enbridge

ENBRIDGE INC. $69 has agreed to form a joint venture with U.S.-based private equity firms KKR & Co. Inc. (New York symbol KKR) and Apollo Global Management Inc. (New York symbol APO) that will help fund the Aspen Point and Sunrise natural gas pipeline projects in B.C. These new pipelines will form part of the Westcoast pipeline system, which pumps natural gas from Alberta to Vancouver.

KKR and Apollo will contribute a total of $2.7 billion. In exchange, they will receive a 29% in the expanded Westcoast pipeline network. Enbridge also has the option to buy back that stake between the 7th and 14th year.

ENBRIDGE, $69.70, is a #1 Buy for 2026. The pipeline operator (Toronto symbol ENB; Shares outstanding: 2.2 billion; Market cap: $152.2 billion; TSINetwork Rating: Above Average; Dividend yield: 5.5%; www.enbridge.com) is expanding its operations in the Permian Basin in West Texas.

Enbridge has agreed to buy the Orla and Wink North oil gathering systems and a 50% stake in the Delaware Crossing system from Salt Creek Midstream.

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Demand for North American oil and natural gas remains strong, partly due to the disruptions caused by the Iran war. The steady volumes are good news for these pipeline operators, and help support their high dividends. We think Enbridge’s broader asset base makes it the better choice.

ENBRIDGE INC. $70 is a buy. The company (Toronto symbol ENB; Income-Growth Payer Portfolio, Utilities sector; Shares outstanding: 2.2 billion; Market cap: $154.0 billion; Dividend yield: 5.5%; 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.

BANK OF NOVA SCOTIA, $124.07, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $148.9 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.scotiabank.com) now expects its 14.92% stake in U.S.-based KeyCorp will contribute $90 million (Canadian) to its earnings before unusual items for the fiscal 2026 third quarter, ended July 31, 2026.

Fortis and Enbridge generate most of their earnings from rate-regulated utilities, which lets them earn predictable returns on both their existing assets and any new infrastructure projects. That stable business model supports their attractive dividend yield and cuts shareholder risk.

FORTIS INC. $81 is your #1 Income Buy for 2026. The company (Toronto symbol FTS; Conservative & Income Portfolios, Utilities sector; Shares outstanding: 509.1 million; Market cap: $41.2 billion; Price-to-sales ratio: 3.4; Dividend yield: 3.2%; TSINetwork Rating: Above Average; www.fortisinc.com) operates electrical and gas utilities in five Canadian provinces, 10 U.S. states and the Cayman Islands. Rate-regulated operations supply 99% of its revenue.

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