Investing in a Tax-Free Savings Account (TFSA) is not a one-time event but a habit. You need to keep reviewing your portfolio to book profits, align your investments with your financial goals, and sometimes sell stocks that have lost their reason for being in your portfolio.

Why take all this pain?

Because investing in stocks is equivalent to being a part owner in the business. Even though you are not actively involved in the operations, you are responsible for your money.

The types of stocks in your TFSA

Your TFSA has a variety of stocks, some cyclical that need annual or half-yearly review. Some growth and dividend stocks that you buy for a reason, and when that reason is gone, there is no point holding them.

For instance, goeasy was a stock to buy for its controlled credit risk despite operating in a non-prime lending space. It lost its reason when the lender flagged accounting errors that had increased its credit risk to the level that it had to pause dividends and impair the goodwill of its LendCare business. Whether the pause is temporary or permanent is unclear. Such stocks need revisiting.

Remember, Warren Buffett offloaded airline stocks at a loss as soon as the pandemic struck, saying the world had changed for airlines. This is the benefit of regular review.

The one TFSA stock to buy and never feel the need to revisit

While there are a variety of stocks, you only need a handful to become a millionaire. Among them should be one TFSA stock for your core portfolio, which you buy, set aside, and never revisit. It is the kind of stock you know can grow your wealth in the long term and preserve it during market downturns and inflation. Such stocks are the most boring ones, working behind the scenes.

Wealth creation

To create wealth, Broadcom (NASDAQ:AVGO) is the ideal choice. Its ethernet switches, Wi-Fi routers, and cybersecurity and enterprise software offerings are a package deal of fast and secure connectivity infrastructure. Broadcom’s long-term success lies in growing through innovation and acquisition, cutting the clutter, and keeping only the things that matter.

Broadcom’s CEO, Hock Tan, is now in his 70s and is one of the major reasons for the company’s success. He has made bold and difficult decisions, including even changing the company’s domicile to have a global edge. His retirement could trigger volatility in the short term. However, the company has built an ecosystem where its products will remain relevant in any tech revolution.

Wealth preservation

To preserve wealth, CT REIT (TSX:CRT.UN) is an ideal choice. Its low-risk business strategy makes it ideal to convert your wealth into passive income. CT REIT has an arrangement with its parent, Canadian Tire. If the retailer wants to buy, develop, or intensify a store, CT REIT will have the first right to refuse, depending on whether it has the bandwidth to take up the project. Even if the real estate investment trust (REIT) agrees, the retailer pays upfront for development and intensification.

This helps the REIT keep its construction loans to a minimum. Moreover, it doesn’t have to advertise, pay a brokerage to find a tenant, and worry about occupancy. Every new store it buys has an assured occupancy from Canadian Tire. The retailer deducts rent from its revenue, and the REIT gets assured cash flow.

This arrangement has helped CT REIT increase its dividends by an average annual rate of 3% while reducing its payout ratio to 73.5%. Every new property addition or intensification increases the net asset value (NAV) of CT REIT’s portfolio. You get regular passive income, and your investment value is preserved in NAV. This robust setup makes CT REIT a stock that doesn’t need revisiting.

The post The 1 TFSA Stock I’d Buy, Set Aside, and Never Feel the Need to Revisit appeared first on The Motley Fool Canada.

More reading

• How a $10,000 TFSA Investment Could Be Set Up to Generate Steady Cash Flow 
• 5 Canadian Stocks to Buy if You Want Instant Income
• How This Bolder Savings Approach Could Help You Catch Up on Retirement Goals
• What Is One of the Best Tech Stocks to Own for the Next 10 Years?
• Got $10,000? This Dividend Stock Could Deliver $44.26 a Month in Passive Income

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

Four TFSA stocks to generate passive income

When building a passive income pool, the first thing to consider is building diverse cash streams. Each stream should be independent of another, which means choose your stocks across different sectors. Even within sectors, their income should give assured dividends in an economic crisis.

Growing passive income

Power Corporation of Canada (TSX:POW) can give you strong dividend growth in a growing economy and when facing rising risks. It holds life insurance and wealth management companies that earn cash from premiums and management fees. When risks increase, more people buy insurance, and the company enjoys high premiums. When investment opportunities are ripe, more people invest in mutual funds, earning higher management fees on a larger asset portfolio.

POW stock is in its upcycle, growing 47% year-to-date to $75. It has also grown its dividend by 9% to $2.67 per share. However, Power Corporation of Canada is vulnerable to economic crisis. The 2008 Financial Crisis affected all financial companies. Power Corporation showed resilience by sustaining its dividend and pausing dividend growth from 2009 to 2014. Evidently, you can rely on it for a steady income.

Monthly passive income

SmartCentres REIT (TSX:SRU.UN) is a good option for monthly payouts. Its diversified property portfolio, – comprising open-door retail stores, residential, commercial, industrial, and storage facilities at city intersections – gives it stability in an economic crisis. The REIT has even thrived in a housing crisis with recurring cash flow from its largest tenant, Walmart.

Although its 89.2% dividend payout ratio and high debt on the balance sheet kept the REIT’s unit price stressed for two years, it is now recovering as housing unit sales unlock liquidity. This has seen the unit price recover and reach near its 52-week high of $28.30. The REIT is still a buy for its 6.5% yield.

Balancing risky passive income streams

Telus Corporation (TSX:T) has a pretty high yield of 9.9% as its stock price nosedived over fears of a dividend cut. While there is risk, a dividend cut will ease out anxiety and give investors a clean slate to start with. A $1 billion savings that a dividend cut could unlock can help Telus accelerate debt repayment and increase the stock price. However, a cut is the last option if other means of reducing debt don’t give the desired results. For the time being, Telus has paused dividend growth.

Balancing the risk of Telus is the assured dividend of TC Energy (TSX:TRP). The stock is in an upcycle, surging 18% year to date. TC Energy’s Coastal GasLink Pipeline collects gas from other connecting pipelines in Alberta and transmits it to LNG Canada, an export facility. It will be the key beneficiary of liquified natural gas exports to Europe and other countries. The toll money will keep dividends flowing in.

How $20,000 could generate $1,200 in passive income

A $5,000 investment in each of the above stocks at the current trading price can buy you income-generating shares. Adding up the monthly and quarterly dividend payouts, you can get $1,238 in annual passive income. Since Power Corporation of Canada and TC Energy grow their dividends annually, your passive income could adjust to inflation.

The post How Putting $20,000 in These 4 TFSA Stocks Could Generate $1,200 in Passive Income appeared first on The Motley Fool Canada.

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• 2 Canadian REITs That Look Worth Buying Right Now
• How a $10,000 Investment in This Dividend Stock Could Generate Over $54 a Month in Passive Income
• All It Takes is $3,000 in Telus to Generate Hundreds in Passive Income
• Here’s the TFSA Strategy I’d Be Following Heading Into the Rest of 2026

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

The Canada Revenue Agency (CRA) updated your Tax-Free Savings Account (TFSA) contribution room with a $7,000 contribution limit for 2026 on January 1. This year is the year of energy stocks as Venezuela’s oil crisis and the Iran war have changed the energy supply dynamic from a supply glut to a supply crisis. Oil prices have once again touched US$90–US$100 a barrel.

According to a Reuters report, the UAE has exited the Organization of the Petroleum Exporting Countries (OPEC), a group created to limit oil output to stabilize oil prices. While it is not new for OPEC to see member countries exit, the timing is crucial. With the UAE free to produce more, it could increase competition for North America, which has no production limits.

The changing energy landscape has made Canadian energy stocks an attractive investment option.

Canadian energy stocks to consider for a TFSA

Canada has the fourth-largest proven oil sands reserves in the world. It mainly exports oil and natural gas to the United States. However, this landscape is changing. It is now diversifying and looking to export to China, India, and Europe. Canada is building an LNG export facility to strengthen its North Pacific route to supply liquified natural gas (LNG) to Asian trade partners.

The natural gas energy stock

Holding Canada’s largest oil sands reserves, Canadian Natural Resources (TSX:CNQ) will benefit from expanding export markets. It can produce more and sell more. The company has been aggressively buying more reserves, which increased its net debt to $18 billion in 2024. It accelerated its debt repayment, reducing its net debt to $16 billion in 2025. The target net debt is $13 billion, which it could achieve in 2026. CNQ stock can keep growing its dividends as it reduces debt and increases free cash flow.

Canadian Natural Resources has increased its production at the right time and could benefit from expanding export markets. Its stock has surged as much as 50% year-to-date on the back of higher oil and gas prices. The stock price could dip from $63 to $53 or below as oil prices cool. That is the opportunity to buy and enjoy a higher dividend yield of 5%.

The energy infrastructure stock

Enbridge (TSX:ENB) is an evergreen stock to buy and hold. The company is accelerating the expansion of its gas pipeline and transmission business, and the timing could not be more perfect. It now owns three gas utilities in the United States, where data centres are using natural gas-fired power plants to meet their power needs. Enbridge is exploring a $10 billion opportunity to provide direct natural gas connections to artificial intelligence (AI) data centres.

Enbridge is also building gas pipelines to tap into the North American liquefied natural gas (LNG) export opportunity. Its strong project execution, regular cash flows from aging pipelines, and financial discipline make it a resilient dividend stock. The company uses the cash flow to repay debt, fund new projects, and maintain old pipelines. Once new projects start giving regular cash, some of it is initially used to bring debt to comfortable levels.

Enbridge is on track to grow dividends by 5% from next year.

The power plant stock

The next link in the energy supply chain is power plants, and Capital Power (TSX:CPX) has been efficiently operating in this segment. It builds, acquires, and operates power plants. Capital Power increased its natural gas-fired power capacity by 2.2 gigawatts (GW) in 2025, which it plans to deploy to AI data centres.

It has 25 GW of projects in the pipeline, of which 16GW is from mergers and acquisitions. Building a natural gas-fired power plant from scratch takes five to seven years and costs US$2,500/kilowatt. Meanwhile, uprating an existing plant takes two years at most and costs US$1,000/kilowatt. Capital Power stock has jumped 15% in 2026 but is still 8% below its October 2025 high. The company has been regularly growing dividends for the last 12 years.

The above three energy stocks are buy-and-hold investments in a TFSA for their dividend growth from exports and AI data centre opportunities.

The post TFSA Contribution Season Has Arrived – Here Are 3 Canadian Energy Stocks to Consider appeared first on The Motley Fool Canada.

More reading

• How to Build a Retirement Portfolio That Generates $2,000 a Month
• 1 Dividend Stock I’d Feel Confident Buying and Holding for a Decade
• A Standout TFSA Stock With a 6 % Monthly Payout Worth Knowing About
• 3 TSX Stocks That Could Outperform the Broader Market in 2026
• Oil Above $110 and Rates on Hold: 3 Canadian Energy Stocks Built for Both

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

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

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

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

CT REIT

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

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

Energy stocks for TFSA cash flows

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

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

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

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

Power Corporation of Canada

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

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

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

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

More reading

• How to Build a Retirement Portfolio That Generates $2,000 a Month
• 1 Dividend Stock I’d Feel Confident Buying and Holding for a Decade
• A Standout TFSA Stock With a 6 % Monthly Payout Worth Knowing About
• 3 TSX Stocks That Could Outperform the Broader Market in 2026
• Oil Above $110 and Rates on Hold: 3 Canadian Energy Stocks Built for Both

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

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

One of the hardest-working picks in a 2026 TFSA

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

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

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

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

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

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

Compounding dividends

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

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

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

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

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

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

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

The market scenario in 2026

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

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

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

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

One simple TFSA adjustment that could help shield you in 2026

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

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

Shopify

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

Descartes Systems

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

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

Investor takeaway

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

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

More reading

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• 3 Canadian Stocks That Look Undervalued Enough to Buy With Confidence

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

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

Are you falling behind on your retirement goals?

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

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

Two bold stocks to boost your retirement portfolio

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

Gold stocks

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

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

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

A long-term growth stock to boost retirement

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

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

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

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

More reading

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

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

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

Celestica stock

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

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

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

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

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

Kinross Gold stock

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

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

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

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

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

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

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

What is driving energy prices?

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

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

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

Canadian energy dividend stocks worth watching right now

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

Canadian Natural Resources

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

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

Suncor stock

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

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

Canadian energy pipeline stocks worth watching right now

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

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

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

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

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

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

Two TSX stocks to boost TFSA returns

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

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

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

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

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

Is Micron a TFSA stock to own?

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

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

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

Ballard Power Systems

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

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

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

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

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• What the Average Canadian TFSA Looks Like at 50 – and 3 Stocks That Could Help You Catch Up
• 1 Canadian Stock I’d Be Happy to Keep in My TFSA Forever

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