Written by Amy Legate-Wolfe at The Motley Fool Canada
There are certain stocks that just do well no matter what is going on. These Canadian stocks don’t have investors up at night worrying about performance. They don’t have sudden climbs and then drops. Instead, these Canadian stocks are completely stable.
Because of that, this can create stellar riches for long-term holders. Which is why I’m going to get into them today. So let’s look at three Canadian stocks every single investor should consider adding to their portfolio.
Fairfax Financial Holdings
Fairfax Financial Holdings (TSX:FFH) has proven to weather any type of storm. The only drop Fairfax stock has undergone that’s led to a significant plunge was during the pandemic. Besides that, the stock has been on a fairly stable upward trajectory since the turn of the century.
Fairfax deals with property and casualty insurance, as well as investing in assets and providing investment services. The company owns, operates, or manages a number of companies as well, from golf equipment to hospitality real estate.
This diverse set of investment opportunities has led to stable income from a diverse set of sources. Shares of Fairfax stock are now up 37% in the last year as of writing, and up 125% in the last decade. FFH offers a 1.41% dividend yield on top of that. Overall, it’s simply well worth the high share price.
Services and consulting seem to be consistent income streams for companies, which is why Fairfax stock is up there. But among Canadian stocks another solid choice is WSP Global (TSX:WSP). WSP stock provides professional consulting services across North America and internationally. Furthermore, it is in the very stable area of infrastructure these days, helping with rail, aviation, telecommunication, and other projects.
It’s not only the private sector that’s invested in WSP stock, but governments as well. WSP has a solid footing as a company that’s been around since 1885, so there is very little room for another company to edge in on its history.
Shares of WSP stock are now up 28% in the last year, and 613% in the last decade. And again, that’s been a stable rise during that time with only the pandemic providing some kind of major dip. So I would certainly consider this a strong choice among Canadian stocks.
Vanguard FTSE Canada ETF
Finally, there are a lot of choices when it comes to Canadian stocks. So if you want an overall good performer covering top stocks, I would consider the Vanguard FTSE Canada Index ETF (TSX:VCE). This exchange-traded fund (ETF) aims to replicate the performance of the “broad Canadian equity index.” Specifically, it looks to cover those on the Financial Times Stock Exchange (FTSE).
Primarily, the stock looks at the largest of Canadian stocks out there. Think Canadian banks, telecommunications, and other large TSX companies. Its largest investment is in financial services, with a broad spectrum among energy, industrials, technology, and more.
The ETF offers a dividend yield currently at 3.15%, while shares have been relatively flat in the last year. However, shares are still up 66% in the last decade. So certainly consider this among your Canadian stocks when seeking out a long-term, stable performer.
Before you consider Fairfax Financial, you'll want to hear this.
Our market-beating analyst team just revealed what they believe are the 5 best stocks for investors to buy in April 2023... and Fairfax Financial wasn't on the list.
The online investing service they've run for nearly a decade, Motley Fool Stock Advisor Canada, is beating the TSX by 21 percentage points. And right now, they think there are 5 stocks that are better buys.
See the 5 Stocks * Returns as of 4/18/23
Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fairfax Financial. The Motley Fool recommends WSP Global. The Motley Fool has a disclosure policy.