TFSA limit 2026

The TFSA limit in 2026 is $7,000. This brings the cumulative maximum contribution room to $109,000 per person for anyone who has qualified every year since the government created the TFSA in 2009. A retired couple, therefore, would have as much as $218,000 in TFSA contribution space to use to generate tax-free income.

All dividends, interest, and capital gains earned on qualifying investments held inside the TFSA are tax-free. This means the full value of the earnings can be removed as income or reinvested without any concern about having to set some aside for the government. In addition, the CRA does not count TFSA earnings towards the net world income calculation used to determine the Old Age Security (OAS) clawback that kicks in when net world income tops a minimum threshold. That can make a difference for people who collect good work pensions, as well as full CPP, OAS, and other taxable retirement income.

Are GICs or dividend stocks better for a TFSA?

Guaranteed Investment Certificates (GICs) provide risk-free interest payments on the invested funds as long as the GIC is issued by a Canada Deposit Insurance Corporation (CDIC) member and within the $100,000 limit. The surge in oil prices in recent weeks has driven up inflation fears. This, in turn, has pushed up bond yields, which is why rates offered on GICs have moved higher.

At the time of writing, investors can get non-cashable GICs in the range of 3% to 4%, depending on the term and the issuer. That’s well above the current 2% rate of inflation, so there is an argument to be made for owning GICs right now. The downside of buying a non-cashable GIC is that the funds are locked up for the term of the certificate. When the GIC matures, rates available for renewal might be lower.

Dividend stocks vs GICs

Dividend stocks often provide yields that are above rates offered on GICs. In addition, every increase to the dividend raises the yield on the initial investment. Stocks can be sold at any time, so they also provide liquidity in case there is an emergency need to access the invested cash. Share prices, however, can fall below the purchase price and dividends sometimes get cut if a company runs into cash flow issues.

With markets near record highs, it makes sense for income investors to consider top TSX dividend stocks that should generate steady cash flow to support dividend growth through a downturn.

Enbridge (TSX:ENB), for example, is working on a $39 billion capital program that is expected to drive growth in earnings and distributable cash flow over the next few years. This should support ongoing dividend increases.

Enbridge has raised its dividend in each of the past 31 years. Investors who buy ENB stock at the current level can pick up a dividend yield of 5.3%.

The bottom line

The best mix of GICs and dividend stocks depends on a person’s required returns, need for access to the funds, and tolerance for risk. In the current market conditions, it is possible to put together a diversified portfolio of GICs and quality dividend stocks to get an average yield of at least 4%. On a TFSA of $109,000, this would generate $4,360 per year in tax-free passive income. That’s roughly $363.00 per month.

The post How to Use a TFSA to Generate $363 in Monthly Tax-Free Income appeared first on The Motley Fool Canada.

The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy. Fool contributor Andrew Walker has no position in any stock mentioned.

2026

AQN

Algonquin Power & Utilities (TSX:AQN) is not some tiny speculative operation. Through Liberty, it serves more than one million customer connections, mostly across North America, in electricity, natural gas, water, and wastewater. Regulated utilities tend to have demand that does not disappear just because the economy gets shaky. People still need the lights on, the heat running, and the water flowing. That gives Algonquin stock a sturdier base than many dividend stocks trying to promise decades of income.

The last year has also been a year of real change. In August 2024, Algonquin agreed to sell the majority of its renewables business for up to US$2.5 billion as part of a plan to cut debt. It also moved ahead with the sale of its Atlantica stake, and by early 2025 it had named Rod West as its new chief executive while extending its co-operation agreement with activist investor Starboard. That may sound messy, but the story underneath is actually fairly simple. Algonquin stock has been stripping itself down into a more focused regulated utility.

That shift makes the old Algonquin stock debate look a little outdated. Investors once focused heavily on the renewables angle. Now the case is more about whether a cleaner, less leveraged utility can produce steady earnings growth. The market has not fully decided yet. Shares have recovered over the last 12 months, but they still sit far below the low-to-mid $20 range they touched around 2021.

Into earnings

On earnings, the latest numbers looked much better than the market had seen from Algonquin stock in a while. For full-year 2025, net earnings came in at US$208 million, or US$0.27 per share, while adjusted net earnings were US$258.8 million, or US$0.34 per share. That compared with net earnings of US$54.8 million, or US$0.07 per share, in 2024. Fourth-quarter 2025 net earnings were US$29.4 million, or US$0.04 per share, versus a loss a year earlier. That shows Algonquin stock is finally starting to show that the reset is doing something.

The regulated business did the heavy lifting. Regulated Services Group full-year net earnings rose to US$351 million from US$260.1 million, helped by approved rate increases, better weather versus 2024, and lower interest expense after debt repayment. Management said about US$1.6 billion of net proceeds from the renewables sale went toward paying down debt. It also said operating expense as a percentage of gross revenue improved to 35.8% from 37.7%, while earned return on equity climbed to 6.8% from 5.5%.

Valuation is where the story gets interesting. Algonquin stock recently traded with a forward annual dividend of 4%. The trailing price-to-earnings (P/E) looks high at 92 because reported earnings are still recovering, so Algonquin stock is not a classic cheap stock on that measure. But utilities often get judged more on the stability of future earnings, and management is guiding for adjusted net earnings per share (EPS) of US$0.35 to US$0.37 in 2026 and US$0.38 to US$0.42 in 2027.

Bottom line

Looking ahead, Algonquin stock plans roughly US$3.2 billion in utility capital spending from 2026 through 2028 and expects 5% to 6% annual rate-base growth over that stretch, with no equity issuance expected through 2027. That is the kind of roadmap that can support a hold-forever case. Especially with solid income from even a $7,000 investment.

The risk, of course, is that Algonquin stock still needs to prove it can keep regulators happy, grow without overreaching, and avoid another strategic wobble. But after years of disappointment, this looks more like a utility finally growing up. For investors who want a dividend stock they can tuck away and revisit years from now, Algonquin stock looks worth holding onto.

The post This TSX Dividend Stock Is Down 54% and Worth Holding 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 has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2026

Just this morning, prices fell again after Iran said the Straight is “completely open” to commercial ships. Commodity traders appeared pleased that a fresh new cease-fire agreement between Iran and Lebanon had held overnight. But President Trump also said that the U.S. will keep blockading ports in Iran, raising questions about how open the Straight really is.

We’ve all seen how quickly these situations can change. Bottom line: Volatility isn’t over. It’s just taking a breath.

For Canadian energy investors, moments like this are worth paying attention to. Not to knee-jerk trade on the headline news, but to ask a more useful question: Which companies can still generate cash, protect returns, and keep growing when crude seems to be moving in two directions at once?

If you’re a long-term TSX investor looking for energy exposure that holds up in a choppy market — not just when oil is running hot — these two companies are worth a close look.

Cenovus Energy: A Supply-Chain Giant Built for Turbulence

Cenovus Energy (TSX:CVE) is one of Canada’s largest integrated energy producers, and the integration is the point. With oil sands production upstream and refining assets downstream, Cenovus doesn’t live and die on a single crude price. When upstream margins get smaller, refining can pick up some of the slack. When crude runs hot, the upstream business captures it. That kind of structure matters a lot when WTI swings $15 in a week.

Over the past year, Cenovus also got meaningfully bigger. Its acquisition of MEG Energy added roughly 110,000 barrels per day of low-cost oil sands production and deepened its long-life reserves — the kind of assets that hold their value across cycles. For 2026, management forecast upstream production of 945,000 to 985,000 boe/d after folding in MEG, with first oil from West White Rose expected in the second quarter.

In terms of financials, Cenovus reported 2025 revenue of $49.7 billion and total operating margin of $10.6 billion, with a fourth-quarter profit that beat estimates. Shares trade at a trailing P/E of around 16 — reasonable for a large integrated producer — and carry a dividend yield of 2.3%. That yield is modest, but it’s real cash in your account while you wait for the next oil cycle to play out. Big acquisitions can get messy and crude can still turn fast, but Cenovus has the scale and asset mix to absorb both.

Athabasca Oil: A Leaner Company With More Torque

Athabasca Oil (TSX:ATH) is the more aggressive option here. Its thermal oil assets deliver dependable production, and its Duvernay exposure gives it a second growth path that most pure oil sands companies don’t have. In 2025, it reported revenue of $1.31 billion, net income of $245.1 million, and adjusted funds flow of $504 million — or $1.01 per share. Free cash flow hit $217 million, and management kept its 2026 guidance in place, calling out production and cash-flow-per-share growth.

At a market cap of around $5.4 billion and a trailing P/E near 23, Athabasca isn’t cheap in absolute terms. But that valuation reflects a company that has genuinely cleaned up its balance sheet and steadily improved operations, not one still trading on promise.

Athabasca’s stock moves more in line with crude than Cenovus’s does. But if you want torque while oil is moving, that sensitivity is a feature, not a bug.

Bottom line

If you’re a long-term investor who wants survive a volatile oil market — not just profit from a rising one — these two stocks make sense. Cenovus gives you scale, integration, and a dividend you can reinvest. Athabasca gives you leverage to the upside if crude prices rise. Put a $7,000 TFSA contribution into Cenovus at the recent price of $35.50, and you’re looking at roughly 197 shares generating about $157.60 in annual dividends. Sure, it’s not a fortune, but it’s a good starting position in one of Canada’s most durable energy companies.

The ceasefire may hold. Oil may continue to drift lower. But the structural uncertainty in the Middle East hasn’t been resolved. It’s simply been paused. For investors who want to be ready before the next oil move rather than react to it, now’s the time to invest.

The post Oil Is Plunging Today. These 2 Canadian Energy Stocks Are Built to Handle It. appeared first on The Motley Fool Canada.

Fool contributor Amy Legate-Wolfe 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

Fortis

Fortis (TSX:FTS) is a star when it comes to reliable dividend growth. The Canadian utilities firm has increased its distribution annually for the past 52 years. That’s the kind of consistency that income investors like to see when considering a buy-and-hold stock.

Fortis gets nearly all of its revenue from rate-regulated assets that include natural gas distribution utilities, power generation facilities, and electricity transmission networks. This means the cash flow tends to be predictable, which helps management plan growth investments.

Fortis is working on a $28.8 billion capital program that will significantly increase the rate base over the next five years. Revenue and cash flow growth from the new assets should support planned dividend increases of 4% to 6% per year through 2030.

Enbridge

Enbridge (TSX:ENB) has increased its dividend for 31 consecutive years. The energy infrastructure giant continues to grow through a combination of acquisitions and development projects. Enbridge bought three American natural gas utilities in 2024 to broaden its revenue stream. It also purchased an oil export terminal in Texas and is a partner in the Woodfibre liquified natural gas (LNG) export facility being built in British Columbia. In addition, Enbridge expanded its renewable energy business in recent years.

Demand for Canadian and American oil and natural gas is expected to rise as global buyers seek out safe and reliable supplies. Enbridge’s extensive oil and gas transmission, storage, and export assets put it in a good position to benefit.

Enbridge’s current $39 billion capital program will drive growth in earnings and distributable cash flow in the next few years. This should enable ongoing dividend hikes. Investors who buy ENB stock at the current level can get a dividend yield of 5.3%.

Due to its energy infrastructure expertise, Enbridge would be a candidate to participate in the construction and operation of any new major oil or natural gas pipelines as Canada moves to diversify its energy sales.

Canadian Natural Resources

Canadian Natural Resources (TSX:CNQ) is a major Canadian energy player with assets that include oil sands, conventional light and heavy oil, offshore oil, natural gas liquids and natural gas production and reserves. The company has the financial clout to make large strategic acquisitions when energy markets are in a downturn and reap the rewards when prices rebound.

CNRL has increased its dividend annually for the past 26 years. The company’s diversified product portfolio, along with the strong balance sheet, enables it to maintain dividend growth through the energy cycles.

This stock can be volatile during big moves in energy prices, so investors need to have the stomach to ride out the turbulence in energy markets. At the time of writing, CNQ provides a dividend yield of 3.9%.

The bottom line

Fortis, Enbridge, and Canadian Natural Resources all pay good dividends that should continue to grow. If you have some cash to put to work in a dividend portfolio, these top TSX companies deserve to be on your radar.

The post Canadian Companies With a Track Record of Consistently Raising Their Dividends appeared first on The Motley Fool Canada.

The Motley Fool recommends Canadian Natural Resources, Enbridge, and Fortis. The Motley Fool has a disclosure policy. Fool contributor Andrew Walker has no position in any stock mentioned.

2026

And, with that, I don’t think there’s any stopping the broad markets from making up for lost time, especially as the AI trade looks to get right back into the driver’s seat. When it comes to high-conviction stocks, there are plenty of options to consider on the TSX Index, especially if you’re more of a value-conscious dividend investor. While there’s more growth and upside south of the border, I still think that the yields in Canada are tough to pass up.

Enbridge stock looks like a great buy on weakness

And in this piece, we’ll look at shares of Enbridge (TSX:ENB), a fantastic name that I think might be shaping up to be a terrific buy into weakness. The stock is down just shy of 5% from its recent high, and while the energy sector is under quite a bit of pressure, I do think that the midstream (pipeline) players ought to be spared, especially Enbridge, which continues to operate at a high level with impressive earnings clarity in the coming years.

Sure, investors might be shying away from energy after the hot start to the year, but the pipeline plays are a different kind of energy play, one that shouldn’t be moved all too much by a drastic downside in the price of oil.

An oil spike isn’t going straight to the bottom line of the firm since it’s a service (transporting energy) provider rather than a producer of the commodity. Either way, I think any sector-wide sluggishness that gets to shares of ENB is more of a longer-term buying opportunity for investors who want a large, growing dividend.

It’s a cash cow with more dividend hikes to come

With a multi-decade dividend growth streak and some impressive cash-flow-generative projects on both sides of the border, I like Enbridge’s footing as the AI boom continues to play out. The gas pipeline business in the U.S. stands out as quite compelling, especially as the firm looks to become more of a steady utility-like dividend titan with every deal it makes. Given the data centres coming online, I’d argue U.S. gas utilities are the place to be for a solid risk/reward.

At the end of the day, Enbridge is a $158 billion dividend heavyweight, and as it looks to serve data centres with natural gas transmission, I see the dividend growth streak continuing strong for many years to come. The big upside, in my view, is what happens if more big-tech firms look to team up with the energy transportation juggernaut as it continues to expand into renewables. Sure, green energy represents a sliver of the pie today, but in 10 years’ time, I do think it’ll be another pillar of steady growth.

At just 22.4 times trailing price-to-earnings (P/E), with a 5.3% dividend yield, perhaps dividend seekers looking for a deal might wish to keep watch as ENB stock passes the halfway point to a correction while the rest of the market starts really heating up.

The post Here’s My Highest Conviction Canadian Stock to Buy Right Now appeared first on The Motley Fool Canada.

Fool contributor Joey Frenette has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy.

2026

That’s why having some reliable Canadian stocks in your portfolio matters, as they don’t just survive turbulence but continue to deliver steady growth and income. Let’s take a closer look at one Canadian bank that has shown it could do exactly that.

A reliable banking giant with strong momentum

The top TSX-listed bank stock I’m talking about is Canadian Imperial Bank of Commerce (TSX:CM), which has long been a cornerstone of the Canadian banking sector. With its diversified operations and consistent performance, it has built a reputation as a dependable choice for long-term investors.

CM stock currently trades at $147.40 per share with a market cap of $136.3 billion. Over the past year, it has surged 80%, reflecting strong investor confidence despite the broader market volatility. It also offers a dividend yield of around 3%, paid quarterly, making it appealing for income-focused investors.

Strong results across the board

CIBC’s latest financial performance highlights why it stands out during uncertain times. In the first quarter of its fiscal year 2026 (ended in January), the bank reported a 15% year-over-year (YoY) increase in revenue to $8.4 billion. Net income jumped 43% YoY to $3.1 billion, while adjusted net income came in at $2.7 billion. This growth was supported by higher loan volumes, improved net interest margins, and stronger fee-based income from wealth management. Its net interest margin reached 1.61%, or 2.06% when excluding trading activities.

On the profitability side, its diluted earnings per share (EPS) rose 47% YoY to $3.21, while adjusted EPS climbed 25% to $2.76. Meanwhile, return on equity (ROE) surged to an impressive 20.2%, up from 15.2% a year earlier.

Strength across business segments

One of CIBC’s key strengths is its ability to generate growth across multiple divisions. Its Canadian personal and business banking segment reported net income of $960 million, up 25% YoY. Its commercial banking and wealth management segment posted a 9% increase to $647 million, supported by higher assets under management and administration.

In the U.S., its commercial banking and wealth management operations saw net income rise 19% YoY to $294 million, benefiting from lower credit loss provisions.

Strong financial base

Beyond earnings growth, CIBC’s solid balance sheet adds another layer of confidence. In the latest quarter, the bank reported a Common Equity Tier 1 (CET1) ratio of 13.4%, along with a leverage ratio of 4.4% and a liquidity coverage ratio of 133%.

These strong metrics highlight its ability to withstand economic uncertainty while continuing to support growth and shareholder returns.

Why it stands out during volatility

What makes CIBC even more attractive in volatile markets is its balance, as it offers steady income through dividends, consistent earnings growth, and exposure to multiple business lines. While no stock is immune to short-term market swings, companies with strong fundamentals and disciplined strategies tend to recover faster and deliver better long-term returns.

The post The Canadian Stock I’d Want in My Corner When Volatility Strikes 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

That is the sweet spot here. Investors can look for businesses with enough resilience to keep earnings moving, but enough growth to avoid becoming dead money. In that kind of market, paying a fair price for quality can make a lot more sense than grabbing the cheapest stock on the screen.

QSR

Restaurant Brands International (TSX:QSR) owns Tim Hortons, Burger King, Popeyes, and Firehouse Subs, so it has a mix of value meals, coffee runs, and global growth. In its fourth quarter of 2025, revenue climbed to US$2.47 billion from US$2.30 billion, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to US$772 million from US$688 million, and adjusted diluted earnings per share (EPS) jumped to US$0.96 from US$0.81.

System-wide sales rose 5.8%, while comparable sales grew 3.1%. Shares also trade at about 28.5 times earnings, which is not cheap, but the company just reaffirmed its growth algorithm and plans to return US$1.6 billion to shareholders in 2026. That is the kind of expensive that can still earn its keep.

T

TELUS (TSX:T) is a different kind of slowdown stock. Wireless, internet, and business connectivity do not vanish when the economy gets shaky, and TELUS stock adds a health business that gives it another lane for growth.

Its fourth quarter of 2025 showed 377,000 mobile and fixed customer additions, record free cash flow of $2.2 billion for the full year, and a 2026 target of about $2.45 billion in free cash flow. Fourth-quarter revenue came in at $5.3 billion, just below the prior year’s $5.4 billion.

The stock still carries a yield above 9%, and it trades around 25 times earnings, so you are clearly buying the income stream and stability case here. The risk is simple: competition stays fierce, and that payout leaves little room for disappointment. But positive movement is underway.

MRU

Metro (TSX:MRU) shows that Canadians still need groceries and prescriptions, as it offers both. In its fiscal first quarter of 2026, sales rose 3.3% to $5.29 billion. Food same-store sales increased 1.6%, pharmacy same-store sales climbed 3.9%, and adjusted diluted EPS rose 5.5% to $1.16.

Reported net earnings dipped because of timing and operational issues, including a temporary shutdown at its frozen food distribution centre in Toronto, but the core business still held up well. It trades around 21 times earnings, which is a premium for a grocer, yet investors often pay up for businesses that can still post clean results when households turn cautious.

BIP

Brookfield Infrastructure Partners (TSX:BIP.UN) rounds out the list with a global portfolio of utilities, transport, midstream, and data assets. That mix matters in a softer economy as many of its cash flows are contracted or regulated.

For 2025, it generated US$2.6 billion in funds from operations (FFO), or US$3.32 per unit, up 6% from 2024. The board also lifted the quarterly distribution 6% to US$0.455 per unit, marking its 17th straight annual increase. What makes it more interesting right now is that management expects FFO to move higher in 2026 and is expanding its growth pipeline to include artificial intelligence (AI) infrastructure. All while offering a yield near 5%.

Bottom line

If the economy cools without cracking, this is the kind of group that can still give investors something to smile about. QSR offers global brand power and value-focused demand. TELUS stock brings recurring revenue and a giant yield, though with more balance-sheet pressure. Metro adds plain old dependability, which is underrated when markets get nervous. Brookfield Infrastructure gives you durable assets and a little growth kicker from data and AI.

None is a screaming bargain. That is fine. In a middling economy, reliable businesses with solid cash flow often beat cheap stocks that only look good on paper.

The post 4 TSX Stocks to Buy if the Economy Slows but Doesn’t Break 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 Brookfield Infrastructure Partners, Restaurant Brands International, and TELUS. The Motley Fool has a disclosure policy.

2026

That seems to be the case with one well-established Canadian company, Thomson Reuters (TSX:TRI), right now, as it continues to perform operationally despite a sharp drop in its share price. Let’s take a closer look at why TRI stock could be a strong long-term pick even after its recent decline.

A market leader facing short-term pressure

To put it simply, Thomson Reuters is a global content and technology firm that serves professionals across legal, tax, accounting, compliance, and media industries. Its products are deeply integrated into the workflows of its clients, making its business model both sticky and resilient.

Over the past year, however, TRI stock has fallen by nearly 50%, and it’s currently trading at around $126.91 per share with a market cap of about $56.3 billion. While such a decline may raise concerns at first glance, it’s important to understand what’s happening beneath the surface.

Strong fundamentals remain intact

Despite the stock’s decline, Thomson Reuters continues to deliver steady financial growth. For the full year 2025, the company’s total revenue rose 3% year-over-year (YoY) to US$7.5 billion. More importantly, its organic revenue grew by 7% YoY with the help of strong demand across its core segments.

Meanwhile, its “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) accounted for 82% of its total revenue and delivered 9% YoY organic growth both in the fourth quarter and for the full year.

At the same time, its profitability also improved as its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 6% from a year ago to US$3 billion, with margins expanding to 39.2% from 38.2% a year earlier. This highlights the company’s ability to scale efficiently while managing costs.

Betting big on AI-driven growth

One of the most important drivers of Thomson Reuters’s long-term story is its push into artificial intelligence (AI). The company’s CoCounsel AI platform has already been adopted by one million professionals across 107 countries.

This tool is designed for high-stakes industries, offering reliable, citation-backed insights tailored to specific jurisdictions. Its next-generation version is expected to bring more advanced capabilities, including conversational task execution that mirrors how professionals collaborate in real life.

These innovations position the company to benefit from the growing demand for AI-powered solutions in professional services — a market that is still in the early stages of adoption.

Why long-term investors may want to pay attention

Thomson Reuters is also taking steps to enhance shareholder value. It has announced a US$600 million share buyback program along with a US$605 million return of capital initiative, signalling confidence in its future.

The company now expects organic revenue growth of around 7.5% to 8% in 2026. It also anticipates further margin expansion of about 100 basis points and free cash flow of approximately US$2.1 billion. These projections suggest that the company’s growth trajectory remains intact despite recent market volatility.

While the recent decline in Thomson Reuters stock may seem concerning, its underlying business tells a different story. Overall, its strong cash flows, leadership in professional services, and commitment to shareholder returns make it a solid option for patient investors.

The post This Canadian Stock Down 50% Is Nearly Perfect for Long-Term Investors appeared first on The Motley Fool Canada.

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

2026

That’s the reason why resource-focused companies like Almonty Industries (TSX:AII) are starting to look attractive amid the ongoing market uncertainty. With geopolitical shifts and supply chain concerns becoming more important, businesses tied to critical minerals are worth considering. In this article, let me explain why this TSX growth stock could be uniquely positioned to benefit from this trend over the next three years.

This critical minerals stock is gaining solid momentum

Almonty Industries mainly operates in the tungsten mining space – a niche but increasingly important segment of the global economy. Tungsten is widely used in defence, industrial manufacturing, and advanced technologies, making it a strategic resource for many countries.

The company’s stock currently trades at $28.84 per share with a market cap of $8.2 billion. Over the past year, it has delivered an extraordinary 681% return, reflecting growing investor interest in its long-term potential.

A major milestone recently came from its flagship Sangdong Tungsten Mine in South Korea after the company delivered its first ore to the Run-of-Mine pad, marking its transition from development to active mining. This step brings it closer to full-scale commercial production and positions it as a key supplier outside China.

Growth supported by rising demand

Almonty’s recent financial performance highlights the impact of improving market conditions. In the fourth quarter, Almonty’s revenue rose 39% year-over-year (YoY) to $8.7 million, while its full-year revenue increased 13% YoY to $32.5 million. This growth has been supported by a sharp rise in ammonium paratungstate (APT) prices, which climbed significantly to around US$2,250 per metric tonne unit.

At the same time, the company reported a net loss of $102.3 million for the quarter and $161.9 million for the full year. However, this was largely due to non-cash revaluation losses tied to derivative liabilities, meaning it had a limited impact on actual cash flow.

Building a global footprint

Beyond current operations, Almonty is actively expanding its global presence. It recently acquired the Gentung Tungsten Project in Montana, adding a potential near-term U.S. production asset to its portfolio. This move aligns with its broader strategy of building a supply chain independent of China, which currently dominates global tungsten production. With increasing geopolitical focus on resource security, this positioning could prove highly valuable.

The company has also strengthened its leadership team with key executive appointments to support operations and development. At the same time, relocating its corporate headquarters to Montana brings it closer to U.S. government agencies and industrial partners.

Why this TSX growth stock stands out

Moreover, Almonty Industries is advancing a large-scale drilling program at Panasqueira to extend the mine’s life and support higher production levels. Its Gentung project is also expected to move toward production readiness in the near term.

With tungsten prices hovering near record levels of around US$2,500 per metric tonne unit, the timing of these developments could further strengthen its revenue potential. While the stock’s recent surge may raise questions, its long-term story is tied to structural demand rather than short-term trends. Its combination of expanding production, rising commodity prices, and geopolitical relevance gives it a unique edge.

The post Opinion: This Is the Only TSX Growth Stock to Own for the Next 3 Years 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

When combining the TFSA with the right monthly‑paying REITs, the account can become a powerful, reliable income machine that delivers cash every single month.

Here’s a look at some of the best REITs to consider buying for a source of monthly income.

Option #1: RioCan Real Estate

RioCan Real Estate (TSX:REI.UN) is one of the largest REITs in Canada. The company has historically focused on commercial retail properties, but in recent years has shifted to include more mixed-use residential properties.

Those properties are located in high-traffic areas of Canada’s metro markets, catering to the strong demand for both retail and residential tenants.

More importantly, that strong demand and diversified tenant base makes RioCan one of the better-paying options on the market. In fact, RioCan’s uniquely diversified portfolio makes it an ideal alternative to owning real estate. As of the time of writing, the REIT offers a monthly distribution that carries a yield of 5.7%.

For TFSA holders, RioCan provides the perfect mix of retail and residential properties that add a layer of defensiveness. This helps to maintain predictable cash flow through different market cycles.

Option #2: Slate Grocery REIT

The second option to help generate monthly income is Slate Grocery REIT (TSX:SGR.UN). Slate is a grocery-anchored REIT. This provides an unusually defensive appeal to any portfolio, given the sheer necessity of food.

Slate also offers another unique distinction for investors to note, and that’s geography. Slate’s portfolio of over 100 grocery-anchored properties is U.S.-based.

In other words, Slate’s portfolio is comprised of stable, high-occupancy sites that provide essential products regardless of economic conditions.

That stable revenue base helps Slate to provide an appetizing monthly distribution. As of the time of writing, that yield works out to 7.4%, making it one of the better-paying options on the market.

For TFSA investors seeking monthly income, Slate offers a perfect balance between high-income potential and defensive appeal.

Option #3: SmartCentres REIT

The third option for monthly income seekers to consider is SmartCentres REIT (SRU.UN). SmartCentres is a retail-focused REIT that is focused on necessity-based retail.

A key factor in SmartCentres’ portfolio is that many of its properties are anchored by major national retailers. This translates into a stable revenue base that provides ample foot traffic to its properties. The recurring traffic to the larger anchor tenants also supports the smaller, secondary tenants on those properties.

In short, the unique tenant mix helps support stable occupancy and maintains SmartCentres’ predictable distributions. As of the time of writing, SmartCentres offers a yield of 6.6%.

For TFSA investors seeking steady monthly income, SmartCentres provides a unique middle ground. It can offer a higher yield than large blue‑chip REITs, but with a strong foundation of essential tenants. The REIT also has a long‑term development pipeline to add to future growth potential.

How to combine these REITs into a monthly income machine

The three REITs mentioned above can provide investors with a healthy source of monthly income. Here’s how an allocation of just $7,500 into each REIT can provide a monthly income stream.

Note that prospective investors who aren’t ready to draw on that income yet can choose to reinvest those distributions, allowing them to continue to grow until needed.

By combining these REITs inside a TFSA, investors can build a monthly income stream that grows tax‑free and supports long‑term financial goals.

The post How to Turn Your TFSA Into a Reliable Monthly Income Machine appeared first on The Motley Fool Canada.

Fool contributor Demetris Afxentiou has no position in any of the stocks mentioned. The Motley Fool recommends Slate Grocery REIT. The Motley Fool has a disclosure policy.

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