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TFSA: 4 Canadian Stocks to Buy and Hold Forever


Published on 2024-12-09 15:41:10 - The Motley Fool Canada
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  • These Canadian stocks are poised to deliver above-average returns and will likely create significant wealth for TFSA investors.

The article from Fool.ca, published on December 9, 2024, discusses four Canadian stocks recommended for inclusion in a Tax-Free Savings Account (TFSA) for long-term investment. These stocks are chosen for their stability, growth potential, and the benefits of tax-free growth within a TFSA. The stocks highlighted include:

    Royal Bank of Canada (RBC) - Known for its strong financial performance, RBC is Canada's largest bank by market capitalization, offering stability and consistent dividends.
    Canadian National Railway (CNR) - This company has a robust business model with a wide economic moat due to its extensive rail network, making it a solid choice for long-term investment.
    Alimentation Couche-Tard - A global leader in convenience stores and fuel retail, it has shown impressive growth through acquisitions and organic expansion, promising future growth.
    Brookfield Renewable Partners - Focused on renewable energy, this stock provides exposure to the growing sector of clean energy, with a diversified portfolio that supports long-term sustainability and income through dividends.
The article emphasizes the benefits of holding these stocks in a TFSA, where investment growth and dividends can compound tax-free, enhancing the overall return for investors looking to build wealth over decades.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/09/tfsa-4-canadian-stocks-to-buy-and-hold-forever-11/ ]