One of the most effective ways to cut through market noise and avoid being swayed by short-term fluctuations is to focus on companies with lasting strength. While markets naturally move through cycles, fundamentally solid stocks can provide stability and consistent returns, thanks to their strong cash flow and long-term growth potential.
In this article, I’ll spotlight two standout Canadian stocks that I believe are ideal long-term holds—worthy of a place in your portfolio regardless of where the market goes next.
Also Read: Best long term Canadian stocks
Brookfield Asset Management (TSX:BAM)
Brookfield Asset Management is a stock built for long-term investors who want exposure to a resilient, globally diversified business. With over US$1 trillion in assets under management, Brookfield focuses on real assets—including infrastructure, renewable energy, real estate, and private credit—that tend to perform well across market cycles.
After gaining more than 45% over the past year, BAM shares now trade at $77.33, with a market cap of roughly $126.5 billion. The stock also offers a quarterly dividend, yielding 3.1% annually.
In Q1 2025, the company raised US$25 billion, bringing its 12-month fundraising total to over US$140 billion. This momentum drove a 26% year-over-year increase in fee-related earnings to US$698 million and a 20% rise in distributable earnings to US$654 million—highlighting Brookfield’s efficiency and global reach.
Brookfield deployed US$16 billion last quarter in key areas such as AI infrastructure, renewables, and logistics. Notably, it announced a US$10 billion investment in Sweden to support the development of AI-related infrastructure—underscoring its commitment to high-growth, forward-looking sectors. With dependable cash flow and a strategic focus on global megatrends, BAM remains a compelling long-term investment.
Also Read: Long term investing in Canada
Toronto-Dominion Bank (TSX:TD)
Next up is TD Bank, one of North America’s largest and most reliable financial institutions. TD serves millions through its Canadian and U.S. banking operations, as well as its expanding wealth management and insurance businesses.
TD shares have risen more than 32% over the past year and currently trade at $100.98, with a market capitalization of about $173.3 billion. Investors are also rewarded with a healthy dividend, yielding 4.2% annually.
For the quarter ending April 2025, TD reported adjusted earnings of $3.6 billion—a 4% decline from the previous year—mainly due to higher credit loss provisions and continued investment in U.S. anti-money laundering compliance. On the positive side, Canadian personal and commercial banking revenues grew 3% year over year, driven by strong loan and deposit growth.
Despite headwinds in its U.S. segment from restructuring expenses, TD’s Canadian core operations and its wealth and insurance arms remain solid. Backed by a strong balance sheet and consistent performance in key areas, TD is well-positioned to navigate challenges and deliver steady value to long-term shareholders.
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