Turning a single $7,000 contribution into $70,000 may sound ambitious — but for disciplined, long-term investors, it’s an achievable goal. The key isn’t luck or speculation. It’s time, compounding, and smart stock selection inside your Tax-Free Savings Account (TFSA).

The power of time and compounding

To grow $7,000 tenfold, you need two ingredients: patience and a solid rate of return. Compounding works best when you give it years — ideally decades — to do the heavy lifting. The longer your investment horizon, the less you need to rely on short-term market swings.

Historically, the Canadian stock market has delivered strong long-term returns. Over the past decade, it has compounded at roughly 12.7% annually. At that rate, a $7,000 investment could grow to $70,000 in just over 19 years — without adding another dollar.

Of course, returns aren’t guaranteed. Markets go through cycles driven by interest rates, economic conditions, and global events. But long-term investors who stay invested through volatility have consistently been rewarded. The takeaway is simple: time in the market matters far more than timing the market.

Aim for market-beating stocks

While matching the market can get you to your goal, outperforming it can get you there faster. That’s where careful stock selection comes in.

Consider leaders like Royal Bank of Canada (TSX:RY) and Canadian Natural Resources (TSX:CNQ). Over the past decade, these companies have delivered annualized returns of approximately 16.4% and 18.8%, respectively — well above the broader market. These results didn’t happen overnight; they came from strong business models, consistent earnings growth, and disciplined management.

RBC earns a diversified mix of revenues – approximately half of it comes from interest income from loans and mortgages, while the rest comes from fee-based businesses like wealth management, advisory, and trading. This diversification matters. When lending slows, such as during a recession, capital markets or wealth management could help offset that. 

CNQ is one of Canada’s largest oil and gas producers with a diversified asset base of oil sands, conventional crude oil, and natural gas operations. The business is well-managed and creates long-term shareholder value, including increasing its dividend for about 25 years. For example, its 10-year dividend growth rate was nearly 18% per year.

The lesson isn’t to chase past winners blindly. Instead, look for companies with durable competitive advantages, reliable cash flow, and long growth runways. Canadian banks, energy producers, and select global growth companies can all play a role in a TFSA designed for long-term compounding.

Just as important is valuation. Even great companies can underperform if you overpay. That’s why experienced investors often build positions gradually and buy more aggressively during market corrections.

Build a simple, disciplined strategy

Growing your TFSA into a five-figure — or even six-figure — portfolio doesn’t require constant trading. In fact, simplicity often wins.

Start with a diversified basket of high-quality stocks across key sectors. Reinvest any dividends to accelerate compounding. Stay consistent, avoid emotional decisions, and resist the urge to react to short-term noise.

Most importantly, think long term. A TFSA is one of the most powerful investment tools available to Canadians because all gains are tax-free. That means every dollar of growth stays in your account, compounding further over time.

Investor takeaway

Turning your $7,000 TFSA contribution into $70,000 or more is entirely possible with the right mindset. Focus on long-term investing, aim for strong — ideally market-beating — returns, and stay disciplined through market ups and downs. By owning quality businesses like Royal Bank of Canada and Canadian Natural Resources, buying on dips, and letting compounding work over time, you give yourself a realistic path to achieving that tenfold growth.

The post How to Grow Your 2026 TFSA Contribution Into $70,000 or More appeared first on The Motley Fool Canada.

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

2026

Growth stocks deserve a place in a well-diversified portfolio. They’re usually the higher-risk part of a portfolio, but this means that they’re also the stocks with the greater upside. How much an investor allocates to this type of stock will be a subjective choice. But an allocation of up to 40% for young investors and below 15% for older investors is typically recommended.

In this article, I’d like to discuss two growth stocks that I’ve written about in the past. They’re both down significantly since their 2025 highs – and they’re both experiencing strong fundamentals and growth.

Blackberry Ltd. (TSX:BB) and Well Health Technologies Corp. (TSX:WELL) are the two stocks that I’m recommending as strong buys today. They’re down 36% and 47%, respectively, yet they’re looking forward to a strong future.

Let’s take a look.

Blackberry (BB) stock: The turnaround is complete

A well-respected and technically excellent technology company that’s leading the charge in embedded systems and secure communications is Canada’s own Blackberry. After many years of sub-optimal performance, today Blackberry is sitting on the precipice of strong growth.

This growth will be driven by Blackberry stock’s QNX segment, which has embedded software that’s in demand for connected cars, robotics applications, and medical devices. Simply put, Blackberry’s software is in high demand and recent fourth quarter results demonstrate this.

Blackberry’s QNX segment posted a 20% increase in revenue to $78.7 million in Q4. This was accompanied by strong royalty backlog, which hit $950 million, highlighting a multi-year revenue growth profile. This visibility is a big deal for Blackberry and its investors, with growth being seen in the automotive space but also in the general embedded space. As per management, the growth that they expect in the general embedded space is massive.

For now, Blackberry (BB) stock has completed its turnaround and its growth is ramping up. Connected cars and medical devices, and robotics are increasingly using Blackberry’s software and this is translating into a strong future.

Well Health Technologies (WELL) stock: Consistently strong growth

Well Health Technologies is another growth stock that’s currently attractively priced as it heads into a strong future. The company is an omni channel digital healthcare company, with a network that includes primary, specialized, and diagnostic healthcare services and facilities. Well Health has been growing exponentially in the last few years, and this is increasingly being accompanied by increased profitability and margins.

Revenue in 2025 increased 34% to $1.4 billion and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 17% to $148.6 million. Net income hit a record $126.5 million or $0.50 per share, which compared to $0.03 in the same period last year. Finally, free cash flow increased 19%.

I’m highlighting these results to drive home the fact that Well Health stock’s business is absolutely booming. The acquisitions that were made in 2025 are driving these results. But so are the efficiency gains that are being made due to Well Health’s system. For example, patient visits per billable hour are rising fast.

Looking ahead, Well Health management is expecting the strong growth to continue. In fact, Well Health clinics only deliver 1.5% of patient care. The market is highly fragmented, and Well Health is targeting to capture 10% market share within the next eight to ten years.

The bottom line

The numbers speak for themselves. Yet, BB stock is down big despite a clear improvement in its fundamentals and growth rate. Similarly, WELL stock is also down big, and its growth numbers have been consistently strong in the last many years.

There’s a disconnect in both of these cases, in my view. This is why I would take the opportunity today to add both of these growth stocks to my list of holdings.

The post 2 Growth Stocks That Have Pulled Back Up to 47% – and Look Worth Buying Right Now appeared first on The Motley Fool Canada.

Fool contributor Karen Thomas has positions in Blackberry and Well Health Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2026

As we step into April 2026, it’s time for Canadian investors to check their Tax-Free Savings Account (TFSA) contribution room. The Canada Revenue Agency (CRA) updates this limit every year, and for 2026, it stands at $7,000. That makes it important to confirm your available room using both CRA records and your financial institution to avoid costly over-contribution penalties.

More importantly, this is a great opportunity to think about how you can use your TFSA more effectively. One of the smartest ways to do that is by investing in fundamentally strong, dividend-paying stocks that can grow your wealth over time – all while your returns remain tax-free.

In this article, I’ll highlight two top Canadian bank stocks that stand out for their stability and consistent dividend growth, making them great for TFSA investors.

Scotiabank stock

Bank of Nova Scotia (TSX:BNS), also known as Scotiabank, is one of Canada’s largest financial institutions with a market cap of $120.2 billion. Following a solid 43% run over the last year, BNS stock now trades at $97.64 per share. It also offers a quarterly dividend with a yield of 4.5%.

Scotiabank delivered impressive financial growth in its latest quarterly results (for the quarter ended in January 2026). The bank reported net income of $2,299 million, a sharp increase from $993 million in the same period last year. Its adjusted EPS (earnings per share) came in at $2.05, reflecting 16% YoY (year-over-year) growth. Meanwhile, ROE (return on equity) improved to 13%, supported by solid contributions from its core segments.

Looking deeper, Canadian Banking generated $960 million in net income, up 5% YoY, while International Banking contributed $737 million, rising 7%. The bank’s CET1 (Common Equity Tier 1) ratio stood at 13.3%, highlighting its strong capital position.

Now, Scotiabank is targeting a return on equity above 14% by 2027. Its continued investments in digital capabilities and international expansion could support long-term growth and improve profitability.

National Bank of Canada

National Bank of Canada (TSX:NA) is another strong contender for TFSA investors. It currently has a market cap of $71.6 billion, and as of April 2, 2026, its stock trades at $185.01 per share after gaining an impressive 52.2% over the past year. The bank offers a quarterly dividend yield of 2.7%.

In the January 2026 quarter, National Bank reported net income of $1.3 billion, up 26% YoY. Its adjusted diluted EPS rose to $3.25, reflecting an 11% increase from a year ago. This growth was largely driven by its Personal and Commercial Banking segment, where net income surged by 47% to $427 million. The bank also benefited from higher loan volumes and the integration of Canadian Western Bank (CWB), which it acquired in February 2025. In addition, its Wealth Management segment posted a 12% increase in net income to $272 million, supported by strong fee-based revenue.

Meanwhile, the bank is focusing on strategic acquisitions and digital innovation to enhance customer experience and drive growth. These initiatives, combined with its strong fundamentals, position it well for the long term.

Foolish bottom line

Using your TFSA wisely can make a big difference to your long-term financial goals. And Scotiabank and National Bank of Canada both offer a compelling mix of steady income, strong financial performance, and growth potential. By allocating your TFSA contributions to such high-quality dividend stocks, you not only generate passive income but also give your portfolio a chance to compound tax-free over time.

The post How Canadians Should Be Using Their TFSA Contribution Limit in 2026 appeared first on The Motley Fool Canada.

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Bank of Nova Scotia. The Motley Fool has a disclosure policy.

2026

Tourmaline Oil (TSX:TOU) is down roughly 28% from its all-time highs, allowing investors to buy a quality stock at a lower multiple.

Tourmaline is one of the largest and lowest-cost natural gas producers in Canada, and right now the market is punishing it almost entirely due to weak local gas prices. That is a temporary problem, given that the underlying business is getting stronger by the quarter.

Here is the full case.

Tourmaline is a natural gas powerhouse

Tourmaline is Canada’s largest natural gas producer. It operates across two massive resource plays: the Alberta Deep Basin and the Northeast British Columbia Montney. Both are derisked through more than 2,640 wells drilled, with full processing and pipeline infrastructure in place.

• The company has spent 17 years building what is now six billion barrels of oil equivalent in proven and probable reserves.
• Last year, Tourmaline drilled 320 gross wells and led the entire Canadian industry with 1.7 million metres drilled.
• Well performance in the BC Montney was the best in six years, running 22% above the previous five-year average.
• Q4 liquids production hit a record 152,673 barrels per day.
• January 2026 production averaged over 685,000 barrels of oil equivalent per day.

A low-cost production benefit

Tourmaline launched a cost-reduction initiative in mid 2025, and the early results are striking. Operating costs dropped from $5.14 per barrel in the first half of 2025 to $4.66 in Q4. The company now guides for $4.50 per barrel in 2026.

Management has raised its aggregate cost-reduction target to $1.50 per barrel by 2031, up from the original $1.00 target, and says roughly $0.70 of that has already been achieved.

By 2031, Tourmaline expects up to $500 million per year in structural cost savings relative to its first-half 2025 cost base. That number is independent of commodity prices and flows straight to the bottom line regardless of where gas trades.

In February 2026, Tourmaline sold its Peace River High asset, its most mature and highest-cost production asset, to a Canadian senior producer for $765 million. It is using $500 million of that to permanently reduce long-term debt and the remaining $265 million to fund infrastructure expansion.

Net debt dropped from $2.3 billion in Q3 of 2025 to $1.5 billion by year-end, allowing the Canadian energy stock to reduce leverage to 0.5 times free cash flow.

The TSX dividend stock is down largely because spot gas prices have been unusually weak this winter. California had almost no cold weather, and excess hydro power from dam maintenance flooded the local power market, cutting gas demand.

As CEO Mike Rose noted on the Q4 earnings call, for every $0.10 per thousand cubic feet that prices improve, annual cash flow rises by $45 million. And separately, every $1 move in international LNG benchmarks adds $50 million to 2026 cash flow and $70 million to 2027.

The company has also entered a long-term natural gas storage agreement that provides it with six billion cubic feet of storage capacity starting in April 2026, rising to ten billion cubic feet by mid-2027. That flexibility allows Tourmaline to time injections and withdrawals to maximize price realizations across seasons.

A focus on dividend growth

Tourmaline pays a quarterly base dividend of $0.50 per share. If we include special dividends, the company paid $3.30 per share over the past 12 months, which translates to an almost 5.5% yield.

Management has been direct: special dividends will return when free cash flow warrants it. Given the company’s cost trajectory, its growing LNG exposure to premium global markets, and a balance sheet near its long-term net debt target of $1.75 billion, the setup for shareholder returns over the next two to three years is attractive.

The oil stock is down due to short-term weakness in gas prices. The business is structurally improving, and the gap between price and value is what long-term investors look for.

The post 1 Canadian Dividend Stock Down 28% That Looks Worth Buying and Holding appeared first on The Motley Fool Canada.

Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool recommends Tourmaline Oil. The Motley Fool has a disclosure policy.

2026

Investing in dividend stocks could generate steady income. Moreover, among these Canadian stocks, some offer relatively high dividend yields and monthly cash payments. For investors who rely on regular income, these stocks can feel similar to receiving a paycheque. The steady cash flow can help cover living expenses or be reinvested.

That said, dividend stocks should not be judged by yield or payment frequency. Dividends are never guaranteed, and a very high yield can sometimes be a warning sign. In many cases, unusually high yields occur because the company’s share price has fallen. A declining share price may reflect operational challenges, weakening financial performance, or a dividend payout that the company may struggle to maintain.

For this reason, investors should look for companies with dependable dividend payouts, supported by strong fundamentals. Businesses that can deliver profitable growth, maintain healthy cash flow, and maintain or increase dividends are better positioned to sustain payouts over time.

Against this background, here is a monthly paying stock with a 6.6% dividend yield worth considering.

A reliable monthly-paying stock with 6.6% dividend yield

SmartCentres REIT (TSX:SRU.UN) is a dependable option for investors seeking consistent monthly income. The real estate investment trust pays $0.154 per share each month, yielding approximately 6.6% annually. This relatively high yield and steady distribution history make the REIT an attractive dividend stock.

SmartCentres’s monthly distributions are well-protected. Its high-quality real estate portfolio continues to generate solid net operating income (NOI), supporting its payouts. Many of its properties are situated in prime retail locations, which helps sustain strong leasing demand and maintain high lease renewal rates. These factors support stable rental revenue growth over time and contribute to the REIT’s consistent and resilient cash flows.

SmartCentres’s recent performance

SmartCentres ended 2025 on a solid note, driven by strong tenant demand across its portfolio and high occupancy. The REIT ended the year with an occupancy rate of 98.6%, reflecting the continued appeal of its properties. Its same-property NOI increased 3.7% year over year, driven by leasing and renewal activity in its retail assets, along with stabilization in occupancy levels in its self-storage and apartment rental segments.

The company witnesses strong leasing activity throughout the year. In the fourth quarter alone, approximately 35,500 square feet of previously vacant space was leased, bringing total leasing for 2025 to roughly 430,000 square feet. Demand for its newly developed retail space also remained strong. Lease renewals generated rent growth of 8.4%, excluding anchor tenants, while the REIT collected more than 99% of its rental revenue. This high collection rate shows the stability of SmartCentres’s tenant base and the reliability of its cash flow.

Strong customer traffic across the REIT’s retail centers has further supported tenant performance and encouraged SmartCentres to diversify its property mix. Its premium outlet locations continue to attract significant visitor volumes, helping drive tenant sales and improve the value of its retail portfolio.

Looking ahead, SmartCentres is expanding beyond retail through a growing pipeline of mixed-use developments. This strategy is intended to diversify revenue sources while leveraging the REIT’s substantial land holdings and strong balance sheet to support long-term growth.

Earn $154 in monthly passive income with SmartCentres REIT

SmartCentres REIT is a reliable income-generating investment known for its consistent monthly dividend payments and attractive yield. At the current market price, buying 1,000 shares of SmartCentres REIT can generate approximately $154 in monthly dividend income. On an annual basis, this equates to more than $1,848 in dividend earnings.

The post A Monthly-Paying TSX Stock With a 6.6% Dividend Yield appeared first on The Motley Fool Canada.

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy. 

2026

Valued at a market cap of $1.8 billion, Spin Master (TSX:TOY) stock is down almost 70% from its all-time high. However, the ongoing pullback has increased the forward yield to over 2.5% as of April 2026.

Spin Master has trailed the broader markets in recent years due to the tariff war, retail inventory cuts, and headwinds in the Melissa & Doug business segment. Alternatively, the TSX dividend stock could gain momentum on the back of a growing digital games portfolio and an upcoming PAW Patrol movie.

Tariffs rattled U.S. consumer confidence in 2025. Retailers, nervous about demand, started cutting back on orders and drawing down their inventory stockpiles instead of replenishing them. That hurt Spin Master’s toy sales even though consumer point-of-sale data, actual purchases by real shoppers, grew year over year.

In other words, people were still buying Spin Master products. The retailers just weren’t restocking as aggressively, creating a mismatch between what was selling and what Spin Master was shipping.

CFO Jonathan Roiter addressed this directly on the company’s Q4 earnings call. He noted that toy gross product sales declined 8% in 2025, driven almost entirely by an estimated 12% reduction in retailer inventory levels.

Critically, he added that the company does not expect significant further reductions, which means the drag that hurt 2025 results is unlikely to repeat.

Melissa & Doug, the wooden toy brand that Spin Master acquired, took the sharpest hit. Almost all of its sales were in the U.S., and nearly all of its manufacturing was in China, a tough combination in a tariff environment.

The company took a non-cash goodwill impairment charge as a result. That’s a painful write-down, but it’s also a one-time accounting adjustment, not a sign of a broken business.

The bull case for the TSX dividend stock

Despite ongoing headwinds, Spin Master generated $308 million in operating cash flow in 2025. It returned $80 million to shareholders through dividends and share buybacks, reducing its share count by approximately 7% over the past three years.

• Revenue in the digital games business rose 20% year over year. This growth was tied to stronger engagement on Toca Boca World and growing subscription momentum in Piknik.
• Adjusted operating income in Digital Games rose 24% in Q4. This is a high-margin, fast-growing part of the business that the market tends to overlook when it’s fixated on tariff headlines.

CEO Christina Miller outlined three core priorities on the earnings call: capturing the PAW Patrol movie moment, fully realizing Toca Boca’s potential, and returning Melissa & Doug to growth.

The PAW Patrol film releases globally in August. The company will recognize approximately $20 million in distribution revenue in the third quarter, per Roiter, with additional upside if the movie outperforms at the box office.

Retailer feedback from New York Toy Fair was described as “very positive,” and Spin Master’s movie-related toy lineup for PAW Patrol is already generating excitement.

Melissa & Doug is expanding internationally, gaining shelf space, introducing new product lines, including infant products, and targeting new retail doors in both the U.S. and Europe.

The dividend is poised to grow

Spin Master pays shareholders an annual dividend of $0.48 per share, which translates to a yield of 2.6%. Analysts forecast the small-cap TSX stock to expand its free cash flow (FCF) from $109.6 million in 2026 to $211 million in 2030.

Comparatively, an annual dividend expense of roughly $49 million indicates a payout ratio of 45%, which is not too high. A widening FCF base could translate to a higher dividend payout, enhancing the yield at cost for early investors.

Spin Master is a buy-and-hold story, not a get-rich-quick trade. The stock may stay choppy as tariff headlines continue. But for investors with a long-term view, buying a company with iconic children’s brands, a growing digital platform, and strong cash generation, at a 68% discount is the kind of opportunity that tends to look obvious in hindsight.

The post 1 Ideal TSX Dividend Stock, Down 68%, to Buy and Hold for a Lifetime appeared first on The Motley Fool Canada.

Fool contributor Aditya Raghunath 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

Oil and gas stocks saw some correction in April after the U.S.-Israel–Iran war sent them to a new all-time high in March. Canada’s two largest natural gas producers — Canadian Natural Resources (TSX:CNQ) and Tourmaline Oil (TSX:TOU) — saw their stock prices fall 8.9% and 12.8%, respectively, from their all-time highs of March 20, 2026. The dip came when the U.S. and Iran announced a two-week ceasefire on April 8, looking to reach negotiations. West Texas Intermediate crossed US$110 and then fell below US$100. Is this dip similar to the June 2022 dip after the Russia-Ukraine war? It is difficult to tell.

The repeat of the 2022 energy shock

When Russia waged a war on Ukraine in February 2022, oil prices touched US$125 in four months and then witnessed a sharp correction of 20-25% in a month. An 8.9% dip does not signal a sharp correction but rather profit booking by investors. The stock could rise further if the Iran situation escalates. At present, no other country is participating in the war, and America is losing patience with the cost of the war.

If the war ends sooner than expected, oil and gas prices could stabilize immediately, and if the war continues, they may stabilize in a year. Take the case of the Russia-Ukraine war, the oil price fell drastically from over US$100 in June 2022 to US$91 in August, to US$76 in December 2022, to US$68 in May 2023. During this one year, the largest oil consumers secured an alternate oil supply to ease the energy shock. Russia’s oil export shifted from Europe to Southeast Asia and from the U.S. dollar to other currencies. Europe started buying oil from the U.S. and Canada.

This history could repeat itself with the war in Iran, as sanctions on Iran no longer apply, and oil consumers will find alternative sources. Another shift in the supply chain could revise the oil prices. Canada could emerge as the alternative supplier.

Canadian stock to benefit from supply chain shift

Canada is seizing this opportunity and diversifying its export markets. It started operations of its first liquified natural gas (LNG) export facility, LNG Canada, in June 2025. It is building Phase 2 of LNG Canada and two more facilities, Woodfire LNG and Cedar LNG. By the end of the decade, Canada could export more LNG.

Canadian Natural Resources and Tourmaline Oil will be the key beneficiaries of this export opportunity, as they have the largest natural gas reserves and a cost advantage. Every dip is a buying opportunity for these stocks as a new market will open up for Canadian natural gas producers.

Until now, they exported largely to the United States, which itself has rich oil and gas reserves and could not get a better price for LNG. Now, when they diversify their markets, their production capacity could increase, which means the share price may not see steep corrections.

The next three to four years could see volatility and a share price rally. CNQ will use these cyclical gains to reduce its debt from $16 billion to $13 billion to ensure its financing cost does not increase its breakeven price. Tourmaline also plans to reduce its net debt to zero over the next two years by diverting surplus cash flows to debt repayment.

Canadian Natural Resources is a stock worth holding for decades

Between Tourmaline and Canadian Natural Resources, the latter is a stock to buy and hold for decades for its strong dividend growth. Canadian Natural Resources has been paying and growing dividends for 25 years in a row. Although the dividend growth rate has slowed from double-digit to single-digit in the last two years, it is a stock worth buying. You could consider investing $2,000 on every 8-10% dip and lock in a 3.8-4% yield.

The post This Canadian Dividend Stock Is Down 8.9% — and Worth Holding for Decades appeared first on The Motley Fool Canada.

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

2026

Building long-term wealth in a Tax-Free Savings Account (TFSA) often comes down to owning the right businesses and simply holding onto them. The best TFSA stocks have the ability to grow and adapt over many years. When you find companies with solid fundamentals, consistent earnings, and reliable dividends, they could become core holdings you never feel the need to sell.

In this article, I’ll highlight two such Canadian stocks that could fit perfectly into a long-term TFSA portfolio.

Nutrien stock

The first TFSA-friendly stock is Nutrien (TSX:NTR), a global provider of crop inputs and services. The company supplies essential fertilizers and agricultural solutions through a wide distribution network, helping farmers improve productivity worldwide. It mainly operates through four main segments: retail, potash, nitrogen, and phosphate.

Following a 45% increase in the last year, Nutrien’s stock trades at $102.59 per share with a market cap of $49.4 billion. It also offers a quarterly dividend with a yield of 2.9%, making it even more attractive for income-focused TFSA investors.

Over the last year, Nutrien’s performance has been driven by higher fertilizer prices, strong upstream sales volumes, and improved Retail earnings. In its full-year 2025 results, the company reported net earnings of US$2.3 billion and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of US$6.05 billion. In the fourth quarter, its strong free cash flow generation and around US$900 million from asset divestitures helped it reduce debt and increase shareholder returns by 30%.

Nutrien continues to focus on improving margins and simplifying its portfolio by exploring strategic options, which could accelerate its financial growth further in the long run.

Northland Power stock

Northland Power (TSX:NPI) could be another great dividend-paying stock for TFSA investors to hold forever. It’s a global power producer that operates a diversified portfolio of energy assets, including offshore wind, solar, battery storage, natural gas, and regulated utilities. It currently has around 3.5 gigawatts (GW) of operating capacity with another 2.2 GW under construction.

After gaining 27% in the last year, NPI stock currently trades close to $24 per share with a market cap of $6.2 billion. More importantly, the company pays a monthly dividend with a yield of 3%.

In the fourth quarter of 2025, Northland posted revenue of $723 million as its net profit also rose to $290 million. During the quarter, the company’s free cash flow per share increased to $0.46 from $0.31 a year ago.

Factors such as strong wind production from its offshore assets in Germany and the expansion of battery storage projects continue to help Northland post strong results. It recently also introduced a strategy to double its operating capacity to seven GW by 2030.

Moreover, Northland Power is advancing several major projects, including the 1.1-GW Baltic Power project expected in the second half of 2026 and the one-GW Hai Long project targeted for 2027. Similarly, it’s also expanding its battery storage pipeline with new projects in Poland, strengthening its long-term growth outlook.

The post The Canadian Stocks I’d Buy and Never Sell in a TFSA appeared first on The Motley Fool Canada.

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

2026

Investing in the equity market with a long-term outlook, such as a five-year horizon, can be a solid strategy for building wealth while navigating market volatility. Over time, short-term fluctuations tend to smooth out, allowing investors to benefit from the broader upward trajectory that equities have historically shown.

Moreover, a few high-quality Canadian stocks have pulled back, creating a buying opportunity. While there are fundamentally strong stocks that are likely to benefit from sustained demand for their products and offerings,

Against this backdrop, here are five Canadian stocks to buy and hold for the next five years.

Top Canadian stock #1: Shopify

Shopify (TSX:SHOP) is a top Canadian stock to buy and hold for the next five years. SHOP stock has fallen by more than 28% this year due to macroeconomic uncertainty, valuation concerns, and concerns about AI’s impact on software companies.

In addition, market sentiment weakened for the Canadian tech giant after slower revenue growth and a softer free cash flow outlook for early 2026.

Still, Shopify’s underlying fundamentals remain strong. In 2025, gross merchandise volume rose 29% to $378 billion, and revenue climbed 30% to over $11.5 billion. This momentum will likely sustain as growth is driven by expanding merchants, strong adoption of Shop Pay, momentum in B2B and offline commerce, and rising demand for its Plus platform. These factors position Shopify to deliver solid growth amid a shift in selling models towards omnichannel and AI-driven commerce.

Top Canadian stock #2: Air Canada

Air Canada (TSX:AC) stock is a strong long-term investment despite short-term challenges. Higher operating costs, elevated fuel prices, geopolitical tensions in the Middle East, and weaker Canada–U.S. travel demand pressured margins in the near term.

However, the airline is expanding international routes and strengthening its global hub network, with growing revenue from Atlantic, Pacific, and Latin American markets. Strong premium-travel demand and diversified income from Aeroplan, cargo, and vacation services support earnings.

While 2026 will likely be a transition year due to cost pressures and fleet upgrades, these investments should boost efficiency and drive stronger performance from 2027 onward.

Top Canadian stock #3: CES Energy

CES Energy (TSX:CEU) is a compelling Canadian stock to hold over the next five years. The company supplies specialized chemical solutions that help oil and gas producers boost output, improve efficiency, and protect key infrastructure.

Rising demand for advanced chemicals and targeted acquisitions have strengthened its financials and supported share price growth. Its asset-light model generates steady free cash flow, enabling reinvestment and shareholder returns. Moreover, higher upstream activity in North America and its strong U.S. revenue base position CES Energy for sustained growth for years.

Top Canadian stock #4: SECURE Waste Infrastructure

SECURE Waste Infrastructure (TSX:SES) is an attractive growth stock to hold for the next five years. It operates a waste-management and energy infrastructure network across Western Canada and North Dakota, serving multiple industrial and energy markets through facilities such as landfills, recycling operations, pipelines, and storage terminals.

Strong operational performance has given SECURE stock a boost, and the upward momentum will likely be sustained. Recent results remain solid, including $372 million in Q4 2025 revenue, up 10% year over year. With new infrastructure projects, capacity expansions, and disciplined capital spending, SECURE appears well-positioned for continued growth and to return significant cash to shareholders.

Top Canadian stock #5: Aritzia

Aritzia (TSX:ATZ) is a top Canadian stock to buy and hold. The leading Canadian fashion retailer witnesses strong demand for its exclusive brands. Since fiscal 2020, the company has delivered double-digit revenue and earnings growth, while online sales have risen about 33% annually.

Looking ahead, Aritzia’s growth is likely to be driven by a loyal customer base, disciplined inventory management, and strong full-price sales. Despite potential short-term pressure from tariffs and logistics costs, Aritzia continues to expand its boutiques across Canada and the U.S. while strengthening its digital platforms and mobile shopping experience. Overall, it is poised to grow its revenue and earnings at a solid pace, which will support its share price.

The post 5 Canadian Stocks Worth Buying Today and Holding for the Next 5 Years appeared first on The Motley Fool Canada.

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Aritzia and Shopify. The Motley Fool recommends Air Canada, Ces Energy Solutions, and Secure Waste Infrastructure Corp. The Motley Fool has a disclosure policy.

2026

If you had $2,000 ready to invest today, the real question isn’t whether to invest – it’s where to put that money for the best long-term returns. While the Canadian stock market offers plenty of choices, focusing on strong, proven businesses could make a big difference in the long run. Some sectors, especially energy, continue to show resilience and consistent performance in 2026. In this article, I’ll highlight two such Canadian stocks from the energy sector that could be worth considering right now.

Suncor Energy stock

Suncor Energy (TSX:SU) is a Calgary-based integrated energy firm with operations across oil sands, exploration and production, refining, and marketing. It also operates the Petro-Canada retail network, giving it a strong downstream presence. SU stock currently trades at $89.41 per share with a market cap of $106.1 billion. Over the last year, it has surged 92%, reflecting strong investor confidence. It also offers a quarterly dividend with a 2.7% yield.

Suncor’s recent performance has been driven by strong operational execution. In the fourth quarter of 2025, its adjusted funds from operations stood at $3.2 billion, and free funds flow was $1.7 billion. The company returned about $1.5 billion to shareholders through dividends and share buybacks.

Operationally, Suncor delivered record upstream production of 909,000 barrels per day, significantly higher than a year ago. At the same time, its refining throughput also reached a record 504,000 barrels per day, with refinery utilization at 108%. These efficiencies supported its strong financial results.

Interestingly, Suncor plans to return 100% of excess funds to shareholders in 2026, with projected share repurchases of $3.3 billion. It’s also investing in lower-emissions power and renewable fuels, which could support its long-term growth.

TC Energy stock

TC Energy (TSX:TRP) could be another great stock to invest in right now. It operates one of the largest natural gas pipeline networks in North America, along with a growing portfolio of power generation and energy solutions. TRP stock currently trades at $86.11 per share with a market cap of $89.7 billion. Over the last 6 months, it has gained 17% and currently offers a dividend yield of 4%.

In the fourth quarter, TC Energy posted strong results with its comparable EBITDA (earnings before interest, taxes, depreciation, and amortization) rising 13% year-over-year (YoY) to $3 billion. Meanwhile, its segmented earnings also increased by 15% YoY to $2.2 billion.

For the full year, the company’s comparable EBITDA climbed 9% from a year ago to reach $11 billion. It also raised its dividend by 3.2%, marking its 26th consecutive year of dividend growth. With this, TRP stock’s annual dividend now stands at $3.51 per share.

Despite the ongoing geopolitical conflicts, TC Energy continues to invest in future growth. The company expects to bring about $4 billion in new capacity online in 2026, including projects like Bison XPress, Valhalla North, Berland River, and Bruce Power Unit 3. These investments are likely to support its long-term expansion plans and financial targets.

The post The Canadian Stocks I’d Buy First If I Had $2,000 to Put to Work Today appeared first on The Motley Fool Canada.

Fool contributor Jitendra Parashar 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