There are few wealth-building strategies more effective than investing in high-quality stocks and never selling. One area that’s of unique interest, is Canadian stocks. In this article, we discuss the 10 best Canadian stocks that you should hold forever and why these stocks are perfect for long-term investors.
Best Dividend Stocks in Canada 2025
10 Best Canadian Stocks to Hold Forever
What Makes a Stock a “Forever” Investment?
Before we get into the list, let’s define what a “forever” investment is when it comes to a stock. These are companies that have solid fundamentals, a long history of dividend payments, and an economic moat that will guarantee they won’t go anywhere for decades. Consider them like the backbone of your portfolio — dependable, durable, built to last.
Top 10 Crypto Passive Income Strategies for 2025
1. Royal Bank of Canada (RY)
Royal Bank of Canada (RY) is a juggernaut within the Canadian banking industry. RBC is a Canadian multinational bank and the largest bank in Canada, with diversified revenue streams in personal and commercial banking, wealth management, and capital markets. It is a no-brainer investment for long-term investors given its dividend payouts and solid financial performance.
Best Crypto Dividend Tokens for Passive Income 2025
2. Toronto-Dominion Bank (TD)
Coming up second is Toronto-Dominion Bank (TD), one of the giants of the Canadian banking system. TD’s strong North American presence gives it an edge. TD is a forever Stock, due to its attention to customer service and innovation.
3. Shopify (SHOP)
For growth, you need to consider Shopify (SHOP). Shopping used to a widely covered topic at a trend conference, but had become fast fashion and discounters, exposed by Shopify as a game changer in e-commerce platforms. Shifting gears slightly, this company is a bit newer compared to some of the more larger and established companies on this listI However, their potential for growth is indisputable.
4. Enbridge (ENB)
Enbridge (ENB) Last week I wrote about another catalyst for strengthening fundamentals, Enbridge (ENB), a backbone of Canada’s energy infrastructure. Enbridge is one of the largest pipeline companies in North America and is pivotal in the transportation of oil and gas. Its stable cash flows and high dividend yield makes it a forever stock on this list for income investors.
5. Canadian National Railway (CNR)
Canadian National Railway (CNR) is a textbook case of a buy-and-hold investment. Railways are the backbone of the economy, and CNR — with its wide-ranging network — is a big player. This can be a great company to hold in the long term since it generates consistent revenue.
6. Brookfield Asset Management (BAM)
Brookfield Asset Management (BAM) is a leading global alternative asset manager. Brookfield helps you gain an unparalleled level of diversification with investments in real estate, infrastructure, and renewable energy. It becomes a forever stock because of its strong returns.
7. Fortis (FTS)
Fortis (FTS) is tough to top for stability. Note: Fortis is a utility company that provides important services such as power and gas. Its regulated business model allows steady revenue, so it is a safe bet for long-term investors.
8. Constellation Software (CSU)
Tech is replete with these hidden gems and a prime example is Constellation Software (CSU). The company seeks out vertical market software businesses to acquire and operate, providing it with a stable, diversified portfolio.
9. Canadian Natural Resources (CNQ)
Canadian Natural Resources (CNQ) CNQ: Leader In The Energy Sector Canadian Natural Resources (CNQ) CNQ has a diversified portfolio of oil and gas assets that give it the ability to win in any environment. It is a top pick because of its commitment to returning value to shareholders.
10. Alimentation Couche-Tard (ATD)
Then, our final stock is Alimentation Couche-Tard (ATD), which you might know as the owner of Circle K. Couche-tard is well positioned in both North America and Europe, showing great growth and resiliency. It is a forever stock because of its adaptability to evolving consumer trends.
How to Build a Forever Portfolio
Your forever portfolio isn’t just about picking great stocks—it’s about diversification and patience. Diversify your investments over different sectors to limit risk. And, at the next market correction, remember that we want to hold our positions through thick and thin for the long hull gain.
Risks to Consider 10 Best Canadian Stocks to Hold Forever
Though the stocks above are excellent candidates to hold for the long term, nothing is ever without risk. Even the most distinguished companies may be affected by market volatility and economic change. As always, do your research and only invest with money you can afford to lose.
Conclusion
Buying Canadian stocks to build long-term wealth is wise. The 10 best Canadian stocks to never sell—RBC, TD, Shopify, Enbridge, CNR, Brookfield, Fortis, Constellation Software, CNQ, and Couche-Tard—promise a practical blend of stability, growth, and income potential. You will be able to build a portfolio that lasts the test of time by following the strong fundamentals and remaining patient.
FAQs
- What are the best Canadian dividend stocks?
Some of the best Canadian dividend stocks include RBC, TD and Enbridge, all of which maintain solid payout ratios and balance sheets. - How do I choose stocks to hold forever?
Seek out companies with solid fundamentals, sustainable competitive advantage/conduct, and proven track record of performance. - Are Canadian stocks safe for long-term investment?
Yes, because of the country’s stable economy and strong regulatory environment Canadian stocks are generally considered to be a safe investment. - What sectors dominate the Canadian stock market?
Some sectors that dominate the Canadian stock market are banking, energy and utilities. - How often should I review my forever portfolio?
Forever stocks are supposed to be held over the long term, but it’s a good idea to review your portfolio once a year to make sure your holdings still best serve your goals.