It’s getting harder to envision hanging onto shares of a company for more than a few quarters at a time, let alone an entire decade, especially given that the bearish, fear-inducing chatter tends to accelerate when the broad markets are at risk of slipping into a correction and a new list of fears makes it more tempting to sell, even if it means turning a paper loss into a real one.

Undoubtedly, for investors who are willing to tune out and hang on, I think there are rewards to be had, especially for those who can tell the difference between noise and actual developments that might challenge or even completely destroy their original investment thesis. Indeed, whether it’s the rise of a new technology that could eat away at margins or mismanagement, several factors might justify hitting the sell button.

Of course, investors should stay in the know when it comes to their really long-term positions, especially at a time like this, when AI is probably hungry to take market share across various industries as a monetization “rush” of sorts swoops in to justify recent spending. It’s hard to know what’s at risk, what can adapt, and what can thrive amid agentic AI.

But the good news is you don’t have to bet on the fallen companies that might experience vast shifts in their strategies. In this piece, we’ll look at one stock that I think has economic moats that are wide and immune to the eroding effects of new tech, including AI agents.

Dollarama

Dollarama (TSX:DOL) and its network of discount stores probably isn’t going to be disrupted at the hands of an AI agent. Of course, agentic commerce might change the way how consumers shop, but, for the most part, I think one needs to physically go into a store to get the absolute best deal. And when it comes to affordable goods, Dollarama continues to be the top dog to beat. Given its supply deals and ability to pass savings to consumers, I view the firm as just too competitive on pricing to shed its moat.

Of course, management changes and a failure to adopt AI behind the scenes might limit how much value the retailer can pass on to consumers. Either way, though, I think Dollarama has the means to drive operating costs lower and perhaps offer even better deals to consumers in a time when inflation is lingering.

Dollarama stock is fresh off a correction, which I previously touted as a great entry point for investors. The traffic decline seems mostly due to external factors rather than anything specific to the firm itself. Until the firm reveals multiple quarters of flat-to-negative traffic, I wouldn’t get concerned enough to hit sell.

The company is currently sprinting down a promising and lengthy multi-year growth pathway. It’s expanding its footprint, adding warehouse capacity, and is acquiring its way into new markets, which might be the golden pathway to next-level growth. Between domestic stores, Dollarcity, and Australian retail locations, I think the discount retail icon has runway and a capable enough management team to execute.

In short, I like the growth formula and think the next 10 years could be incredibly exciting, regardless of what direction the economy takes.

The post 1 TSX Dividend Stock I’d Feel Comfortable Holding for a Full Decade appeared first on The Motley Fool Canada.

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Fool contributor Joey Frenette has no position in any of the stocks mentioned. The Motley Fool recommends Dollarama. The Motley Fool has a disclosure policy.

When it comes to investing and picking which Canadian stocks to buy, it often feels like you have to choose between growth and dividends.

You either buy high-growth stocks that can increase in value quickly during strong economic environments but don’t pay much, if anything, in dividends or offer much downside protection.

Conversely, you can choose reliable dividend stocks that generate consistent income across different economic environments but don’t offer as much upside and can underperform during bull markets.

However, while that trade-off might seem true on the surface, and can certainly be the case at times, it’s also why many of the best Canadian stocks to buy for the long term can actually offer both.

These are well-established businesses that can consistently grow their operations and profitability over time. And that growth doesn’t just drive capital gains, it also allows them to consistently increase the cash they return to shareholders.

That combination is what accelerates the compounding effect and ultimately what builds wealth over the long haul. And that’s why finding the highest-quality Canadian dividend growth stocks to buy and hold, such as these two top picks, is so important for long-term investors.

A high-quality REIT that still has plenty of growth ahead

If you’re looking for a reliable Canadian stock that can offer both years of attractive growth potential and appealing dividend income, there’s no question that a stock like Granite REIT (TSX:GRT.UN) is one you’ll want to consider.

Granite isn’t just a high-quality REIT that generates reliable cash flow and pays a steady monthly distribution, although that’s certainly a main reason why it’s one of the best dividend growth stocks Canadians can buy.

However, it’s also much more than that because Granite primarily owns industrial properties, including logistics and e-commerce facilities, which have been in incredibly high demand over the last several years.

In fact, that demand has pushed its occupancy rate to nearly 99% in recent quarters, which not only maximizes revenue in the near term but, more importantly, has allowed Granite to significantly increase rents.

In fact, in some cases recently, as leases have been renewed, the company has been able to raise rates by more than 40%.

That’s why it’s such a reliable dividend growth stock for Canadians to consider today.

And that growth in profitability isn’t just leading to a higher unit price over the long term, it allows Granite to continue increasing its distribution, which currently offers a yield of 3.7%.

So, while it may not be the highest-yielding REIT on the market, it’s one of the most balanced, which is why it’s a top pick for Canadian investors who want a stock that pays reliable dividends and a clear path for long-term growth.

One of the most reliable dividend growth stocks that Canadians can buy

In addition to a stock like Granite, on the other end of the spectrum, Canadian Utilities (TSX:CU) is a name that offers a different kind of balance.

As a utility stock, it’s certainly not a high-growth pick in the traditional sense. However, that doesn’t mean it doesn’t grow; it just grows in a much steadier and more predictable way, which is arguably more compelling for many investors.

In fact, Canadian Utilities is easily one of the most reliable dividend stocks you can buy in Canada, with the longest dividend growth streak of any company, currently sitting at more than half a century.

That alone tells you a lot about both the consistency of its profitability through many different economic environments, and also its ability to continue growing.

People never stop needing electricity or natural gas, regardless of what’s happening in the economy, which is why its business is so dependable.

And now, with significant investment going into infrastructure, especially in areas like power and data centres, there’s a long-term tailwind building.

So while the growth may not be explosive, it’s consistent, and when you combine it with its dividend, which currently yields around 3.8%, it’s a stock you can buy and hold with confidence.

And that’s the goal. Because when you combine reliable stocks like Granite, which offer a bit more growth, with stocks like Canadian Utilities, which offer more stability, you end up with a well-balanced portfolio that does both.

The post 2 Canadian Stocks That Offer Both Growth and Dividends in One Portfolio appeared first on The Motley Fool Canada.

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Fool contributor Daniel Da Costa has no position in any of the stocks mentioned. The Motley Fool recommends Granite Real Estate Investment Trust. The Motley Fool has a disclosure policy.

Turning a single $7,000 contribution into $70,000 may sound ambitious — but for disciplined, long-term investors, it’s an achievable goal. The key isn’t luck or speculation. It’s time, compounding, and smart stock selection inside your Tax-Free Savings Account (TFSA).

The power of time and compounding

To grow $7,000 tenfold, you need two ingredients: patience and a solid rate of return. Compounding works best when you give it years — ideally decades — to do the heavy lifting. The longer your investment horizon, the less you need to rely on short-term market swings.

Historically, the Canadian stock market has delivered strong long-term returns. Over the past decade, it has compounded at roughly 12.7% annually. At that rate, a $7,000 investment could grow to $70,000 in just over 19 years — without adding another dollar.

Of course, returns aren’t guaranteed. Markets go through cycles driven by interest rates, economic conditions, and global events. But long-term investors who stay invested through volatility have consistently been rewarded. The takeaway is simple: time in the market matters far more than timing the market.

Aim for market-beating stocks

While matching the market can get you to your goal, outperforming it can get you there faster. That’s where careful stock selection comes in.

Consider leaders like Royal Bank of Canada (TSX:RY) and Canadian Natural Resources (TSX:CNQ). Over the past decade, these companies have delivered annualized returns of approximately 16.4% and 18.8%, respectively — well above the broader market. These results didn’t happen overnight; they came from strong business models, consistent earnings growth, and disciplined management.

RBC earns a diversified mix of revenues – approximately half of it comes from interest income from loans and mortgages, while the rest comes from fee-based businesses like wealth management, advisory, and trading. This diversification matters. When lending slows, such as during a recession, capital markets or wealth management could help offset that. 

CNQ is one of Canada’s largest oil and gas producers with a diversified asset base of oil sands, conventional crude oil, and natural gas operations. The business is well-managed and creates long-term shareholder value, including increasing its dividend for about 25 years. For example, its 10-year dividend growth rate was nearly 18% per year.

The lesson isn’t to chase past winners blindly. Instead, look for companies with durable competitive advantages, reliable cash flow, and long growth runways. Canadian banks, energy producers, and select global growth companies can all play a role in a TFSA designed for long-term compounding.

Just as important is valuation. Even great companies can underperform if you overpay. That’s why experienced investors often build positions gradually and buy more aggressively during market corrections.

Build a simple, disciplined strategy

Growing your TFSA into a five-figure — or even six-figure — portfolio doesn’t require constant trading. In fact, simplicity often wins.

Start with a diversified basket of high-quality stocks across key sectors. Reinvest any dividends to accelerate compounding. Stay consistent, avoid emotional decisions, and resist the urge to react to short-term noise.

Most importantly, think long term. A TFSA is one of the most powerful investment tools available to Canadians because all gains are tax-free. That means every dollar of growth stays in your account, compounding further over time.

Investor takeaway

Turning your $7,000 TFSA contribution into $70,000 or more is entirely possible with the right mindset. Focus on long-term investing, aim for strong — ideally market-beating — returns, and stay disciplined through market ups and downs. By owning quality businesses like Royal Bank of Canada and Canadian Natural Resources, buying on dips, and letting compounding work over time, you give yourself a realistic path to achieving that tenfold growth.

The post How to Grow Your 2026 TFSA Contribution Into $70,000 or More appeared first on The Motley Fool Canada.

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

Growth stocks deserve a place in a well-diversified portfolio. They’re usually the higher-risk part of a portfolio, but this means that they’re also the stocks with the greater upside. How much an investor allocates to this type of stock will be a subjective choice. But an allocation of up to 40% for young investors and below 15% for older investors is typically recommended.

In this article, I’d like to discuss two growth stocks that I’ve written about in the past. They’re both down significantly since their 2025 highs – and they’re both experiencing strong fundamentals and growth.

Blackberry Ltd. (TSX:BB) and Well Health Technologies Corp. (TSX:WELL) are the two stocks that I’m recommending as strong buys today. They’re down 36% and 47%, respectively, yet they’re looking forward to a strong future.

Let’s take a look.

Blackberry (BB) stock: The turnaround is complete

A well-respected and technically excellent technology company that’s leading the charge in embedded systems and secure communications is Canada’s own Blackberry. After many years of sub-optimal performance, today Blackberry is sitting on the precipice of strong growth.

This growth will be driven by Blackberry stock’s QNX segment, which has embedded software that’s in demand for connected cars, robotics applications, and medical devices. Simply put, Blackberry’s software is in high demand and recent fourth quarter results demonstrate this.

Blackberry’s QNX segment posted a 20% increase in revenue to $78.7 million in Q4. This was accompanied by strong royalty backlog, which hit $950 million, highlighting a multi-year revenue growth profile. This visibility is a big deal for Blackberry and its investors, with growth being seen in the automotive space but also in the general embedded space. As per management, the growth that they expect in the general embedded space is massive.

For now, Blackberry (BB) stock has completed its turnaround and its growth is ramping up. Connected cars and medical devices, and robotics are increasingly using Blackberry’s software and this is translating into a strong future.

Well Health Technologies (WELL) stock: Consistently strong growth

Well Health Technologies is another growth stock that’s currently attractively priced as it heads into a strong future. The company is an omni channel digital healthcare company, with a network that includes primary, specialized, and diagnostic healthcare services and facilities. Well Health has been growing exponentially in the last few years, and this is increasingly being accompanied by increased profitability and margins.

Revenue in 2025 increased 34% to $1.4 billion and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 17% to $148.6 million. Net income hit a record $126.5 million or $0.50 per share, which compared to $0.03 in the same period last year. Finally, free cash flow increased 19%.

I’m highlighting these results to drive home the fact that Well Health stock’s business is absolutely booming. The acquisitions that were made in 2025 are driving these results. But so are the efficiency gains that are being made due to Well Health’s system. For example, patient visits per billable hour are rising fast.

Looking ahead, Well Health management is expecting the strong growth to continue. In fact, Well Health clinics only deliver 1.5% of patient care. The market is highly fragmented, and Well Health is targeting to capture 10% market share within the next eight to ten years.

The bottom line

The numbers speak for themselves. Yet, BB stock is down big despite a clear improvement in its fundamentals and growth rate. Similarly, WELL stock is also down big, and its growth numbers have been consistently strong in the last many years.

There’s a disconnect in both of these cases, in my view. This is why I would take the opportunity today to add both of these growth stocks to my list of holdings.

The post 2 Growth Stocks That Have Pulled Back Up to 47% – and Look Worth Buying Right Now appeared first on The Motley Fool Canada.

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Fool contributor Karen Thomas has positions in Blackberry and Well Health Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

As we step into April 2026, it’s time for Canadian investors to check their Tax-Free Savings Account (TFSA) contribution room. The Canada Revenue Agency (CRA) updates this limit every year, and for 2026, it stands at $7,000. That makes it important to confirm your available room using both CRA records and your financial institution to avoid costly over-contribution penalties.

More importantly, this is a great opportunity to think about how you can use your TFSA more effectively. One of the smartest ways to do that is by investing in fundamentally strong, dividend-paying stocks that can grow your wealth over time – all while your returns remain tax-free.

In this article, I’ll highlight two top Canadian bank stocks that stand out for their stability and consistent dividend growth, making them great for TFSA investors.

Scotiabank stock

Bank of Nova Scotia (TSX:BNS), also known as Scotiabank, is one of Canada’s largest financial institutions with a market cap of $120.2 billion. Following a solid 43% run over the last year, BNS stock now trades at $97.64 per share. It also offers a quarterly dividend with a yield of 4.5%.

Scotiabank delivered impressive financial growth in its latest quarterly results (for the quarter ended in January 2026). The bank reported net income of $2,299 million, a sharp increase from $993 million in the same period last year. Its adjusted EPS (earnings per share) came in at $2.05, reflecting 16% YoY (year-over-year) growth. Meanwhile, ROE (return on equity) improved to 13%, supported by solid contributions from its core segments.

Looking deeper, Canadian Banking generated $960 million in net income, up 5% YoY, while International Banking contributed $737 million, rising 7%. The bank’s CET1 (Common Equity Tier 1) ratio stood at 13.3%, highlighting its strong capital position.

Now, Scotiabank is targeting a return on equity above 14% by 2027. Its continued investments in digital capabilities and international expansion could support long-term growth and improve profitability.

National Bank of Canada

National Bank of Canada (TSX:NA) is another strong contender for TFSA investors. It currently has a market cap of $71.6 billion, and as of April 2, 2026, its stock trades at $185.01 per share after gaining an impressive 52.2% over the past year. The bank offers a quarterly dividend yield of 2.7%.

In the January 2026 quarter, National Bank reported net income of $1.3 billion, up 26% YoY. Its adjusted diluted EPS rose to $3.25, reflecting an 11% increase from a year ago. This growth was largely driven by its Personal and Commercial Banking segment, where net income surged by 47% to $427 million. The bank also benefited from higher loan volumes and the integration of Canadian Western Bank (CWB), which it acquired in February 2025. In addition, its Wealth Management segment posted a 12% increase in net income to $272 million, supported by strong fee-based revenue.

Meanwhile, the bank is focusing on strategic acquisitions and digital innovation to enhance customer experience and drive growth. These initiatives, combined with its strong fundamentals, position it well for the long term.

Foolish bottom line

Using your TFSA wisely can make a big difference to your long-term financial goals. And Scotiabank and National Bank of Canada both offer a compelling mix of steady income, strong financial performance, and growth potential. By allocating your TFSA contributions to such high-quality dividend stocks, you not only generate passive income but also give your portfolio a chance to compound tax-free over time.

The post How Canadians Should Be Using Their TFSA Contribution Limit in 2026 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 recommends Bank of Nova Scotia. The Motley Fool has a disclosure policy.

Tourmaline Oil (TSX:TOU) is down roughly 28% from its all-time highs, allowing investors to buy a quality stock at a lower multiple.

Tourmaline is one of the largest and lowest-cost natural gas producers in Canada, and right now the market is punishing it almost entirely due to weak local gas prices. That is a temporary problem, given that the underlying business is getting stronger by the quarter.

Here is the full case.

Tourmaline is a natural gas powerhouse

Tourmaline is Canada’s largest natural gas producer. It operates across two massive resource plays: the Alberta Deep Basin and the Northeast British Columbia Montney. Both are derisked through more than 2,640 wells drilled, with full processing and pipeline infrastructure in place.

• The company has spent 17 years building what is now six billion barrels of oil equivalent in proven and probable reserves.
• Last year, Tourmaline drilled 320 gross wells and led the entire Canadian industry with 1.7 million metres drilled.
• Well performance in the BC Montney was the best in six years, running 22% above the previous five-year average.
• Q4 liquids production hit a record 152,673 barrels per day.
• January 2026 production averaged over 685,000 barrels of oil equivalent per day.

A low-cost production benefit

Tourmaline launched a cost-reduction initiative in mid 2025, and the early results are striking. Operating costs dropped from $5.14 per barrel in the first half of 2025 to $4.66 in Q4. The company now guides for $4.50 per barrel in 2026.

Management has raised its aggregate cost-reduction target to $1.50 per barrel by 2031, up from the original $1.00 target, and says roughly $0.70 of that has already been achieved.

By 2031, Tourmaline expects up to $500 million per year in structural cost savings relative to its first-half 2025 cost base. That number is independent of commodity prices and flows straight to the bottom line regardless of where gas trades.

In February 2026, Tourmaline sold its Peace River High asset, its most mature and highest-cost production asset, to a Canadian senior producer for $765 million. It is using $500 million of that to permanently reduce long-term debt and the remaining $265 million to fund infrastructure expansion.

Net debt dropped from $2.3 billion in Q3 of 2025 to $1.5 billion by year-end, allowing the Canadian energy stock to reduce leverage to 0.5 times free cash flow.

The TSX dividend stock is down largely because spot gas prices have been unusually weak this winter. California had almost no cold weather, and excess hydro power from dam maintenance flooded the local power market, cutting gas demand.

As CEO Mike Rose noted on the Q4 earnings call, for every $0.10 per thousand cubic feet that prices improve, annual cash flow rises by $45 million. And separately, every $1 move in international LNG benchmarks adds $50 million to 2026 cash flow and $70 million to 2027.

The company has also entered a long-term natural gas storage agreement that provides it with six billion cubic feet of storage capacity starting in April 2026, rising to ten billion cubic feet by mid-2027. That flexibility allows Tourmaline to time injections and withdrawals to maximize price realizations across seasons.

A focus on dividend growth

Tourmaline pays a quarterly base dividend of $0.50 per share. If we include special dividends, the company paid $3.30 per share over the past 12 months, which translates to an almost 5.5% yield.

Management has been direct: special dividends will return when free cash flow warrants it. Given the company’s cost trajectory, its growing LNG exposure to premium global markets, and a balance sheet near its long-term net debt target of $1.75 billion, the setup for shareholder returns over the next two to three years is attractive.

The oil stock is down due to short-term weakness in gas prices. The business is structurally improving, and the gap between price and value is what long-term investors look for.

The post 1 Canadian Dividend Stock Down 28% That Looks Worth Buying and Holding 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 recommends Tourmaline Oil. The Motley Fool has a disclosure policy.

Canadian stocks trended higher for the third consecutive session on Tuesday as hopes of renewed U.S.-Iran negotiations and significantly cooler-than-expected U.S. wholesale inflation data boosted investor confidence. The S&P/TSX Composite Index rallied by 223 points, or 0.7%, for the day to settle at 34,102 — reaching its highest closing level in six weeks.

The latest U.S. producer price index (PPI) led to improved investor sentiment despite a headline increase in overall producer prices. The latest report showed that PPI rose 0.5% in March, but the core measure — which excludes food, energy, and trade services — advanced at a more moderate pace of 0.2%, suggesting underlying inflation pressures are easing.

As a result, interest rate-sensitive TSX sectors, such as technology, financials, and consumer cyclicals, saw renewed buying despite weakness in consumer staples and utility stocks.

Top TSX Composite movers and active stocks

Bombardier (TSX:BBD.B) stock surged by over 8% to around $278 per share, making it one of the top-performing TSX stocks for the day. The rally came after BOND, a high-end fractional private aviation club, announced it is expanding its commitment to Bombardier aircraft and services to as much as US$5 billion.

The agreement includes new firm orders and upgrades to 24 aircraft options to Bombardier’s flagship Global 8000 jets, along with accelerated delivery timelines for 2027. The move highlighted strong demand in the ultra-premium private jet segment, where supply continues to lag rising interest from wealthy customers. Bombardier stock climbed, extending its year-to-date gains to more than 19%, as investors reacted positively to the large-scale order and improving demand visibility for its high-margin business jet portfolio.

Strengthening gold and silver prices also drove mining stocks like Aya Gold & Silver, AbraSilver Resource, and Discovery Silver up by at least 7.2% each, making them among the day’s top gainers on the Toronto Stock Exchange.

In contrast, Ero Copper, Strathcona Resources, and Methanex were the session’s worst-performing TSX stocks, as they plunged by at least 4.6% each.

According to the exchange’s daily trade volume data, Canadian Natural Resources, TD Bank, Ivanhoe Mines, Cenovus Energy, and Telus stood out as the most active stocks.

TSX today

Crude oil prices plunged to their lowest level in weeks in early morning trading on Wednesday amid easing concerns about further supply disruptions and renewed optimism around potential diplomatic progress. Reports indicated that U.S.-Iran talks could resume as early as Thursday, with U.S. president Donald Trump suggesting the conflict is “very close” to ending, which helped calm energy markets after recent volatility.

For Canadian investors, this could weigh on TSX-listed energy stocks at the open today, while firm metals could offer some relief.

While no major economic releases are due, investors will remain highly reactive to geopolitical headlines, as any confirmation of resumed negotiations or a breakthrough deal could further stabilize commodities and support broader market gains.

Market movers on the TSX today

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The post TSX Today: What to Watch for in Stocks on Wednesday, April 15 appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has positions in Canadian Natural Resources and Toronto-Dominion Bank. The Motley Fool recommends Canadian Natural Resources, Methanex, and TELUS. The Motley Fool has a disclosure policy.

Investing in dividend stocks could generate steady income. Moreover, among these Canadian stocks, some offer relatively high dividend yields and monthly cash payments. For investors who rely on regular income, these stocks can feel similar to receiving a paycheque. The steady cash flow can help cover living expenses or be reinvested.

That said, dividend stocks should not be judged by yield or payment frequency. Dividends are never guaranteed, and a very high yield can sometimes be a warning sign. In many cases, unusually high yields occur because the company’s share price has fallen. A declining share price may reflect operational challenges, weakening financial performance, or a dividend payout that the company may struggle to maintain.

For this reason, investors should look for companies with dependable dividend payouts, supported by strong fundamentals. Businesses that can deliver profitable growth, maintain healthy cash flow, and maintain or increase dividends are better positioned to sustain payouts over time.

Against this background, here is a monthly paying stock with a 6.6% dividend yield worth considering.

A reliable monthly-paying stock with 6.6% dividend yield

SmartCentres REIT (TSX:SRU.UN) is a dependable option for investors seeking consistent monthly income. The real estate investment trust pays $0.154 per share each month, yielding approximately 6.6% annually. This relatively high yield and steady distribution history make the REIT an attractive dividend stock.

SmartCentres’s monthly distributions are well-protected. Its high-quality real estate portfolio continues to generate solid net operating income (NOI), supporting its payouts. Many of its properties are situated in prime retail locations, which helps sustain strong leasing demand and maintain high lease renewal rates. These factors support stable rental revenue growth over time and contribute to the REIT’s consistent and resilient cash flows.

SmartCentres’s recent performance

SmartCentres ended 2025 on a solid note, driven by strong tenant demand across its portfolio and high occupancy. The REIT ended the year with an occupancy rate of 98.6%, reflecting the continued appeal of its properties. Its same-property NOI increased 3.7% year over year, driven by leasing and renewal activity in its retail assets, along with stabilization in occupancy levels in its self-storage and apartment rental segments.

The company witnesses strong leasing activity throughout the year. In the fourth quarter alone, approximately 35,500 square feet of previously vacant space was leased, bringing total leasing for 2025 to roughly 430,000 square feet. Demand for its newly developed retail space also remained strong. Lease renewals generated rent growth of 8.4%, excluding anchor tenants, while the REIT collected more than 99% of its rental revenue. This high collection rate shows the stability of SmartCentres’s tenant base and the reliability of its cash flow.

Strong customer traffic across the REIT’s retail centers has further supported tenant performance and encouraged SmartCentres to diversify its property mix. Its premium outlet locations continue to attract significant visitor volumes, helping drive tenant sales and improve the value of its retail portfolio.

Looking ahead, SmartCentres is expanding beyond retail through a growing pipeline of mixed-use developments. This strategy is intended to diversify revenue sources while leveraging the REIT’s substantial land holdings and strong balance sheet to support long-term growth.

Earn $154 in monthly passive income with SmartCentres REIT

SmartCentres REIT is a reliable income-generating investment known for its consistent monthly dividend payments and attractive yield. At the current market price, buying 1,000 shares of SmartCentres REIT can generate approximately $154 in monthly dividend income. On an annual basis, this equates to more than $1,848 in dividend earnings.

The post A Monthly-Paying TSX Stock With a 6.6% Dividend Yield 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 SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy. 

Valued at a market cap of $1.8 billion, Spin Master (TSX:TOY) stock is down almost 70% from its all-time high. However, the ongoing pullback has increased the forward yield to over 2.5% as of April 2026.

Spin Master has trailed the broader markets in recent years due to the tariff war, retail inventory cuts, and headwinds in the Melissa & Doug business segment. Alternatively, the TSX dividend stock could gain momentum on the back of a growing digital games portfolio and an upcoming PAW Patrol movie.

Tariffs rattled U.S. consumer confidence in 2025. Retailers, nervous about demand, started cutting back on orders and drawing down their inventory stockpiles instead of replenishing them. That hurt Spin Master’s toy sales even though consumer point-of-sale data, actual purchases by real shoppers, grew year over year.

In other words, people were still buying Spin Master products. The retailers just weren’t restocking as aggressively, creating a mismatch between what was selling and what Spin Master was shipping.

CFO Jonathan Roiter addressed this directly on the company’s Q4 earnings call. He noted that toy gross product sales declined 8% in 2025, driven almost entirely by an estimated 12% reduction in retailer inventory levels.

Critically, he added that the company does not expect significant further reductions, which means the drag that hurt 2025 results is unlikely to repeat.

Melissa & Doug, the wooden toy brand that Spin Master acquired, took the sharpest hit. Almost all of its sales were in the U.S., and nearly all of its manufacturing was in China, a tough combination in a tariff environment.

The company took a non-cash goodwill impairment charge as a result. That’s a painful write-down, but it’s also a one-time accounting adjustment, not a sign of a broken business.

The bull case for the TSX dividend stock

Despite ongoing headwinds, Spin Master generated $308 million in operating cash flow in 2025. It returned $80 million to shareholders through dividends and share buybacks, reducing its share count by approximately 7% over the past three years.

• Revenue in the digital games business rose 20% year over year. This growth was tied to stronger engagement on Toca Boca World and growing subscription momentum in Piknik.
• Adjusted operating income in Digital Games rose 24% in Q4. This is a high-margin, fast-growing part of the business that the market tends to overlook when it’s fixated on tariff headlines.

CEO Christina Miller outlined three core priorities on the earnings call: capturing the PAW Patrol movie moment, fully realizing Toca Boca’s potential, and returning Melissa & Doug to growth.

The PAW Patrol film releases globally in August. The company will recognize approximately $20 million in distribution revenue in the third quarter, per Roiter, with additional upside if the movie outperforms at the box office.

Retailer feedback from New York Toy Fair was described as “very positive,” and Spin Master’s movie-related toy lineup for PAW Patrol is already generating excitement.

Melissa & Doug is expanding internationally, gaining shelf space, introducing new product lines, including infant products, and targeting new retail doors in both the U.S. and Europe.

The dividend is poised to grow

Spin Master pays shareholders an annual dividend of $0.48 per share, which translates to a yield of 2.6%. Analysts forecast the small-cap TSX stock to expand its free cash flow (FCF) from $109.6 million in 2026 to $211 million in 2030.

Comparatively, an annual dividend expense of roughly $49 million indicates a payout ratio of 45%, which is not too high. A widening FCF base could translate to a higher dividend payout, enhancing the yield at cost for early investors.

Spin Master is a buy-and-hold story, not a get-rich-quick trade. The stock may stay choppy as tariff headlines continue. But for investors with a long-term view, buying a company with iconic children’s brands, a growing digital platform, and strong cash generation, at a 68% discount is the kind of opportunity that tends to look obvious in hindsight.

The post 1 Ideal TSX Dividend Stock, Down 68%, to Buy and Hold for a Lifetime 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Oil and gas stocks saw some correction in April after the U.S.-Israel–Iran war sent them to a new all-time high in March. Canada’s two largest natural gas producers — Canadian Natural Resources (TSX:CNQ) and Tourmaline Oil (TSX:TOU) — saw their stock prices fall 8.9% and 12.8%, respectively, from their all-time highs of March 20, 2026. The dip came when the U.S. and Iran announced a two-week ceasefire on April 8, looking to reach negotiations. West Texas Intermediate crossed US$110 and then fell below US$100. Is this dip similar to the June 2022 dip after the Russia-Ukraine war? It is difficult to tell.

The repeat of the 2022 energy shock

When Russia waged a war on Ukraine in February 2022, oil prices touched US$125 in four months and then witnessed a sharp correction of 20-25% in a month. An 8.9% dip does not signal a sharp correction but rather profit booking by investors. The stock could rise further if the Iran situation escalates. At present, no other country is participating in the war, and America is losing patience with the cost of the war.

If the war ends sooner than expected, oil and gas prices could stabilize immediately, and if the war continues, they may stabilize in a year. Take the case of the Russia-Ukraine war, the oil price fell drastically from over US$100 in June 2022 to US$91 in August, to US$76 in December 2022, to US$68 in May 2023. During this one year, the largest oil consumers secured an alternate oil supply to ease the energy shock. Russia’s oil export shifted from Europe to Southeast Asia and from the U.S. dollar to other currencies. Europe started buying oil from the U.S. and Canada.

This history could repeat itself with the war in Iran, as sanctions on Iran no longer apply, and oil consumers will find alternative sources. Another shift in the supply chain could revise the oil prices. Canada could emerge as the alternative supplier.

Canadian stock to benefit from supply chain shift

Canada is seizing this opportunity and diversifying its export markets. It started operations of its first liquified natural gas (LNG) export facility, LNG Canada, in June 2025. It is building Phase 2 of LNG Canada and two more facilities, Woodfire LNG and Cedar LNG. By the end of the decade, Canada could export more LNG.

Canadian Natural Resources and Tourmaline Oil will be the key beneficiaries of this export opportunity, as they have the largest natural gas reserves and a cost advantage. Every dip is a buying opportunity for these stocks as a new market will open up for Canadian natural gas producers.

Until now, they exported largely to the United States, which itself has rich oil and gas reserves and could not get a better price for LNG. Now, when they diversify their markets, their production capacity could increase, which means the share price may not see steep corrections.

The next three to four years could see volatility and a share price rally. CNQ will use these cyclical gains to reduce its debt from $16 billion to $13 billion to ensure its financing cost does not increase its breakeven price. Tourmaline also plans to reduce its net debt to zero over the next two years by diverting surplus cash flows to debt repayment.

Canadian Natural Resources is a stock worth holding for decades

Between Tourmaline and Canadian Natural Resources, the latter is a stock to buy and hold for decades for its strong dividend growth. Canadian Natural Resources has been paying and growing dividends for 25 years in a row. Although the dividend growth rate has slowed from double-digit to single-digit in the last two years, it is a stock worth buying. You could consider investing $2,000 on every 8-10% dip and lock in a 3.8-4% yield.

The post This Canadian Dividend Stock Is Down 8.9% — and Worth Holding for Decades 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 and Tourmaline Oil. The Motley Fool has a disclosure policy.