As Canada moves deeper into a phase of large-scale infrastructure investment — from transportation to energy and utilities — certain TSX-listed companies are well-positioned to benefit from increased public and private sector spending. These firms own key assets or provide essential services that support the country’s nation-building efforts, and their business models could see marked growth if infrastructure projects accelerate in the months ahead.

1) Canadian National Railway (TSX: CNR)
Canadian National stands out as one of the most critical pieces of Canada’s infrastructure backbone. Its expansive rail network connects ports, industrial hubs and population centers across Canada and into the United States, making it essential for moving goods efficiently. With nation-building dollars likely earmarked for logistics and supply-chain enhancements, CN could see higher freight volumes and improved pricing power. Its long history of operational discipline and steady earnings growth also makes it attractive for investors who want exposure to structural economic trends rather than short-term market swings.

2) Enbridge Inc. (TSX: ENB)
Energy infrastructure is a cornerstone of national development, and Enbridge plays a big role in delivering the energy Canada produces to both domestic and export markets. As pipeline capacity expansions and energy corridor projects receive more attention — both to meet environmental standards and to boost competitiveness — Enbridge’s vast network of pipelines and regulated assets can benefit from stable, fee-based cash flows. Its business doesn’t rely solely on commodity prices; instead, it earns consistent toll-like revenue for moving energy supplies. That positions it not just as a beneficiary of increased capital spending, but also as a defensive income candidate with cash flows that support dividend distributions.

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3) Fortis Inc. (TSX: FTS)
Utilities are another sector intertwined with nation building. Fortis operates regulated electricity and gas utilities across several jurisdictions, and its long-term investment plans often include modernizing grids, expanding renewable integration and improving reliability. Since utilities can recover costs through regulatory rate bases, billions in infrastructure spending can directly translate to higher rate bases and, ultimately, earnings growth. For investors looking for both yield and exposure to Canada’s essential services, Fortis offers a combination of predictable dividend income and steady growth.

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These three companies — Canadian National, Enbridge and Fortis — illustrate how investors can align their portfolios with broader economic themes rather than isolated stock picks. They operate in industries fundamental to nation building: transportation, energy transport and essential services. Their revenues and cash flows are tied not just to cyclical demand, but to strategic infrastructure markets that receive government attention and capital investment. For long-term holders with a multi-year horizon, these firms may deliver both growth and stability as Canada’s infrastructure agenda unfolds in 2026 and beyond.