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As market volatility rises, strategic investment in Canadian stocks with strong growth potential could be key to enhancing your portfolio. If you have $7,000 to invest, here are three solid choices that promise both stability and impressive returns.
Best Canadian Stocks to Buy With $7,000 Right Now
The current economic climate has led to increased market volatility, with macroeconomic uncertainty and trade disputes making their mark. Despite these challenges, investing in resilient Canadian stocks with solid business models and long-term growth potential can offer both stability and profitable returns.
For those with $7,000 to invest — the contribution limit for a Tax-Free Savings Account (TFSA) in 2025 — here are three top Canadian stocks to consider for building a robust portfolio.
Hydro One (TSX:H)
Hydro One remains one of the most stable Canadian stocks to invest in. As a utility company engaged in electricity transmission and distribution, it isn’t impacted by fluctuating commodity prices, providing consistent cash flows even in times of market instability. The company has consistently raised its dividend for the last eight years, and its stock has appreciated over 136% in the past five years. With planned growth in its rate base, expected to increase by 6% annually, Hydro One’s strong earnings and regulated cash flows promise both capital gains and dividend growth.
Aritzia (TSX:ATZ)
Aritzia, a leading Canadian fashion retailer, has seen a remarkable 220% increase in its stock value over the last five years. Despite facing short-term challenges from trade restrictions and tariffs, Aritzia’s strong fundamentals make it a solid long-term investment. Its expansion into the U.S. market and focus on omnichannel growth positions the company for continued growth and rising sales. As the company plans to open new boutiques and optimize costs, its growth trajectory remains positive.
Waste Connections (TSX:WCN)
Waste Connections, specializing in non-hazardous waste collection and disposal, offers a solid growth opportunity with its focus on rural and secondary markets. The company’s strong free cash flow allows for expansion through acquisitions and consistent dividend payouts. Its strategic positioning in niche markets like energy production waste treatment and its early-mover advantage give it long-term growth potential. As the company continues to drive organic growth and capitalize on acquisitions, Waste Connections remains a compelling choice for TFSA investors.
These three Canadian stocks — Hydro One, Aritzia, and Waste Connections — are great options for investors looking to maximize their $7,000 investment in the current market environment. With strong earnings, growth potential, and solid dividend histories, they present great opportunities for building a stable, income-generating portfolio.
