Building long-term wealth often involves a balanced portfolio where growth stocks and dividend stocks play complementary roles. Growth stocks offer above-average expansion potential, while dividend stocks provide steady cash flow and defensive qualities. As we look ahead to 2026, we highlight three top-quality Canadian growth stocks and three reliable dividend payers that merit investor attention.
Investing in Canadian growth stocks is one of the most compelling ways to build wealth over time. These companies can consistently expand revenues, boost earnings, and compound shareholder value at a rate that outpaces the broader market. However, not all growth stocks are created equal. Focusing on high-quality businesses with durable models, strong balance sheets, and clear competitive advantages is essential.
As one of Canada’s most consistent growth stories, Dollarama’s expansion is driven by impressive same-store sales growth and a steadily expanding store network. The company benefits from scale, pricing power, and an efficient supply chain, which help protect margins even during uncertain economic times. Analysts project approximately 12% growth in both revenue and normalized earnings per share (EPS) for 2026.
This premium apparel retailer boasts a strong brand, a loyal customer base, and a growing international footprint. With continued new store openings and e-commerce platform growth, the company has significant long-term potential. For its fiscal 2026 ending next month, revenue is expected to grow by 33%, with normalized EPS soaring 57%. Analysts further forecast an additional 16% revenue growth and 28% EPS growth over the next twelve months, making it one of the highest-momentum growth stocks on the TSX today.
This specialty finance company operates in the alternative lending space. It has a proven track record of consistently growing revenue and profitability. Analysts estimate another 12% revenue growth and a 25% jump in normalized EPS for 2026. Beyond its growth profile, goeasy trades at a deep-value forward P/E ratio of just 6.9x and offers an attractive dividend yield of approximately 4.4%.
Dividend stocks are compelling investments because they provide regular cash payments—usable as income or for reinvestment—while also offering the potential for capital appreciation over time. By focusing on TSX-listed companies with lengthy payment histories, stable earnings, and well-covered payout ratios, investors can build a reliable and sustainable income stream.
Fortis operates a highly defensive business centered on rate-regulated utility assets, which generate predictable revenue and cash flow. This stability has enabled the company to increase its dividend for 52 consecutive years. With a planned $28.8 billion capital investment program over the next five years aimed at growing its regulated asset base, management targets annual dividend growth of 4% to 6%. The company is also poised to benefit from rising electricity demand from sectors like manufacturing and data centers.
As a leading energy infrastructure company, Enbridge generates highly predictable cash flows through its vast pipeline network and long-term contracts. Many contracts are inflation-linked, adding stability. The company has raised its dividend for 31 consecutive years. Looking ahead, strength in its liquids pipelines business, momentum in gas distribution and storage, an expanding renewable portfolio, and exposure to rising AI-driven energy demand position it well for continued earnings and dividend growth.
Toronto-Dominion Bank has paid dividends for an remarkable 169 consecutive years, with the payout growing at approximately an 8% annual rate since 2016. A diversified revenue base, consistent loan and deposit growth, a robust balance sheet, and a focus on operational efficiency help protect profitability across economic cycles. The bank’s payout ratio is typically maintained in the 40-50% range, providing a safety margin while allowing room for reinvestment, supporting its ability to sustain and gradually increase dividends.
