The Only 2 Canadian Stocks I’d Hold Forever

If I had to lock away just two Canadian stocks for the next decade, these would be the ones.

| More on:
A person builds a rock tower on a beach.

Source: Getty Images

Key Points

  • When it comes to long-term growth potential and resilience, I’d stick with these two fundamentally solid Canadian stocks.
  • Aritzia (TSX:ATZ) is driving impressive gains through revenue growth, U.S. expansion, and strategic investments in retail and digital channels.
  • Brookfield (TSX:BN) excels in wealth creation with diverse investments and robust capital deployment, achieving consistent high returns.

My stock portfolio is mainly built around fundamentally strong businesses, which I believe can survive any storm and grow stronger over time. Instead of chasing every trend or headline, I prefer to focus on top stocks with real earnings power, a proven track record of delivering returns, and the kind of strategic planning that could pay off over decades, not just quarters.

There are only a handful of stocks I’d feel confident holding no matter what the market throws at us. Today, I want to share two of them. These businesses aren’t new to my watchlist, as they’re already part of my personal portfolio and have proven they deserve a permanent spot there.

In this article, I’ll reveal these two Canadian stocks I’d hold for life and explain what makes them so reliable.

Aritzia stock

Let me start with Aritzia (TSX:ATZ), a top Canadian design house and fashion retailer that has completely transformed how I view long-term retail investing. ATZ stock has delivered a stunning 123% gain over the last year and is currently trading at $96.19 per share with a market cap of about $11.1 billion. The recent run-up in Aritzia’s stock could be seen as a result of its real business growth in recent years.

In the second quarter (ended in August) of its fiscal 2026, the company delivered a 32% YoY (year-over-year) jump in revenue, crossing $812 million. This growth came across both its retail and online channels. Its sales from the U.S. soared 41% YoY, and strong demand for its fall collection helped push comparable sales up by 22%.

As a result, Aritzia’s adjusted net profit in the latest quarter rocketed by 185% to $69.8 million as its margins expanded across the board with the help of better pricing, lower warehousing costs, and smart markdown control.

Geographic expansion, a stronger digital presence, and brand awareness are the three main pillars for Aritzia’s growth strategy. In the past year alone, it opened 13 new boutiques and repositioned four, taking its boutique count to 134. The company is also investing in a new distribution center in British Columbia, which will improve its logistics and support future expansion.

In addition, its solid balance sheet, $352 million in cash, and consistently strong free cash flow give me enough reasons to hold this amazing stock in my portfolio for the long term.

Brookfield stock

The next stock on my forever list is Brookfield Corporation (TSX:BN), which is all about long-term wealth creation, backed by global scale and deep experience. As one of the world’s most respected investment firms, it has a presence in the asset management, real estate, infrastructure, and renewable power sectors.

BN stock is up 32% in the last year and currently trades at $65.43 per share with a massive market cap of $161.9 billion.

The strength in Brookfield’s second-quarter results showed why it’s a stock worth holding forever. For the quarter, its distributable earnings before realizations climbed 13% YoY to US$1.3 billion. The company now sits on a record US$177 billion in deployable capital, giving it room to move quickly when it sees attractive deals.

Across its segments, Brookfield keeps finding new growth paths — whether it’s US$28 billion in real estate financing deals this year, a fresh US$1.3 billion refinancing in New York, or expanding its pension solutions business in the U.K.

With its track record of delivering over 15% annualized returns over three decades, Brookfield is built for the long run. That’s why this Canadian stock also earns a permanent seat in my portfolio.

Fool contributor Jitendra Parashar has positions in Aritzia and Brookfield. The Motley Fool has positions in and recommends Aritzia and Brookfield. The Motley Fool recommends Brookfield Corporation. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

container trucks and cargo planes are part of global logistics system
Tech Stocks

This Artificial Intelligence (AI) Stock Could Be the Best Bargain in the Market Right Now

Kinaxis is a profitable, AI-powered supply-chain software leader trading below historical multiples, making it a rare bargain amid AI hype.

Read more »

Muscles Drawn On Black board
Dividend Stocks

Analysts Have Rated These Canadian Stocks a Strong Buy: Here’s What I Think

Analysts are calling two lesser-known Canadian stocks compelling "strong buy" opportunities now.

Read more »

delivery truck drives into sunset
Dividend Stocks

This Canadian Stock Plays a Huge Role in Global Trade Growth

TFI International has transformed from a regional trucking firm into a North American logistics powerhouse, trading at value levels while…

Read more »

a person prepares to fight by taping their knuckles
Stocks for Beginners

Can TD Stock Keep Beating the Market?

TD’s U.S. scale, conservative lending, and reliable dividend give it the kind of steady edge that could keep the stock…

Read more »

visualization of a digital brain
Tech Stocks

This Canadian Stock Could Be the Hidden Gem of the Decade

Topicus.com is quietly buying niche European software firms, building recurring revenue and cash flow that could compound into big gains…

Read more »

Woman checking her computer and holding coffee cup
Stocks for Beginners

2 Discounted Stocks to Buy That Everyone’s Overlooking

Two underrated TSX picks offer recurring revenue and deep-value growth that could reward long-term investors.

Read more »

Piggy bank on a flying rocket
Stocks for Beginners

Bank Stocks Aren’t Done Rallying: Here’s 1 With Big Dividends and Upside

CIBC could be one of the best bank bargains as earnings stabilize, rates ease, and dividend support meets upside potential.

Read more »

A woman stands on an apartment balcony in a city
Dividend Stocks

2 Canadian REITs That Could Double Your Passive Income

CT REIT and RioCan offer dependable monthly REIT income: Canadian Tire‑backed stability versus RioCan’s urban, mixed‑use growth.

Read more »