.

However, its secular growth trend of acquiring cash flow-rich vertical-specific software companies and reinvesting that cash to buy more companies remains intact. The company will work towards reducing its leverage and increasing its free cash flow as opportunities come. That will drive long-term growth.

How the XIT ETF can help your TFSA

If you were to invest $10,000 each in the above three stocks on January 1, 2026, your portfolio value would be volatile. If it weren’t for Celestica, the other two stocks would have reduced portfolio value significantly. The XIT mitigates this blow and gives you similar exposure.

Also, you can get exposure to all three stocks for just $70.6 per unit of the XIT ETF, for which you would otherwise need more than $3,200 to buy one stock of each.

The post The 1 Strategic Canadian ETF I’d Make Sure Every TFSA Includes appeared first on The Motley Fool Canada.

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The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Advanced Micro Devices, Celestica, and Constellation Software. The Motley Fool has a disclosure policy. Fool contributor Puja Tayal has no position in any of the stocks mentioned.

You planned to clear all your debts by 50, retire at 60, let your investments pay for the next five years, and then collect Canada Pension Plan (CPP) at 65. However, not everything goes as planned. Chaos often comes unannounced, disrupts your well-crafted plan, and sidetracks your goals. When uncertainty strikes, you need a bolder savings approach to get your investments back on track.

Are you falling behind on your retirement goals?

You might be in your early 40s or late 30s, and your Tax-Free Savings Account (TFSA) is barely $20,000. It may look like you are falling behind if your friends and colleagues are ahead in their savings game. But a $20,000 TFSA balance at age 40 is pretty average. Many Canadians often boost their retirement savings when they turn 45.

If you thought about retirement at 35 or 40, you are still ahead in the game. A 20-year investment horizon and some bolder investments in cyclical and high-growth tech stocks can put you back on track.

Two bold stocks to boost your retirement portfolio

When we speak of retirement savings, you always hear passive income, dividend stocks, and resilient growth stocks. But this is a bolder approach of investing in assured growth with a buffer to downside risk by ensuring the company’s fundamentals can protect it from going under.

Gold stocks

Lundin Gold (TSX:LUG) is a gold mining stock you ought to have in your retirement portfolio. And not just 5% but 10-15% of your portfolio should be invested in it. The economic power shift, global wars, and currency revaluations are strengthening gold. When the economy and markets collapse, even gold falls, but it is the first one to recover. The printed currency is reaching its cyclical peak. Drawing parallels with the 1980s oil crisis, the Great Depression, and the 2008 Global Financial Crisis, when confidence in the printed currency was shaken, gold rose.

Lundin Gold can give you exposure to the gold price as it mines gold and stores it as inventory to sell. With zero debt and a low all-in-sustaining cost (AISC) compared to its peers, Lundin is making the most of the rising gold prices. The gold price is falling at the moment, creating a buying opportunity. Any uncertainty or interest rate cut will drive up the gold price and the stock of Lundin Gold.

The best way to optimize returns in this cyclical stock is to rebalance your portfolio by booking timely profits. You can invest $10,000 to buy 100 shares below $100 and sell half the shares when the investment value doubles. So, your investment will remain $10,000, and any growth above can be cashed out and reinvested in long-term growth stocks.

A long-term growth stock to boost retirement

The TFSA allows you to invest in U.S. stocks and retain the advantage of tax-free capital growth. Broadcom (NASDAQ:AVGO) is a long-term growth stock that has the potential to give you high growth in every technology revolution. This company makes communication chips, from Wi-Fi routers to Ethernet switches that ensure a seamless flow of data and internet, and improve efficiency.

Broadcom is not just one player but the market leader in communication chips. It has evolved its technology through innovation and acquisition to make an ecosystem instead of just one piece of communication. Broadcom acquired Symantec and VMWare for software and cybersecurity. It has made some of the boldest and largest tech acquisitions and made it successful in the long term.

In the last 10 years, Broadcom stock surged 2,800%, riding the 4G Long Term Evolution (LTE), 5G, cloud computing, and now AI network infrastructure. You know this stock will grow in the long term in every technology evolution by focusing on its not-so-high-margin but one of its stickiest products: Ethernet switches.

The post How This Bolder Savings Approach Could Help You Catch Up on Retirement Goals appeared first on The Motley Fool Canada.

More reading

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Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

The stock markets are reviving after a pullback in March 2026 due to the war in Iran. The war came as a shock and redirected capital away from tech and gold stocks toward oil. Traders rushed to make short-term gains from the oil supply shock. As we saw with the Russia-Ukraine war and the Venezuela oil crisis, markets overcome the shocks and return to fundamental growth. Several tech and gold stocks bounced back in April.

2 TSX stocks to buy aggressively the next time markets pull back

Celestica stock

After falling 27% in February and early March 2026, Celestica (TSX:CLS) stock has surged 60%. It shows no signs of slowing. If only you had bought the stock during the market pullback.

One reason for the decline is a report from Digitimes that Google may potentially shift tensor processing units (TPUs) assembly work away from Celestica. The companies did not confirm the reports, but it pulled the stock down as investors feared loss of a hyperscale client.

Celestica has grown from being an assembler and electronic manufacturer to a custom Original Design Manufacturer (ODM). In the fourth quarter 2025 earnings call, its CEO stated that it has secured a significant order for a 1.6T networking switch platform from a third hyperscaler customer. Having one hyperscaler alone means significant volumes, and Celestica now has three.

In March 2026, Celestica collaborated with Advanced Micro Devices to design and manufacture networking switches for the latter’s “Helios” rack-scale artificial intelligence (AI) platform. This hints that Celestica will significantly exceed its 2026 revenue guidance of $17 billion.

Celestica is building manufacturing capacity in Taiwan and a high-performance system design center in Austin, Texas. Once these capacities come online, revenue could grow even further, making Celestica a buy as the AI data centre growth cycle is heating up once again.

Kinross Gold stock

After falling 28% in March 2026, Kinross Gold (TSX:K) stock has surged 32% to $47.88 and has still not reached its January high of $53.57. The stock fell as the gold price crashed due to rising crude prices. The Iran war diverted world central banks’ gold buying momentum as many countries struggled to control inflation without increasing interest rates.

Buying crude at higher prices further encouraged them to build more gold reserves amidst geopolitical uncertainty, wars, and de-dollarization. The gold supply is limited, and central bank buying will only increase the price of gold.

Kinross Gold is one of the largest gold mining companies having mines in Brazil, the U.S., Chile, and Mauritania. It plans to produce two million ounces of gold in 2026 at an all-in-sustaining cost of US$1,730/ounce. It generates a higher free cash flow (FCF) of $1,237 per ounce of gold produced compared to larger mines, representing a FCF yield of 10%.

Its stock is sensitive to the gold price, as a higher price fetches it more value for its inventory and achieves higher FCF. Gold price will continue to rise amidst geopolitical tensions, making Kinross a stock to buy aggressively on the next dip.

The post 2 TSX Stocks I’d Buy Aggressively the Next Time Markets Pull Back appeared first on The Motley Fool Canada.

More reading

• TSX Today: What to Watch for in Stocks on Wednesday, April 29
• The Canadian Stocks I’d Consider If I Had $5,000 to Invest in 2026
• The 1 Strategic Canadian ETF I’d Make Sure Every TFSA Includes
• 3 Stocks Worth Buying and Holding Through 2026 and Beyond
• What is One of the Best Tech Stocks to Own for the Next Decade?

Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Advanced Micro Devices, Alphabet, and Celestica. The Motley Fool has a disclosure policy.

The US-Israel-Iran war has ignited the global energy crisis. There is demand and supply, but the means for supply to reach the demand have been hit by war. The Strait of Hormuz is the main route to ship 25% of the world’s oil. With ships not allowed to pass, US oil inventory figures keep rising.

What is driving energy prices?

The oil prices are now being determined by the next shipping update rather than by the U.S. inventory figure. The shipping update depends on how negotiations progress. Thus, one day you see the Brent Crude price drop to US$90/barrel, and the next day it touches US$106. The value of Brent crude influences the value of Western Texas Intermediary (WTI) crude.

In the Russia-Ukraine scenario, we saw a shift in the supply chain. Europe shifted from Russian gas to North American alternatives. Southeast Asia moved from American to Russian gas. The Iran war could bring another structural change in the supply chain. This time, Canada could be one of the beneficiaries as its LNG Canada exports take the western North Pacific route, away from the Strait of Hormuz.

US oil and gas exports are concentrated towards the eastern side and dependent on the Strait of Hormuz to transport oil to Asia. The war is destroying critical infrastructure in Iran. There is no end in sight, and thus, efforts to restore the trade situation to peaceful transit are stymied. It now makes economic sense for Canada, Russia, China, and Australia to invest in oil and gas transit infrastructure in the North Pacific, which was earlier a risky and expensive venture.

Canadian energy dividend stocks worth watching right now

Canadian energy stocks are surging as oil prices rise and energy infrastructure stocks are surging as the government accelerates construction. Three Canadian energy dividend stocks are worth watching as the new energy supply chain sets in.

Canadian Natural Resources

Canadian Natural Resources (TSX:CNQ) has the second-largest oil sands reserves, produces both oil and natural gas at low cost, and is connected to pipelines. The stock surged 32% year-to-date as WTI prices increased above US$90 when the company increased production. The energy producer will enjoy windfall gains from the high price, which it will use to strengthen its balance sheet and buy back shares.

If Canada expands its energy export market, Canadian Natural Resources will have more bandwidth to expand and increase production. Its low price will help it enjoy strong free cash flows and grow dividends at an accelerated rate. Earlier fears of a significant number of liquified natural gas (LNG) export facilities creating a supply glut have faded. The need for a secure and stable supply could drive demand for Canadian oil and gas.

Suncor stock

Suncor Energy (TSX:SU) could be a key beneficiary of Canada’s energy growth story as the country’s largest integrated oil company. The company has been reducing its WTI breakeven from US$53 to US$43/barrel and aims to reduce it by another US$5 by 2028. Both Suncor and CNQ include their dividends and net capital cost in the breakeven cost.

The commodity market is shifting. Countries are diversifying their energy sources, reducing dependency on one supplier. The demand for an assured and stable energy supply makes Canada an attractive alternative for new trade deals.

Canadian energy pipeline stocks worth watching right now

In this energy shift, TC Energy (TSX:TRP) could take the spotlight in the Canadian LNG export opportunity. Its Coastal Gaslink pipeline accumulates LNG from other pipelines and connects it to LNG Canada, from where the gas is shipped. With Canada expanding LNG Canada capacity, Coastal Gaslink could transmit significant volumes, which could drive dividend growth.

TC Energy has spun off its Achilles heel, the oil pipeline business, to focus on fast-growing gas pipelines. It is a stock to own for capital and dividend growth.

The post The Canadian Energy Dividend Stocks Worth Watching Right Now appeared first on The Motley Fool Canada.

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Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources. The Motley Fool has a disclosure policy.

Many Canadians often realize the true wealth generation potential of a Tax-Free Savings Account (TFSA) later in life. The average TFSA balance of the 45–49 age group was $24,150 in 2023, even when the cumulative contribution room was $88,000. With an average unused contribution of $61,381, you still have time to boost your TFSA.

Staying invested in fundamentally strong stocks brings compounding returns. You cannot make up for the lost time, but a few fast-growing stocks can give your TFSA a meaningful boost.

Two TSX stocks to boost TFSA returns

Micron Technology (TSX:MU) stock has jumped 650% since April 2025 and shows no signs of slowing. This crazy rally mirrors that of Nvidia back in 2023. When analysts said Nvidia is too expensive after a 700% rally, there was a pause in growth, only for another 700% rally to follow. Micron is having an Nvidia-moment. The 2025–2027 period could become an historic growth cycle for this stock.

Memory chips are used in almost every device and in different forms. The dynamic random access memory (DRAM) that goes inside a desktop can’t be used in a laptop, mobile, server, or cloud network. All these platforms need memory just as they need electricity, but their forms are different.

Hyperscalers are pouring billions into building artificial intelligence (AI) data centres. While they have achieved desired results from less-powerful graphics processing units and processors, memory needs have no alternative. Processing large language models needs DRAM to access and process data and NAND to store them. High bandwidth memory (HBM) that goes into AI data centres is commanding high margins for Micron.

The HBM demand is so high that Micron and its two fellow memory chip makers are spending billions on building new facilities. The HBM has created a whole new memory chip category, like PC DRAM and mobile DRAM.

When will this cycle end? Analysts say the cycle will continue at least till mid-2026. But Micron sees no signs of slowing in 2026.

Is Micron a TFSA stock to own?

Buying midcycle has its risks. You are constantly worried about when the cycle will end. That makes the stock even more volatile around quarterly earnings as the numbers will drive the story forward. The fiscal 2026 first-quarter earnings in December sent the stock up 87% in little over a month. However, second-quarter earnings in March pulled the stock down 30% in less than 15 days. The dips are always steeper than rallies.

What makes me bearish on Micron is its data centre revenue growth. It is the fastest-growing segment, with revenue growing 51% and then 140% sequentially in the last two fiscal quarters. It now accounts for 24% of Micron’s overall revenue. This contribution could continue to grow throughout 2026 as the company ramps up HBM4 production. The rate of growth will slow, but a higher contribution from high-margin products could see earnings growth and drive the next growth cycle.

Once the data centre cycle ends, the autonomous cars and then the humanoid cycle will come. Such cyclical rallies make Micron a TFSA stock to own.

Ballard Power Systems

Another TFSA stock to buy-and-forget is Ballard Power Systems (TSX:BLDP). It is strengthening its commercial reins to boost the adoption of hydrogen fuel cell technology. Like every technology stock, it could grow by leaps and bounds with widespread adoption of its products.

Ballard’s stock price has surged 77% since its 2025 earnings release, when it reported its first positive gross margin. The company has introduced a new product that aims to reduce the total cost of ownership and bring it on par with a diesel engine. It has a new CEO whose aim is to make the company cash flow positive by 2027 by optimizing working capital, improving pricing, controlling costs, and prioritizing markets.

A fundamental reset in 2026 could make Ballard attractive to value investors.

The post 2 TSX Stocks That Could Give Your TFSA Returns a Meaningful Boost appeared first on The Motley Fool Canada.

More reading

• 3 Stocks That Could Deliver Impressive Long-Term Growth
• Have $3,000 to Invest? 2 High-Potential Growth Stocks Worth Buying Without Overthinking It
• What the Average Canadian TFSA Looks Like at 50 – and 3 Stocks That Could Help You Catch Up
• 1 Canadian Stock I’d Be Happy to Keep in My TFSA Forever
• How Much Should a 20-Year-Old Canadian Have in Their TFSA to Retire?

Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Micron Technology. The Motley Fool has a disclosure policy.