There’s no question that TSX energy stocks have had a strong run recently as tensions in Iran pushed oil prices higher. However, with ceasefire optimism now causing oil prices to start pulling back, many Canadian energy stocks have followed.

That kind of volatility can make investors uneasy in the short term, but for long-term investors, it can also create opportunities.

Because the conflict in Iran didn’t just move energy prices for a few months. It also reinforced how sensitive global supply is to geopolitical instability in the Middle East, and just how quickly disruptions can impact the entire global economy.

So, while TSX energy stocks are starting to pull back, the bigger picture hasn’t changed. If anything, the long-term importance of having a stable global energy supply has only become clearer.

At the same time, Canada continues to invest heavily in expanding export infrastructure and diversifying where its energy products are sold, particularly toward global markets like Asia.

So, with years of long-term growth potential still ahead of the sector, and with stocks now retreating on ceasefire news, this could be an attractive opportunity for investors looking to lock in high-quality energy stocks. Here are five of the best to consider.

Three TSX energy stocks to buy and hold long term

When it comes to buying energy stocks for the long haul, the focus should always be on businesses that can generate strong cash flow through different parts of the cycle, which is why Canadian Natural Resources (TSX:CNQ) is always a top pick.

It’s one of the largest and most diversified producers in Canada, with a strong mix of assets and a reputation for operating efficiently. Its low-cost operations and integrated model help it remain profitable even when oil prices fluctuate.

Another top pick is Suncor Energy (TSX:SU), which is intriguing for its integrated business model that includes both production and refining operations, which can help provide additional stability. When oil prices fall, refining margins can often help offset some of that pressure.

That balance makes Suncor less dependent on a single part of the energy value chain, which can be especially valuable during periods of uncertainty.

Then there’s Freehold Royalties (TSX:FRU), which offers exposure to the energy sector in a completely different way.

Instead of producing energy directly, Freehold owns royalty interests and collects a portion of the revenue from the production of other companies. That means it benefits from energy production without taking on the same level of operating costs or drilling risk as traditional producers.

That business model can be particularly appealing for dividend investors because it allows the TSX energy stock to offer an attractive yield, currently 6.1%, due to its relatively lower-cost structure.

Two top energy infrastructure companies offering additional stability

While producers tend to get most of the attention when oil prices move, energy infrastructure businesses can offer a more stable way to invest in the sector. In fact, one of the most popular dividend stocks among Canadian investors is Enbridge (TSX:ENB).

Enbridge operates one of the largest energy infrastructure networks in North America, moving oil and natural gas across the continent.

That’s what makes the business so attractive. It generates steady, recurring revenue that’s far less sensitive to commodity prices compared to producers.

However, it’s not just about stability. Enbridge also has significant long-term growth potential.

It continues investing in renewable energy, and as Canada looks to expand export capacity and diversify away from the U.S., Enbridge is one of the best-positioned companies to benefit from that shift.

Lastly, AltaGas (TSX:ALA) is another top TSX infrastructure stock in the energy space that offers a similar combination of stability and growth potential.

The company combines utility operations with midstream infrastructure, creating a more balanced business model. For example, its utility segment provides steady, defensive cash flow, while its midstream and export-related operations offer exposure to long-term growth.

That includes increasing demand for LNG and energy exports, especially as Canada continues expanding its role in global energy markets.

And it’s that combination that allows AltaGas to benefit from long-term energy demand while still generating reliable and predictable cash flow, which is why it’s one of the best TSX energy stocks to buy right now.

The post 5 TSX Energy Stocks to Buy as Oil Pulls Back on Ceasefire News appeared first on The Motley Fool Canada.

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Fool contributor Daniel Da Costa has positions in Enbridge and Freehold Royalties. The Motley Fool recommends Canadian Natural Resources, Enbridge, and Freehold Royalties. The Motley Fool has a disclosure policy.

The Tax-Free Savings Account (TFSA) is the ideal account to hold stocks that you expect to multiply and grow many times larger over the coming years. Since you are safe from all income tax inside the TFSA, you want to put stocks that you expect to provide the biggest gains.

You don’t want to pay any tax on a capital gain that is worth many multiples of your capital. In terms of investing, using your TFSA to maximize capital gains is one of the best uses of the account.

If you are looking for some stocks that have the potential to multiply many times over, here are two to contemplate right now.

Aritzia: A great stock for the long run in a TFSA

The first stock at the top of my TFSA list is Aritzia (TSX:ATZ). This $16 billion stock has become renowned across Canada and the United States for its attractive “Everyday Luxury” brand of women’s clothing.

Aritzia continues to elevate its consumer experience. Its recently launched app is helping boost sales. Likewise, larger, modern boutiques that even have in-store cafés are making Aritiza a shopping destination.  As it grows its boutique count in the U.S., its online sales gather greater momentum as well.

In 2025, Aritzia grew net revenue by 35% and adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) by 59%! It is aiming for over 18% revenue growth in 2026.

However, given strong consumer demand, it could exceed those targets. It has yet to penetrate international markets, so there are still considerable growth opportunities in the years to come.

Aritzia’s stock is up 121% in the past year and 370% in the past five years. It is by no means cheap at today’s price. However, its growth profile and outlook have considerably improved in that time.

Aritzia’s stock can be volatile, especially based on the macro-economy. I would only create a starter position today. However, I would be interested in adding more on pullbacks and market volatility.  

Constellation Software: A top compounder for a TFSA

Constellation Software (TSX:CSU) has been a major long-term winner for shareholders. Its stock is up 14,821% since it was publicly listed in 2006. However, recent stock performance has been painful. Its stock is down 44% in the past year.

This is a great opportunity for TFSA investors. You get to buy one of Canada’s best companies at a 44% discount. Recent results have been nothing less than excellent. It continues to deploy capital into new software acquisitions at a strong cadence. Constellation just delivered a quarter of +20% revenue growth. Free cash flow is pouring in, and its balance sheet is strong.

Even though its longstanding CEO, Mark Leonard, has resigned (due to health reasons), the company is in great hands with Mark Miller, who has been with the company for over 20 years.

The best part is that you can buy this stock for 12 times free cash flow. With an 8% cash flow yield, it really is a bargain price for a great company. While Constellation may not be in vogue today, eventually the stock will catch up to its results.

The post 2 Canadian Growth Stocks for Your TFSA in 2026 appeared first on The Motley Fool Canada.

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Fool contributor Robin Brown has positions in Aritzia and Constellation Software. The Motley Fool has positions in and recommends Aritzia. The Motley Fool recommends Constellation Software. The Motley Fool has a disclosure policy.

Some growth stocks only need a spark. Yet today, we’re looking at two names that already have a fuse burning. Canadian investors hunting for upside over the next year may want to look past the usual mega-cap names. Smaller growth stocks can move faster when earnings momentum, new contracts, and investor attention all line up.

They also carry more risk, of course. A single weak quarter can hit hard. Yet Kraken Robotics (TSXV:PNG) and Propel Holdings (TSX:PRL) both bring the kind of timely growth story that can draw fresh interest if execution stays on track.

PNG

Defence spending, subsea security, offshore energy, and unmanned systems all sit near the centre of global demand. Kraken stock builds sonar, subsea batteries, imaging systems, and robotic technology for military and commercial customers. That gives it a rare mix of defence exposure with a Canadian tech-growth angle.

The numbers make the story hard to ignore. Kraken stock reported 2025 revenue of $102.2 million, up 12% from 2024. More importantly, management expects 2026 revenue between $165 million and $175 million, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) between $40 million and $50 million, excluding any contribution from its planned Covelya acquisition. Right now, that points to more than 65% revenue growth.

That’s the “skyrocket” case. Yet Kraken stock also announced $87 million of product orders so far in 2026, including defence and SeaPower battery orders. Its new Nova Scotia battery facility should help it meet rising demand. Meanwhile, Covelya could expand its reach in global maritime robotics once the deal closes.

Still, this isn’t a sleepy blue chip. Kraken stock trades on big expectations after a huge multi-year run. Revenue can swing from quarter to quarter because large orders don’t always land neatly. Investors also need to watch integration risk if the Covelya deal closes. Even so, Kraken stock gives investors direct exposure to a market where governments and industry customers keep spending.

PRL

Propel Holdings offers a very different growth setup. Instead of robotics, it uses technology and artificial intelligence (AI) to provide credit products to consumers, mainly through digital platforms and bank partnerships. That makes it a fintech stock, but one with profits, dividends, and a real operating track record.

Consumers still need credit, even in a slower economy. Banks often pull back from riskier borrowers when conditions tighten. Propel steps into that gap with data-driven underwriting and products aimed at underserved customers. This can create strong growth, provided credit quality holds up.

Its latest quarter showed the machine still works. Revenue hit a record US$166.1 million in the first quarter of 2026, up from US$138.9 million a year earlier. Originations funded rose 30% to US$199 million. Adjusted EBITDA reached US$42 million, while loans and advances receivable climbed to a record US$466.4 million. Propel also raised its dividend again, with the quarterly payout moving to $0.24 per share, yielding 4.1%!

The stock adds another twist. At around $21, Propel trades well below its 52-week high of $39. That doesn’t guarantee a rebound, but it does mean investors can buy a fast-growing fintech at a much cooler price than the market once demanded. If earnings growth re-accelerates through 2026, the valuation could look more attractive quickly, especially if investors start rewarding profitable growth again.

The risk sits in the business model. Lending companies can suffer when unemployment rises or borrowers fall behind. Propel’s net income also slipped year over year in the latest quarter, even as revenue grew. Investors should therefore watch credit losses, funding costs, and regulatory changes.

Bottom line

Together, Kraken stock and Propel offer two bold but very different growth stories. Kraken rides defence and subsea robotics. Propel rides fintech, lending demand, and AI-driven underwriting. Neither stock suits cautious investors who hate volatility, but for those willing to accept risk, both could have room to run over the next 12 months — especially if the market keeps chasing profitable Canadian growth with visible earnings momentum building.

The post 2 Canadian Growth Stocks Set to Skyrocket in the Next 12 Months appeared first on The Motley Fool Canada.

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Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Kraken Robotics and Propel. The Motley Fool has a disclosure policy.

Pensioners and other dividend investors are searching for top TSX stocks to add to their self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolios focused on income and long-term capital gains.

The Bank of Canada will likely keep interest rates on hold through the end of the year if inflation doesn’t surge and the economy remains in decent shape. Many analysts expect the next move be the central bank to be to the upside, citing bigger risk of inflation, than risk of an economic downturn.

With this scenario in mind, it makes sense to consider companies that should benefit if rates remain stable or start to move higher.

Bank of Nova Scotia

Bank of Nova Scotia (TSX:BNS) trades near $110 per share at the time of writing. The stock is at a record high and is up more than 50% in the past 12 months.

The rebound is a relief for long-term holders of the stock who watched it underperform its peers for several years. Bank of Nova Scotia is making progress on a turnaround plan that is shifting capital investment away from Latin America, where the bank spent billions over the past three decades, to focus on the United States and Canada.

Bank of Nova Scotia sold its operations in Colombia, Panama, and Costa Rica and purchased a 14.9% stake in KeyCorp, an American regional bank. The company still has large operations in Mexico, Chile, and Peru. Investors will want to keep an eye out for potential monetization announcements in these markets over the medium term.

Bank of Nova Scotia’s stock surge is supported by improvements to its return on equity (ROE), as well as earnings growth driven partly by streamlining operations across the businesses. Further ROE improvements should support further gains in the stock price.

On the rate front, steady interest rates will enable variable-rate borrowers to plan investments or pay down debt. A rate hike would put pressure on borrowers with too much debt, but higher interest rates also tend to boost banks’ net interest margins. This can offset the negative impact of higher provisions for loan losses.

Investors who buy BNS stock at the current level can pick up a solid 4% dividend yield.

Manulife

Manulife (TSX:MFC) is another stock that went through some tough times, but is on a roll after a multi-year turnaround effort. The insurance and wealth management firm took a big hit during the financial crisis due to heavy losses tied to U.S. annuity products. At the time, the company cut the dividend by 50% in order to preserve capital. This launched the long restructuring plan that saw management derisk the business by reducing exposure to volatile moves in equity markets.

Manulife is now on sound footing. The company has been buying back stock over the past few years, while also raising the dividend. The company recently raised the dividend by 10%.

Manulife and its insurance peers got a nice boost when the Bank of Canada and the U.S. Federal Reserve hiked interest rates to get inflation under control. Rate cuts that occurred in the past two years have still left rates elevated compared to where they were before and during the pandemic.

Insurance companies have to keep large amounts of cash available to cover potential claims on their policies. The jump in interest rates enabled Manulife to generate better returns on these funds. A change of 1% might not sound like much, but the impact is significant when you are talking about billions of dollars.

Manulife’s wealth management operations have benefitted from strong equity markets in the past three years. Its international operations are also performing well, with Asia delivering an 18% gain in core earnings in 2025 compared to 2024.

The bottom line

Bank of Nova Scotia and Manulife pay good dividends that should continue to grow. If you have some cash to put to work, these stocks deserve to be on your radar.

The post 2 Canadian Dividend Giants to Buy With Rates on Hold appeared first on The Motley Fool Canada.

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The Motley Fool recommends Bank Of Nova Scotia. The Motley Fool has a disclosure policy. Fool contributor Andrew Walker has no position in any stock mentioned.

The Canadian stock market continued to trade on a bullish note on Monday as investors reacted positively to signs that the U.S. and Iran were still pursuing a diplomatic resolution to the ongoing conflict, with both sides signalling that talks were still ongoing. As easing concerns around prolonged disruptions in the Strait of Hormuz supported broader market sentiment, the S&P/TSX Composite Index jumped by 360 points, or 1%, from its previous closing level to settle at 34,831 — marking its fourth consecutive daily gain and a fresh record closing high for the benchmark.

While steep declines in commodity prices led to a selloff in energy stocks, the rally in the TSX benchmark was mainly driven by strong gains in other key sectors, such as mining, industrials, and technology.

At the same time, further declines in domestic Treasury bond yields, after reaching their highest level in over a year earlier this month, also improved investor appetite for interest rate-sensitive sectors such as real estate and financials.

Top TSX Composite movers and active stocks

Mining stocks such as Hudbay Minerals, First Quantum Minerals, Capstone Copper, and Montage Gold led the market rally, with each surging at least 7% to rank among the day’s top gainers on the Toronto Stock Exchange.

In contrast, weaker oil and gas prices weighed on energy companies, with Tamarack Valley Energy, Baytex Energy, Athabasca Oil, and Strathcona Resources all dropping at least 5%, making them the worst-performing TSX stocks for the day.

Shares of Pembina Pipeline (TSX:PPL) also slipped by 1.1% after the energy transportation and midstream service firm revealed plans to move ahead with its $570 million Heartland Extraction Plant project in Alberta and updated its long-term ethane supply agreement with Dow.

While the project is expected to strengthen Pembina’s natural gas liquids franchise and support its long-term EBITDA (earnings before interest, taxes, depreciation, and amortization) growth targets, investor sentiment toward energy stocks remained weak as oil prices fell sharply. Despite the recent weakness, however, PPL stock is still up around 30% on a year-to-date basis.

Based on their daily trade volume, Manulife Financial, Whitecap Resources, BlackBerry, Brookfield Asset Management, and Cenovus Energy were the five most active stocks on the exchange.

TSX today

West Texas Intermediate (WTI) crude oil futures prices fell sharply in early trading on Tuesday, but metals prices trended lower, pointing to a weak opening for the resource-heavy TSX benchmark today. Continued volatility in commodity markets could keep pressure on both Canadian energy and mining shares in the near term.

Fresh geopolitical tensions are likely to stay in focus for Canadian investors after the U.S. launched new strikes targeting Iranian missile sites and vessels near the Strait of Hormuz. Despite the military action, Secretary of State Marco Rubio said negotiations with Iran were still advancing.

Reports also suggested that discussions remain focused on reopening the Strait of Hormuz and resolving disputes around Iran’s enriched uranium stockpile and frozen foreign assets. Given the TSX’s large exposure to commodity producers, any further escalation or breakthrough in the U.S.-Iran talks could continue driving sharp swings in oil prices and broader market sentiment.

With no major domestic economic releases due, Canadian investors may want to keep an eye on the latest U.S. consumer confidence data this morning. On the corporate events side, the TSX-listed Silvercorp Metals will release its latest quarterly earnings report today after the market closing bell.

Market movers on the TSX today

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The post TSX Today: What to Watch for in Stocks on Tuesday, May 26 appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has positions in BlackBerry and Pembina Pipeline. The Motley Fool recommends Brookfield Asset Management, Pembina Pipeline, and Whitecap Resources. The Motley Fool has a disclosure policy.

Rate cuts can change the market’s mood in a hurry. When borrowing costs fall, investors often become more willing to buy stocks tied to lending, asset prices, dividends, and future growth. Lower rates can also ease pressure on borrowers, lift bond and equity markets, and make financial stocks look more attractive again. The first stocks to rally aren’t always the safest ones. Often, they’re the names where sentiment stayed low, but the business still has a clear path to better earnings.

FSZ

Fiera Capital (TSX:FSZ) fits that setup. The Montreal-based company manages money for institutional clients, private wealth clients, and private-market investors. That’s why falling rates could help. Lower rates can lift bonds, stocks, and investor confidence. That could support Fiera’s assets under management (AUM) after a choppy period. The company ended the first quarter of 2026 with $160.2 billion in AUM. That was down from $164.1 billion at the end of 2025 and $161.6 billion a year earlier. So, this isn’t a perfect growth story, but it does mean expectations already look low.

The latest results were mixed. In the first quarter of 2026, Fiera stock reported revenue of $153.3 million, down from $180.1 million in the previous quarter and $162.9 million a year earlier. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $42.7 million, down 21.9% from the fourth quarter, partly as performance fees were stronger in that prior period.

Still, the adjusted EBITDA margin reached 27.9%, showing the business can remain profitable through weaker conditions. Net earnings were $2.8 million, down from $21.8 million a year earlier. The stock also offers a high yield, which could attract income investors if rates fall.

EQB

EQB (TSX:EQB) offers a different kind of rate-cut opportunity. It’s the parent company of Equitable Bank and EQ Bank, with operations across personal banking, commercial banking, mortgages, deposits, and digital banking. A lower-rate environment could help EQB in several ways. It could support housing activity, improve borrower confidence, and reduce some stress around mortgage demand. EQ Bank’s deposit growth also gives the company a useful funding base.

In the first quarter of 2026, EQ Bank deposits reached $9.94 billion, up 10% year over year. Those deposits represented 27% of total deposit principal, which matters because a strong digital deposit base can help fund loan growth.

The latest quarter also showed momentum. EQB’s earnings per share (EPS) rose 48% sequentially, while return on equity improved to 11.1%. Its common equity tier-one capital ratio stood at 13.6%, giving it a solid cushion. The company also raised its quarterly dividend to $0.59 per share, up 4% from the prior quarter and 16% from the year before.

GWO

Great-West Lifeco (TSX:GWO) brings the highest-quality profile of the three. The company operates through major brands such as Canada Life, Empower, and Irish Life, offering insurance, retirement services, wealth management, benefits, and asset-management products.

Great-West could benefit if lower rates lift markets and investor confidence. Its scale is massive. In the first quarter of 2026, total client assets reached $3.3 trillion, including $1.1 trillion in higher-margin assets under management or advisement. That gives the company a deep earnings base tied to retirement and wealth markets.

The first-quarter results were strong, too. Great-West reported 20% year-over-year base earnings growth and base return on equity above 19%. Average client assets rose 9% in Retirement and 14% in Wealth. Its U.S. business continued to deliver double-digit base earnings growth, helped by Empower. That makes GWO a cleaner financial stock than many smaller rate-sensitive names.

Bottom line

If rates fall, financial stocks could come back into favour quickly. All three of these companies could benefit, and all three offer income from even $7,000 while you wait.

None is guaranteed a winner. But if investors start betting on lower rates, these could be among the financial names to rally first.

The post If Rates Fall, These 3 TSX Stocks Could Rally First appeared first on The Motley Fool Canada.

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

There’s no question that when investing in Canadian growth stocks, investors need to be selective when looking for businesses with real upside.

Not every stock has the ability to generate massive long-term returns. In fact, most don’t. Either their industries are too competitive, or much of their growth is already behind them.

However, the companies that do have that kind of upside tend to share a few key characteristics. They operate in growing industries, have scalable business models, and continue to execute well as they expand.

That combination is what allows certain businesses to scale over time and significantly increase their value.

Of course, these types of investments also come with more volatility and uncertainty. But for long-term investors, identifying companies with strong growth runways can sometimes lead to meaningful returns.

So, if you’re looking for high-quality Canadian stocks with significant upside potential, here are three top picks that could have what it takes to triple in value over the next five years.

A retail stock with years of expansion still ahead

If you’re looking for a high-quality Canadian growth stock to buy now and hold for years, there’s no question that one of the best to start with is Aritzia (TSX:ATZ).

Aritzia has already proven it can grow rapidly. Over the last several years, it has built a strong brand with a loyal customer base and a premium positioning that continues to resonate, especially with younger consumers. That’s translated into a total return of 370% for investors over the last five years.

And the best part is that the stock still has a tonne of runway left. While Aritzia is already well known in Canada, it’s still in the early stages of scaling its presence south of the border.

So, as it continues opening new boutiques and growing its e-commerce platform, it has the potential to reach a much larger audience.

Retail businesses with strong brands and efficient, vertically integrated operations can benefit from operating leverage, meaning that as revenue grows, profits can expand even faster if execution remains strong.

That’s why a company like Aritzia is one of the best Canadian growth stocks to buy now. It’s not just growing sales, it’s scaling the business in a way that drives even stronger earnings over time.

A smaller Canadian growth stock with significant upside potential

In addition to Aritzia, another top Canadian growth stock to consider today is Propel Holdings (TSX:PRL), especially while it trades so cheaply.

Propel operates a fintech platform that uses technology and data to provide lending solutions, particularly to underserved consumers. And because its model is built digitally, it has the ability to scale much more efficiently than traditional lenders.

That scalability is what gives it real upside because, as Propel continues expanding into larger markets like the U.S. and the U.K., it has the potential to grow its customer base without needing to significantly increase its costs in the same way a traditional financial institution would.

Plus, since it’s still relatively small compared to its long-term opportunity, even steady execution can lead to meaningful growth over time.

And with the stock trading nearly 50% off its 52-week high, it’s not just one of the best Canadian growth stocks to buy for the long term, but also offers upside as the stock recovers.

A Canadian space stock benefiting from long-term industry growth

Lastly, MDA Space (TSX:MDA) is an intriguing growth stock that operates in areas like satellite technology, robotics, and defence-related infrastructure, all of which are seeing increasing investment globally.

So, while it’s not as well-known as some other Canadian stocks, the company is positioned to benefit from a long-term surge in demand for communications and space infrastructure.

It already has a $3.7 billion backlog, which provides clear visibility into near-term revenue and helps reduce some of the uncertainty.

And beyond that, the opportunity is still massive. The broader industry continues to expand rapidly, with both governments and private companies investing heavily in space and satellite technology, and MDA has identified roughly $40 billion in potential future opportunities.

Therefore, given it’s still a smaller player compared to the size of the overall opportunity and has years of growth potential, it’s one of the best Canadian growth stocks to buy now, one that could potentially triple over the next five years.  

The post 3 Canadian Stocks With the Potential to Triple in Value Within 5 Years appeared first on The Motley Fool Canada.

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Fool contributor Daniel Da Costa has positions in Aritzia. The Motley Fool has positions in and recommends Aritzia and Propel. The Motley Fool recommends MDA Space. The Motley Fool has a disclosure policy.

The Canadian stock market continues to witness heightened volatility in 2026 as global trade tensions, geopolitical risks, and macroeconomic uncertainties continue to take a toll on investor sentiment. During periods of market volatility, even experienced investors get nervous. That’s why it could be the right time for you to add some quality dividend stocks to your portfolio, as they can provide steady income while also helping you preserve and grow wealth over the long term.

Among top Canadian dividend stocks, financial services companies tend to play a major role in building stable portfolios. This is because the strongest businesses in this sector usually combine reliable cash flow, disciplined capital management, and diversified operations that can weather changing market conditions.

One TSX stock that currently checks all those boxes is Great-West Lifeco (TSX:GWO). Let’s find out why this Canadian dividend giant could remain a dependable long-term investment through almost any market environment.

Great-West Lifeco stock

Headquartered in Winnipeg, Great-West Lifeco is a holding company operating through major brands such as Canada Life, Empower, and Irish Life. The company provides insurance, retirement, wealth management, and workplace benefits solutions across Canada, the United States, and Europe.

GWO stock has rallied by 54% over the last 12 months with the help of its improving financial performance. With this, the stock now trades at $77.31 per share with a market cap of nearly $70 billion. More importantly for income-focused investors, Great-West also offers a quarterly dividend with a yield of 3.5%.

A closer look at its key strengths

One of the company’s biggest strengths is the consistency of its earnings growth. In the first quarter of 2026, Great-West’s base earnings rose 20% year-over-year (YoY) to $1.2 billion, while its net earnings also jumped 39% YoY to $1.2 billion. At the same time, its profitability metrics remained strong, with the company’s base return on equity (ROE) surging above 19% and base earnings reaching $1.37 per share.

Another important factor supporting investor confidence lately has been the company’s strong capital position and cash generation. Great-West Lifeco repurchased $567 million worth of common shares during the first quarter and bought back another $87 million after the quarter ended. Notably, continued share repurchases could help improve shareholder value over time by reducing the number of shares outstanding.

The company’s long-term strategy also appears to be delivering results as it continues to focus heavily on shifting the business toward higher-growth and more capital-efficient operations. That approach has helped Great-West drive strong growth in client assets. That’s one of the key reasons why its total client assets recently reached $3.3 trillion, with $1.1 trillion related to higher-margin assets under management or advisement.

A strong balance sheet could help it weather future market volatility

In the United States, Great-West Lifeco’s operations are also continuing to deliver strong results. The segment posted double-digit base earnings growth in the latest quarter, backed by favourable markets, positive client flows, improved credit experience, and operational efficiency improvements.

Meanwhile, the company’s life insurance capital adequacy test ratio stood at 129%, while the holding company’s cash totaled $2.1 billion. This strong balance sheet gives Great-West enough room to continue investing in growth opportunities, technology, and quality acquisitions.

Why Great-West Lifeco could remain a dependable dividend stock

Interestingly, Great-West also continues to invest in digital transformation, operational efficiency, and expanding higher-growth businesses. These efforts could help it strengthen profitability and support long-term shareholder returns.

That’s why GWO remains one of the strongest options on the Toronto Stock Exchange, especially for investors looking for a dependable Canadian dividend stock capable of generating reliable income through changing market conditions.

The post The #1 Canadian Dividend Stock I’d Hold Through Any Storm appeared first on The Motley Fool Canada.

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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.

A Tax-Free Savings Account (TFSA) is an effective wealth-building tool available to Canadian investors. Every dollar your investments earn inside a TFSA can compound free from taxes. That means your capital gains, dividends, and long-term returns stay fully in your pocket.

Against this background, here are the absolute best Canadian stocks to hold forever in a TFSA.

Best Canadian stock #1: Cameco

As artificial intelligence (AI) drives one of the biggest infrastructure buildouts in decades, TFSA investors could consider adding the best Canadian stocks positioned to benefit from soaring electricity demand.

The rapid expansion of AI data centres is placing enormous pressure on global power grids. At the same time, governments and corporations continue pushing toward electrification and decarbonization, increasing the need for stable, large-scale energy generation. This is creating a solid long-term tailwind for nuclear energy companies such as Cameco (TSX:CCO).

Cameco owns some of the highest-quality uranium assets in the world, including several of the industry’s lowest-cost reserves. This gives the company a competitive advantage. During periods of weaker uranium prices, Cameco’s low-cost production helps protect profitability. When uranium markets strengthen, the company is positioned to generate significant upside leverage.

Further, Cameco has strategically expanded across the nuclear fuel supply chain through investments in Westinghouse Electric Company and Global Laser Enrichment. Moreover, long-term contracting also strengthened Cameco’s business model. The company’s long-duration agreements improve revenue visibility and cash flow stability.

Looking ahead, as AI infrastructure expands and electricity consumption rises, reliable baseload power is becoming increasingly critical, potentially putting uranium demand in a strong multiyear growth cycle. This provides a solid growth opportunity for Cameco.

Overall, Cameco is the absolute best Canadian stock to capitalize on AI infrastructure buildout and green energy.

Best Canadian stock #2: MDA Space

MDA Space (TSX: MDA) is a solid TSX stock to buy and hold in a TFSA forever. The Canadian space technology company is one of the most compelling growth opportunities on the TSX, backed by booming demand for satellite infrastructure, rising defence spending, and a multi-billion-dollar backlog that provides strong revenue visibility.

MDA Space operates across three high-growth businesses, including satellite systems, geointelligence, and advanced robotics. This positions it well to capitalize on demand.

Its satellite systems division has become a major growth engine for the company. MDA is participating in multiple communications satellite programs while also gaining momentum in next-generation satellite constellation projects.

Its robotics and space operations segment continues to gain traction through government-backed programs and commercial partnerships. The company has deep expertise in robotics technology, an area likely to remain strategically important as lunar exploration and orbital infrastructure projects expand. At the same time, its geointelligence segment is delivering steady growth through increasing demand for Earth observation and data services.

As of the first quarter of fiscal 2026, the company reported $3.7 billion in contracted backlog, providing strong visibility into future revenue growth. Further, MDA’s longer-term opportunity pipeline remains compelling.

MDA is targeting roughly $40 billion in potential opportunities over the next five years, which will boost its financials and drive its share price higher.

The post The Absolute Best Canadian Stocks to Buy and Hold Forever in a TFSA appeared first on The Motley Fool Canada.

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Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends Cameco and MDA Space. The Motley Fool has a disclosure policy.

If your Tax-Free Savings Account (TFSA) is sitting in cash or a low-yield guaranteed income certificate, you are leaving an enormous amount of money on the table. And I mean that literally.

The TFSA is one of the most powerful wealth-building tools ever handed to a Canadian investor, but it only works if you treat it like an investment account and not a digital piggy bank.

Right now, one TSX stock that deserves serious consideration for your TFSA is Tecsys (TSX:TCS), a Canadian software company that just delivered its best quarterly earnings in history.

The TFSA is an investment account

The federal government introduced the TFSA in 2009 and, with respect, picked a terrible name. That one word, “Savings,” has convinced millions of Canadians to park their contribution room in cash, earning 2–3% annually.

Here is the problem with that. As of 2026, the lifetime cumulative TFSA contribution room sits at $109,000 for those eligible since inception. At 4% annually, that $109,000 grows to roughly $218,000 over 18 years.

Comparatively, the S&P 500 Index has returned 10% annually on average over the past six decades. So, investing in low-cost index funds that track the S&P 500 can help you double your money in just over seven years.

A $109,000 investment can grow to more than $600,000 over 18 years at a 10% compounded annual growth rate.

Tecsys is a top TFSA stock to own

In its fiscal third quarter of 2026, Tecsys delivered adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $5 million, up 43% from the same period a year earlier.

According to Tecsys CEO Peter Brereton, it was the highest quarter of adjusted EBITDA in the company’s history.

• SaaS revenue grew 17% year over year to $20.1 million.
• SaaS annual recurring revenue (ARR) reached $83.3 million, up 16% on a constant currency basis.
• Most importantly, the company’s Elite SaaS ARR, its core product line and the primary growth engine, grew 23% on a constant currency basis, accelerating from 21% in the prior quarter.

Tecsys serves two high-demand verticals: healthcare supply chains and distribution. In Q3, it signed new logos, including the Memorial Sloan Kettering Cancer Center and UT Southwestern, two of the most respected academic medical centers in the United States.

The pipeline entering Q4 was up 30% compared to the same period last year. New logo bookings over the trailing 12 months were up more than 150%. And this was achieved without any migration bookings, meaning the demand was entirely organic.

The company also commercially launched TecsysIQ, its artificial intelligence layer that integrates data from internal systems and external healthcare-specific sources, such as the U.S. Food and Drug Administration and the Global Unique Device Identification Database.

Brereton described it plainly on the earnings call: artificial intelligence without underlying data just hallucinates. Tecsys provides the data foundation that makes its AI capabilities meaningfully different from the generic AI tools flooding the market.

The Foolish takeaway

Analysts tracking the TSX tech stock forecast its free cash flow to expand from $11.2 million in 2025 to $45 million in 2030. If the small-cap stock is priced at 20 times forward FCF, it could almost double within the next four years.

Growth stocks like Tecsys are precisely the kind of holding that turns the TFSA into the wealth accelerator it was designed to be. When a stock doubles or triples over a decade, the capital gain within a TFSA is entirely yours to keep.

Tecsys is a profitable, growing software business with a sticky customer base, low churn (under 2% in its Elite tier), and an expanding moat in healthcare logistics, one of the most recession-resistant markets on earth. The company reaffirmed full-year fiscal 2026 guidance for SaaS revenue growth of 20–22% and adjusted EBITDA margins of 8–9%.

Given consensus price targets, the TSX tech stock offers a 21% upside from current levels.

The post Wake Up Canadian Investors: If You’re Not Doing This You’re Probably Using Your TFSA All Wrong appeared first on The Motley Fool Canada.

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