Investing in dividend stocks could be a smart way to generate passive income while growing your wealth over time. But what if you only have a small amount of capital to start with? Don’t worry, there are still plenty of opportunities on the Toronto Stock Exchange for investors like you. Today, I’ll highlight one such opportunity that could be perfect for those looking to start their dividend investing journey without breaking the bank. I’m talking about Nexus Industrial REIT (TSX:NXR.UN), a Canada-based real estate investment trust (REIT) focused on increasing unitholder value through the acquisition and management of industrial properties across the country. With a current stock price of $7.61 per share, this could be an excellent entry point for investors looking to get in on the action without shelling out a fortune.

A closer look at Nexus Industrial REIT

Nexus Industrial REIT owns a portfolio of approximately 89 properties comprising around 12.9 million square feet of gross leasable area. Its properties are spread across primary and secondary markets in Canada, making it a well-diversified player in the industrial real estate space. The company generates revenue through rental income from its tenants, which include a mix of businesses from various industries.

Nexus Industrial REIT has risen by 8.3% over the last 52 weeks, giving it a market cap of $742.1 million, making it a mid-cap player in the Canadian real estate investment trust (REIT) sector. The company also offers a monthly dividend with an impressive yield of 8.4%, which is quite attractive for income-oriented investors.

Key factors behind recent performance

Despite some short-term challenges, Nexus Industrial REIT posted strong operational performance in the latest quarter. In the fourth quarter of 2025, its net profit was $30.6 million, driven by net operating income (NOI) of $33 million and fair value adjustments of $20.3 million. More importantly, its industrial same property NOI increased 2.8% YoY (year-over-year) to $30 million. The REIT also sold a land parcel in Anjou for $8.5 million.

The company has been actively acquiring and developing new properties to expand its portfolio and increase rental income. For instance, in 2025, it completed two value-accretive projects: a 325,000 sq ft expansion in Ontario and a 115,000 sq ft small-bay complex in Calgary. These projects are expected to contribute significantly to the company’s net operating income (NOI) in the coming years.

Similarly, Nexus Industrial REIT has been focusing on optimizing its portfolio by selling non-core assets and reinvesting the proceeds into more profitable opportunities. This strategy has helped the company improve its financial metrics and strengthen its balance sheet.

Why Nexus Industrial REIT is a great investment right now

Two of the key reasons why I find Nexus Industrial REIT to be a great long-term investment are its strategic initiatives and strong management team. The company’s focus on acquiring high-quality industrial properties in key markets across Canada is expected to drive rental income growth and improve occupancy rates.

Moreover, Nexus Industrial REIT has been actively pursuing development opportunities to expand its portfolio and generate additional revenue streams. With a weighted-average lease term of 6.9 years and an industrial occupancy rate of 96%, the company is well-positioned to weather economic downturns and maintain stable cash flows. Overall, the REIT’s attractive dividend yield, strong financial performance, and long-term growth prospects make it an excellent investment opportunity for income-oriented investors.

The post 1 Reliable Dividend Stock Worth Buying Even If You Only Have $400 to Invest appeared first on The Motley Fool Canada.

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Nexus Industrial REIT. The Motley Fool has a disclosure policy.

2026

Over the last decade, Brookfield (TSX:BN) has quietly built a track record that long-term investors envy. The stock delivered annualized returns of nearly 15% while growing its dividend at roughly 10% per year. Behind that performance is a disciplined expansion strategy that pushed assets under management past US$1 trillion and fee-bearing capital above US$600 billion.

But the real question for investors today is not what Brookfield has done — it’s what comes next. In 2026, the company appears positioned to benefit from several powerful global tailwinds that could sustain its outperformance.

A multi-decade investment supercycle

Brookfield believes a structural, multi-decade investment cycle is underway, driven by rising electricity demand, artificial intelligence (AI), and shifting global supply chains. These forces are foundational changes in how economies operate.

Research from McKinsey & Company suggests global infrastructure investment could exceed US$100 trillion by 2040. That creates a massive runway for firms like Brookfield with expertise in deploying large-scale capital into essential assets.

CEO Bruce Flatt has emphasized a consistent strategy: disciplined transformation. Rather than relying on financial engineering, Brookfield focuses on operational improvement, capital recycling, and long-term value creation. This approach has proven resilient across economic cycles — and is even more relevant in today’s ever-changing environment.

Where growth is coming from in 2026

Brookfield’s strategy for 2026 centres on sectors where demand is accelerating and supply remains constrained.

Infrastructure and AI:

AI is emerging as a major growth engine. The rapid expansion of data centres — which Brookfield describes as “AI factories” — is driving unprecedented demand for reliable, large-scale power. This plays directly into Brookfield’s strength in infrastructure and energy.

Renewable power and energy transition:

Electricity demand is rising faster than supply due to electrification, digitalization, and industrial growth. Brookfield is investing across a broad energy mix, including renewables, nuclear, natural gas, and battery storage, positioning itself as a key enabler of the global energy transition.

Private equity and real estate recovery:

In private equity, Brookfield is targeting operational improvement and business transformation, especially in industrial businesses needing modernization. Meanwhile, real estate may be entering a recovery phase as financing conditions stabilize. Brookfield is preparing to deploy capital into housing, logistics, and hospitality assets at attractive valuations.

Valuation and investor opportunity

Despite these strong tailwinds, Brookfield stock is currently trading at under $57 per share, about 16% below recent highs. The analyst consensus price target suggests the stock could be undervalued by more than 20%, implying upside potential of roughly 30% to fair value.

For patient investors, this disconnect between price and long-term value may represent an opportunity. Brookfield’s business model — anchored in real assets, essential services, and fee-based earnings — provides both stability and growth potential.

Investor takeaway

Brookfield enters 2026 with momentum, scale, and exposure to some of the most important global investment themes, including AI infrastructure and the energy transition. Backed by a proven management team and a disciplined strategy, the company appears well-positioned to continue compounding value. While short-term volatility is always expected, long-term investors may find Brookfield stock an attractive buy on dips as it capitalizes on a multi-decade opportunity.

The post What’s on Tap for Brookfield Stock in 2026? appeared first on The Motley Fool Canada.

Fool contributor Kay Ng has positions in Brookfield. The Motley Fool has positions in and recommends Brookfield. The Motley Fool recommends Brookfield Corporation. The Motley Fool has a disclosure policy.

2026

If you want Canadian yield-generating names with real momentum, the best setups right now are the ones pairing strong top-line expansion with improving margins and visible forward guidance.

That’s where the market tends to reward investors most, especially when earnings power is still accelerating beneath the surface. Here are three companies I think fit the bill for those searching for the best Canadian dividend stocks in the market right now.

Fortis

Perhaps my top long-term dividend stock pick on the TSX, Fortis (TSX:FTS) is a company I think fits most investor portfolios well. The utility giant has boasted more than five decades of consecutive annual dividend increases, and is simply one of the best dividend growth stocks in the market overall.

This incredible dividend compounding over time is the direct result of a durable business model that generates highly predictable cash flow from a large customer base across Canada, the U.S., and the Caribbean. That matters because utilities do not need booming economic conditions to perform. Rather, they need regulated returns, disciplined capital spending, and steady rate-base growth. In a market that still feels choppy, that combination can be powerful.​

What makes Fortis attractive now is the balance between defence and growth it provides investors. For those looking for solid dividend growth and total return upside over the long term, Fortis should continue to be a winner.

Royal Bank of Canada

As far as Canadian blue chip giants that have more room to run, Royal Bank of Canada (TSX:RY) is another top pick on my list.

As Canada’s most valuable company in terms of market capitalization (at a current market cap of more than $315 billion), this is perhaps the bluest of all blue-chip stocks in the market.

Indeed, I think that Royal Bank of Canada looks like a blue-chip that still has room to run. Some of that has to do with robust fundamentals. The company recently beat bottom-line estimates by a rather wide margin, raised its dividend by more than 6%, and now expects return on equity above 17% for fiscal 2026. To me, that’s a strong signal that the business is firing on all cylinders.

The bank also continues to deliver across capital markets and wealth management, two areas that can add meaningful earnings power when markets are active.

For dividend investors, the appeal is simple. Royal Bank combines scale, profitability, and a long history of rewarding shareholders. It has paid dividends for 54 consecutive years, and analysts noted continued earnings beats alongside a current yield near 2.8%. That is not the highest yield in Canada, but it is a very high-quality payout backed by a dominant franchise.

So, if loan growth and fee income stay healthy, I think RY stock could keep compounding nicely from here.

Capital Power

Last, but certainly not least on this list of top dividend stocks for investors to consider is Capital Power (TSX:CPX).

This utility giant has seen solid gains in recent years, in part due to the kind of cash flows the company generates. Capital Power, like other utility majors, has most of its revenue flow in via regulated contracts. This provides cash flow stability, which should support long-term capital appreciation upside. Accordingly, rising energy prices are really a smaller contributor to this stock’s recent performance than its stability profile.

That’s not to say that rising energy prices and surging electricity and natural gas demand haven’t positively impacted the company’s share price. It has.

With earnings expected to rise more than 50% this year after a strong 2025, there’s a lot for investors to price in. They’ve been doing just that, but I think more in the way of stock price appreciation is coming.

Capital Power is an independent power generator with assets across Canada and the U.S., and that geographic diversification helps reduce single-market risk. When you pair a growing earnings base with a decent yield and a business tied to long-term power demand, the stock becomes much more interesting. For investors willing to look past short-term volatility, this is a name that could surprise to the upside over the next year.

The post 3 Canadian Dividend Stocks Perfect for Retirees appeared first on The Motley Fool Canada.

Fool contributor Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool recommends Capital Power and Fortis. The Motley Fool has a disclosure policy.

2026

A decade is a long time in the markets, but some TSX dividend stocks have the durability, cash flow, and business stability to hold up over a decade.

Canada’s market is built on sectors that compound steadily. Banks, utilities, telecom, pipelines, and railways are all appealing. For investors who want income that can span multiple economic cycles, these five sectors are clear standouts.

Here’s a look at some dividend stocks across those sectors.

Bank of Montreal: A century‑strong dividend anchor

Bank of Montreal (TSX:BMO) is the oldest of Canada’s big bank stocks. In fact, BMO boasts an unprecedented dividend history spanning nearly two centuries.

As of the time of writing, that dividend carries a yield of 3.5%. The bank has also managed to provide annual increases to that dividend going back over a decade.

BMO’s diversified business model includes retail banking, wealth management, and international operations in the U.S. market. This diversified mix helps smooth out earnings over time.

BMO’s scale and long‑term profitability make it a great pick among TSX dividend stocks. The bank’s ability to generate consistent earnings through different market environments supports its long‑standing dividend, making it a solid option for any portfolio.

Fortis: A regulated utility built for stability

The second of the five dividend stocks to own now is Fortis (TSX:FTS). Fortis is widely regarded as one of the most dependable dividend stocks in the country. Part of the reason for that view can be traced back to the company’s reliable business model.

As a utility stock, Fortis generates reliable, recurring revenue that is backed by long-term regulated contracts. Fortis can then use that revenue to invest in growth and pay its dividend.

That dividend is the real reason investors flock to Fortis. The 3.2% yield is respectable, but the 53-year dividend streak is the most appealing part. Fortis is one of two Dividend Kings in Canada offering predictable income generation across multiple economic cycles.

For investors looking for a stock that can quietly compound over a decade, Fortis remains one of the most reliable options on the TSX.

BCE: A telecom giant with reliable cash flow

Another option for investors seeking dividend stocks to own is BCE (TSX:BCE). BCE is one of Canada’s big telecom stocks, a sector that is essential to the economy.

BCE operates subscription-based services for wired, wireless, internet, and TV subscribers. These are key segments deeply embedded in everyday life. This creates a recurring revenue base that supports its dividend.

Telecoms like BCE do face intense capital pressures, especially in elevated interest-rate environments. This led BCE to slash costs and its dividend in recent years.

As of the time of writing, BCE’s dividend still carries a yield of 5% despite that pressure. And like BMO, BCE has paid dividends for over a century without missing a payment.

Pembina Pipeline: A midstream operator with steady demand

Pembina Pipeline (TSX:PPL) represents another one of the dividend stocks for investors to consider. The company plays a critical role in Western Canada’s energy infrastructure.

The company’s fee‑based revenue model reduces exposure to commodity price swings, allowing it to generate stable cash flow even during volatile energy markets. Long‑term contracts and essential pipeline assets support its dividend reliability.

For investors seeking a midstream name that can deliver consistent income over the next decade, Pembina offers a blend of stability and long‑term relevance.

The company offers a quarterly dividend carrying a yield of 4.7%.

Canadian National Railway: A wide‑moat transportation essential

Canadian National Railway (TSX:CNR) completes the list of Canadian dividend stocks for investors to own.

The railway operates one of the largest and most important rail networks in North America. Its coast‑to‑coast reach and irreplaceable infrastructure give it a wide economic moat that few companies can match.

The railway also benefits from strong pricing power, operational efficiency, and exposure to long‑term economic growth. Canadian National hauls over $250 billion worth of goods across the continent each year.

That highlights the importance and defensive appeal of the railway. That also helps Canadian National to generate steady earnings to make it a compelling long‑term dividend stock.

Canadian National offers three decades of uninterrupted annual increases to its dividend, which currently yields 2.6%.

Will you buy these dividend stocks?

No stock is without risk. Fortunately, the five dividend stocks mentioned above offer defensive appeal, strong growth, and attractive yields.

This makes them solid options to add to any well-diversified portfolio.

The post 5 TSX Dividend Stocks Worth HoldingThrough the Next 10 Years appeared first on The Motley Fool Canada.

Fool contributor Demetris Afxentiou has positions in Canadian National Railway and Fortis. The Motley Fool recommends Canadian National Railway, Fortis, and Pembina Pipeline. The Motley Fool has a disclosure policy.

2026

BCE (TSX:BCE) has long been a cornerstone income stock for Canadian investors. As one of the Big Three telecom providers, it built a reputation on dependable dividends. However, that narrative was shaken when the company cut its dividend by 56% in May 2025. Since then, investors have been asking a crucial question: Is it safe to return to BCE for income — and when might dividend growth return?

BCE’s dividend looks stable — but trust needs rebuilding

Following the cut, BCE’s priority has shifted from maintaining appearances to restoring financial discipline. Based on trailing 12-month data, the dividend now appears sustainable. The payout ratio sits at roughly 66% of free cash flow (FCF) and about 69% of normalized net income — levels that are generally considered manageable for a mature telecom business.

This is an important reset. Before the cut, BCE’s dividend was stretched. Today, the lower payout gives the company breathing room and reduces the risk of another unpleasant surprise. Still, investors shouldn’t confuse sustainability with immediate growth. The dividend is safer — but may not yet be positioned for increases.

BCE’s growth strategy: A shift toward cash flow strength

To understand BCE’s dividend outlook, investors must focus on its ability to grow earnings and, more importantly, free cash flow. The company is in the middle of a strategic transition — from a traditional telecom provider to a more technology-driven platform. This includes expanding fibre internet infrastructure, investing in artificial intelligence-powered services, and improving operational efficiency.

Management’s targets from 2025 to 2028 are modest but meaningful: revenue growth of 2–4% annually, adjusted EBITDA growth of 2–3%, and FCF growth of approximately 7% per year. That last figure is key, as FCF ultimately funds the dividend.

At the same time, BCE is working to strengthen its balance sheet. It currently holds an investment-grade credit rating of BBB and aims to reduce its net debt leverage ratio to below 3.5 times by 2028, with a longer-term goal of around 3 times by 2030. This deleveraging effort is critical. A healthier balance sheet not only lowers financial risk but also creates room for future dividend increases.

What should investors expect next from BCE?

While BCE could potentially resume dividend growth at a modest pace — perhaps 2–3% annually — a more conservative assumption is that the dividend will remain flat in the near term. Management is likely to prioritize debt reduction and financial flexibility before committing to higher payouts.

For income investors, the current yield remains compelling. At around $34 per share, BCE offers a yield near 5.1%, more than double the broader Canadian market’s approximate 2.3%. That level of income is attractive, especially given the improved sustainability of the payout.

From a valuation standpoint, the stock appears reasonably priced. Analyst consensus suggests modest upside potential of about 10% in the near term, indicating that while BCE may not be deeply undervalued, it still offers a balanced mix of income and stability.

Investor takeaway

BCE is no longer the “set-it-and-forget-it” dividend stock it once was — but it’s rebuilding toward that status. The dividend is now on firmer footing, supported by more sustainable payout ratios and a clearer focus on free cash flow. However, meaningful dividend growth will likely take time as the company prioritizes debt reduction and operational improvements.

For investors, BCE represents a steady income opportunity with moderate upside — but patience is essential.

The post Everything Investors Should Understand About BCE’s Dividend Right Now appeared first on The Motley Fool Canada.

Fool contributor Kay Ng 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.

2026

The way 2026 is shaping up, five Canadian stocks have come into the limelight. They are either receiving windfall gains from cyclical peaks or could see bottoming out. In either case, the momentum will be significant and news-driven.

Five Canadian stocks to watch in 2026

The five Canadian stocks I am talking about are at the center of geopolitical situations and holding strong. Their management is closely monitoring macroeconomic developments and is ready for both good and bad situations.

Descartes Systems

The first stock to add to your 2026 watchlist is supply chain management solutions provider Descartes Systems (TSX:DSG). The stock has been down since the tariff war began. The management knew that tough times were coming, so it slashed its workforce and focused on acquiring companies with its cash. These activities helped it grow revenue by 12% and net income by 14% in 2025.

Descartes is debt-free and has been growing its cash balance to withstand these times of trade uncertainty. While its Global Trade Intelligence and transportation management solutions continue to generate revenue, the stock will surge when trade recovers. You can buy the dip and hold it for the next five to seven years, waiting for that recovery period, when geopolitical situations stabilize.

Lundin Gold stock

In the meantime, you can buy Lundin Gold (TSX:LUG) stock as the gold price will rise amid growing uncertainty. The price of gold began falling when the Iran war began. The gold price falls when interest rates rise, and vice versa. Right now, central banks cannot cut interest rates as the energy shock is increasing inflation. But the gold price will rise when oil prices cool and central banks begin to cut interest rates and build gold reserves, which they spent on expensive trade.

Lundin Gold stock surged more than 17% in the first week of April as the US-Iran war paused for talks. It could fall again if the war escalates. That is the time to buy the stock as the gold price will surge in the latter half of the year.

Suncor Energy stock

Suncor Energy (TSX:SU) stock is at the center of the trade war as Canada’s largest integrated oil company. It exports most of its oil to the United States. The Canadian government’s push to export oil to China and India will benefit Suncor, as it will be able to produce more oil. The oil company is at its cyclical peak as the WTI price surged past US$100. It used the frequent oil shocks from several wars to earn windfall gains, reducing net debt to US$8 billion and lowering its breakeven point.

The stock is worth adding to your watchlist, but not a buy at the moment, as it trades near its all-time high. Its share price will correct when the oil price falls, creating a buying opportunity.

Aecon Group

Aecon Group (TSX:ARE) stock is worth adding to your watchlist and even buying at the dip in 2026. This construction company is a key beneficiary of Canada’s infrastructure push. It has secured orders to build nuclear plants and data centres. The $10.7 billion order backlog gives visibility into future revenue. Its share price will jump on new order wins and fall on project delays.

Overall, the stock could see growth in the next five years as it rides the Canadian infrastructure and artificial intelligence (AI) wave.

Bombardier stock

The fifth stock to add to your watchlist is Bombardier (TSX:BBD.B), as July 1 will see a sharp stock price momentum. That is the date when the United States-Mexico-Canada Agreement (USMCA) is up for renewal. Had the situation been different, the renewal would be routine. However, the US trade protectionism leaves the outcome of the free trade agreement uncertain.

Bombardier is a beneficiary of the USMCA, as most of its raw materials are traded between the three nations. If the trade agreement is maintained, Bombardier stock could rise. Otherwise, all eyes would be on the financial impact of tariffs on Bombardier. Thankfully, the management has strengthened its balance sheet by reducing net debt to 1.9 times its adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization.

The post 5 Canadian Stocks to Watch as 2026 Really Gets Underway  appeared first on The Motley Fool Canada.

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

2026

A tech stock can look terrific during a pullback when the share price drops faster than the business does. That is the key. You want a company that is still growing revenue, adding customers, staying profitable, and investing in the future, even while the market gets nervous. When that happens, a lower price can turn into a much better long-term entry point. That is what makes Docebo (TSX:DCBO) interesting on the TSX today.

DCBO

Docebo is a Canadian software company focused on corporate learning. Its platform helps businesses train employees, customers, and partners using cloud-based learning management tools, with a growing push into AI-powered content and skills intelligence. In short, it helps companies teach people what they need to know without the whole process becoming a painful mess. That may not sound flashy, but it sits right at the intersection of workplace software, AI, and ongoing skills development.

Over the last year, the company has kept moving beyond a basic learning platform story. In January 2026, Docebo acquired 365Talents, a deal meant to add AI-powered skills intelligence and workforce readiness tools to its offering. Management said the acquisition should help connect learning with talent development more directly, which gives the platform a broader role inside customer organizations. That is a meaningful step, as software that becomes more central to a company’s operations tends to be harder to replace.

There have been other encouraging signs. Docebo stock said its fourth quarter was one of its strongest on record, with the best gross bookings performance since 2021, and it also launched a substantial issuer bid for up to US$60 million of shares. That buyback move matters. When management is willing to repurchase stock after a major decline, it usually signals confidence that the market is undervaluing the business.

Into earnings

The earnings story is still quite healthy. For the full-year 2025, Docebo stock reported revenue of US$242.7 million, up 11.9% from 2024. Net income rose 40.3% to US$37.5 million, while diluted earnings per share climbed to US$1.28 from US$0.88. In the fourth quarter alone, revenue reached US$63 million, up 10.5%, and net income jumped 125.5% to US$26.9 million. Those are not the numbers of a business falling apart.

Profitability also looks stronger than many growth investors might expect. Docebo stock said its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin reached 21.2% in the fourth quarter, and commentary around the results highlighted solid sales execution, especially in mid-market and enterprise deals. The company also said its share count declined 5% year over year, which helps show that growth is not being bought with runaway dilution. That makes the earnings quality look a lot better than the usual “maybe profitable someday” tech story.

Valuation is where the opportunity starts to show up. DCBO stock holds a market cap of about $867.5 million and a trailing price-to-earnings ratio near 17.3. For a software company that is still growing in the double digits, earning real profits, and expanding its artificial intelligence (AI) capabilities, that does not look stretched. The main risk is that growth has cooled from the hyper-growth days, so investors may stay picky if results do not accelerate. But the flip side is that the stock no longer needs fantasy-level expectations to work.

Bottom line

Docebo stock fits the kind of stock you buy for decades because the need it serves is not going away. Companies will keep needing to train people, reskill workers, and use smarter software to manage that process. With a profitable model, fresh AI tools, and a share price still well below its high, Docebo stock looks like one terrific Canadian tech stock that is down now but could reward patient investors for a very long time.

The post 1 Terrific Tech Stock Down 30% to Buy and Hold for Decades appeared first on The Motley Fool Canada.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Docebo. The Motley Fool has a disclosure policy.

2026

By keeping interest rates at lower levels, the Bank of Canada is signalling a clear pivot in monetary policy. This move was mainly focused on stimulating economic growth and providing relief to borrowers amidst rising inflationary pressures. As we reflect on this policy shift, it’s clear that certain market sectors on the TSX could benefit more than others.

One such sector is energy, which has seen renewed interest due to surging global demand for energy products and deteriorating supply, as well as the ongoing geopolitical crisis. In the energy sector, companies have also capitalized on strategic acquisitions and higher commodity prices. Currently among the top Canadian stocks from this sector are Baytex Energy (TSX:BTE) and Enbridge (TSX:ENB). Let me explain why.

Baytex Energy stock

Baytex Energy, a Calgary-based energy firm, has seen its stock jump sharply of late. With a current stock price of $5.92 per share and a market cap of $4.4 billion, Baytex Energy has seen an 85% increase in its stock price over the last year. The company pays a quarterly dividend with a yield of 1.5%, providing investors with both growth potential and income.

Baytex stock’s recent performance has been fueled by its strategic divestiture of U.S. Eagle Ford assets, which netted $3 billion in proceeds. This move allowed the company to strengthen its financial position and focus on its Canadian operations. In 2025, Baytex Energy delivered a net loss due to one-time items related to the sale, but its operating performance remained strong. For example, the company’s cash flows from operations totaled $1.5 billion for the year, including $228 million in the fourth quarter alone.

Meanwhile, Baytex continues to focus on its Canadian operations, where it has a strong portfolio of assets. The company expects to achieve organic production growth of 3% to 5% in 2026, with exploration and development expenditures capped at $550 million to $625 million. Baytex Energy also plans to maintain its current dividend while prioritizing share buybacks, giving investors a balanced approach to capital returns.

Enbridge stock

Enbridge, a Calgary-based energy infrastructure giant, has also been a strong performer in the last year. With a current stock price of $75.40 per share and a market cap of $164.5 billion, ENB has seen a 17% increase in its stock price over the last year. The company pays a quarterly dividend with a yield of 5.2%, making it an attractive option for long-term income investors.

Enbridge has a diversified portfolio of energy infrastructure assets, which include liquids pipelines, gas transmission, gas distribution and storage, and renewable power generation.

In 2025, the company reported record financial results, with full-year earnings attributable to common shareholders reaching $7.1 billion, up sharply from $5.1 billion in 2024. Also, its adjusted earnings for the year rose 9% YoY (year-over-year) to $6.6 billion, while its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) hit $20 billion, up 7% YoY.

Enbridge has been disciplined in its capital allocation, as it invested $5 billion in organic growth projects in 2025. These investments include its Mainline Optimization Phase 1 (MLO1) project, which is expected to add 150 kbpd (thousand barrels per day) to the Mainline system and 100 kbpd to the Flanagan South Pipeline by 2027.

Also, its long-term growth initiatives are focused on Enbridge’s diversified portfolio of energy infrastructure assets. The company expects to place $8 billion of projects into service in 2026, including the MLO1 project and several renewable power projects. In addition, Enbridge has a secured growth backlog of $39 billion, giving investors visibility into its future earnings growth.

The post A Year After the Rate Pivot – Here Are 2 Canadian Stocks I’d Still Buy Now appeared first on The Motley Fool Canada.

Fool contributor Jitendra Parashar has positions in Enbridge. The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy.

2026

Given the right stocks with stable cash flows and long histories of payments, investing in TSX dividend stocks can build a robust income stream for investors.

But what are those TSX dividend stocks to own? The market offers plenty of options to choose from, but for a low-maintenance portfolio, some picks are better than others.

Here’s a trio of picks for investors to consider buying today. They provide essential services, generate consistent results, and have long histories of paying dividends.

Hold this long-term compounder for decades

The first of the TSX dividend stocks to own is Canadian National Railway (TSX:CNR). Canadian National is one of the most defensive and underrated investments on the market. Railways move goods across the continent, connecting factories and storehouses to ports and markets with unmatched efficiency.

Canadian National’s massive network, which connects three coastlines with major metro markets, gives it an important advantage that cannot be replicated. In fact, for a new competitor to emerge and attempt to build a rival network would take decades and cost tens of billions.

The essential nature of rail allows Canadian National to generate stable cash flow irrespective of how the market fares. Adding to that is the diversified nature of Canadian National’s freight. The company hauls everything from automotive components and chemicals to crude oil, manufactured goods, and wheat.

This allows Canadian National to maintain steady volumes and supports strong dividend growth.

As a TSX dividend stock, Canadian National offers investors a quarterly dividend with a yield of 2.5% as of the time of writing. That yield is also backed by more than three decades of annual increases, making it a solid long-term compounder for any portfolio.

Deliver dependable income through economic cycles

Toronto‑Dominion Bank (TSX:TD) is another stock built for investors seeking TSX dividend stocks with security. As the second-largest of Canada’s big bank stocks, TD benefits from a diversified business model that spans retail banking, wealth management, and U.S. operations.

This scale helps TD generate consistent earnings even when certain parts of the economy face pressure. In fact, Canadian banks are known for their conservative approach to lending and strong capital positions. This only furthers the defensive appeal of the bank stock.

TD’s history of paying dividends stretches back over a century. The bank has also provided annual bumps to that dividend for over a decade without fail. As of the time of writing, TD offers a 3.3% yield.

For investors seeking TSX dividend stocks with a hands‑off approach, TD offers a blend of income, stability, and long‑term growth potential. Its strong brand, diversified operations, and disciplined risk management make it a dependable anchor in a dividend portfolio.

Generate stable utility income without the volatility

The third of the TSX dividend stocks to own now is Emera (TSX:EMA). Emera is a regulated utility stock that provides electricity and natural gas to customers across North America.

Utilities are known for their predictable earnings, driven by the lucrative business model they follow. In short, regulators allow utilities to earn stable returns on the infrastructure that they build and maintain. This creates a steady, low-volatility business model that’s ideal for income-focused investors.

That stability results in recurring cash flow from operations, allowing Emera to invest in growth and pay a handsome dividend.

The growth investments lean heavily on infrastructure, which expands the rate base and supports future earnings growth.

Turning to income, Emera offers investors a yield of 4%. And like both TD and Canadian National, Emera offers investors years of solid payments and increases.

This makes Emera a strong fit for investors who want a dependable dividend stock they don’t need to monitor constantly.

Build a low-maintenance portfolio of TSX dividend stocks

Each of the three stocks mentioned above brings something different to a portfolio. Together, they form a diversified foundation of essential services that can provide defensive appeal, strong growth, and stable income generation.

For investors who prefer not to track the market daily, these stocks offer the reliability that makes buy‑and‑hold investing comfortable.

Buy them, hold them, and let time do the heavy lifting.

The post 3 TSX Dividend Stocks Worth Owning if You’d Rather Not Watch the Market Every Day appeared first on The Motley Fool Canada.

Fool contributor Demetris Afxentiou has positions in Canadian National Railway and Toronto-Dominion Bank. The Motley Fool recommends Canadian National Railway and Emera. The Motley Fool has a disclosure policy.

2026

The Canada Revenue Agency (CRA) offers certain cash retirement benefits, such as Canada Pension (CPP) and Old Age Security (OAS), to help retirees meet their basic needs. These benefits are structured to cover your food, clothing, and utilities. If you are still living in a rented apartment or your medical bills are high, CPP and OAS won’t be enough to cover your expenses.

How much of expenses does CPP and OAS cover

The January 2026 average monthly CPP payout at age 65 was $925.35. The monthly OAS for the April to June 2026 period is $742.31 if your 2024 income is below $148,451.

Adding up the two benefits, a 65-year-old single Canadian can get $1,668.4 per month in retirement benefits.

You can look at your current expenditure and calculate the gap. Excluding rent, the gap between your expenses and CPP and OAS payouts could be in the range of $1,000–$1,500 per month.

How to bridge the $1,000 expense gap that CPP and OAS won’t cover  

Retiring can be scary when you don’t have the savings to fall back on. Calculating your future retirement needs can help you build a retirement pool sufficient to fill the gap left by OAS and CPP. Considering a $1,000 monthly passive income as your end goal and the 5.5-6% average annual dividend yield, you can come up with the amount that should be there in your retirement pool.

A $200,000 portfolio that pays 6% annual dividend can fill the gap. If you have that much balance in your Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP), you can consider SmartCentres REIT (TSX:SRU.UN) and Enbridge (TSX:ENB).

Hypothetically speaking, if you invested $100,000 in each of the two stocks, you would come close to the target of $12,000 in annual passive income.

SmartCentres REIT

SmartCentres REIT is in the middle of a large intensification project, wherein it is looking to convert shopping centres into city centres. Thus, its debt is on the higher side. It is using that money to build mixed-use facilities, sell most of them, and increase the market value of its store. This way, it is making optimum use of the land in and around the retail store, especially the underused parking space. It repays debt by selling the apartments and offices. The rental income continues to come from retail stores.

SmartCentres biggest tenant is Walmart, accounting for 23% of its rental revenue. This percentage has reduced over the years as the REIT has been adding new stores and diversifying tenants. It can be a reliable passive income provider as it has passed the test of time and managed to withstand the worst of the crises without dividend cuts. SRU.UN has a 21-year dividend-paying history.

Enbridge

Enbridge is an evergreen passive income stock. However, now may not be a good time to invest a lump sum as the stock trades at its all-time high amidst the energy shock. You could add it to your watchlist and buy it when the stock falls to $60–$65. When the stock has a dividend yield of 6% and above, that is the ideal time to buy.

Enbridge is focusing on increasing its natural gas infrastructure and is on track to bring US$8 billion worth of pipeline projects online. The toll money from these projects will help the company to accelerate its dividend growth rate to 5% in 2027 from the current 3%. This growth will help beat inflation.

How to invest to generate your personal pension

Investing $200,000 in one go may not be a good option. Even a TFSA’s cumulative limit is $109,000. If you still have five years to retire, consider maxing out on your TFSA contribution room first, as RRSP withdrawals are taxable and can claw back OAS if all your taxable income adds up to the threshold. You can invest in some growth stocks like Shopify to grow your TFSA portfolio and keep rebalancing profits into dividend stocks.

The post How to Bridge the Gap When CPP and OAS Won’t Cover Your Expenses  appeared first on The Motley Fool Canada.

The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Enbridge, SmartCentres Real Estate Investment Trust, and Walmart. The Motley Fool has a disclosure policy. Fool contributor Puja Tayal has no position in any of the stocks mentioned.

2026