enbridge

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CANADIAN PACIFIC KANSAS CITY, $123.84, is a buy. The company (Toronto symbol CP; Shares outstanding: 887.7 million; Market cap: $109.9 billion; Rating: Above Average; Dividend yield: 0.8%) continues to replace its older diesel-powered locomotives with new fuel-efficient Tier 4 models. In 2025, it spend $400 million for 100 of these new locomotives. That has helped it cope with the sharp jump in fuel prices due to the Iran war.

The company is also exploring other ways to cut its fuel costs. Those include retrofitting diesel locomotives with hydrogen fuel cells and batteries. It has now placed seven of these locomotives into service.

Exchange-traded funds (ETFs) give you a low-cost, flexible alternative to mutual funds. Here are five ETFs we recommend and one to sell.

ENBRIDGE INC. $78 saw new pipelines and other projects spur its revenue in the quarter ended March 31, 2026. Specifically, revenue rose 20.8%, to $22.36 billion from $18.50 billion a year earlier. At the same time, the company’s DCF (distributable cash flow) in the quarter also increased 1.9%, to $3.85 billion from $3.78 billion. DCF per share rose 1.7%, to $1.76 from $1.73, on more shares outstanding.

Enbridge last raised your quarterly dividend by 2.9% with the March 2026 payment, to $0.97 a share from $0.9425. The new annual rate of $3.88 yields a high 5.0%. The company has now increased its dividend in each of the past 31 years.

Low interest rates make bonds unattractive, but for investors who want stable income through bonds, we see two Canadian bond ETFs as buys

Shares of Enbridge dipped recently amid fears that rising crude shipments from Venezuela to U.S. Gulf Coast refineries would reduce volumes of Canadian oil moving through its pipelines. However, those refineries are operating below capacity, leaving ample room for additional supply from both countries. Meanwhile, Enbridge’s slate of expansion projects continues to boost its cash flow and dividend.


ENBRIDGE INC. $73 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $160.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 5.3%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S. Its network transports 30% of the crude oil produced in North America, and 20% of the natural gas consumed in the U.S. The company also distributes gas to 7.1 million customers in Ontario and Quebec, and five U.S. states.

Utilities remain a popular choice for income-seeking investors as their vital services give them predictable cash flows for dividends. Both of these are buys.

ENBRIDGE INC. $72 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $150.4 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Highest; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S. Its network transports 30% of the crude oil produced in North America and 20% of the natural gas consumed in the U.S. The company also distributes gas to 7 million consumers.

These two Canadian ETFs track Canada’s best-established indexes and provide low-fee exposure to widely traded blue chip stocks.

We have singled out two stocks and one ETF as your #1 buys for 2026. Each offers investors long-term growth prospects at a reasonable price. We feel all three are poised to deliver solid income and big gains for our readers, not only this year but for many years to come.

Using our selection criteria to spot the best TSX stock list recommendations will help you choose top stocks for your portfolio