Best Blue Chip Stocks this March 2026 in Canada

Enbridge stands out as an energy infrastructure company, offering a solid dividend yield of 5.41% and strong pipeline assets that underpin reliable cash flows. With a remarkable one-year return of 20.09% and a five-year return of 67.12%, this stock is gaining traction among analysts, receiving consistent 'Outperform' ratings from RBC Capital and a 'Buy' from Argus Research. Investors can feel confident in Enbridge's financial health, especially with guidance for EBITDA between $20.2 billion and $20.8 billion for 2026.

ENB is currently trading near the top of its 52-week range and has risen 1.39% since the last market close.

Enbridge expects EBITDA between $20.2 billion and $20.8 billion in 2026, with a DCF per share of $5.70 to $6.10 and a payout ratio of approximately 66% based on an annual dividend of $3.88.

Warren Buffett has not added Enbridge to Berkshire's portfolio, but NEAM holds a small stake of 434 shares in the company.

Canadian Apartment Properties REIT is an appealing choice for investors seeking inflation-resistant income through real estate. With a solid dividend yield of 3.01%, this REIT offers the potential for steady cash flow, although investors should be mindful of the risks associated with interest rate fluctuations that can affect share prices and borrowing costs. Overall, it serves as a valuable addition to a diversified investment portfolio.

Apartment REITs can provide diversification and steady income, but they are sensitive to interest rate changes and market volatility, which can affect their performance.

Two of the best Canadian stocks to consider for long-term holding in your TFSA are goeasy (TSX:GSY) and Alimentation Couche-Tard (TSX:ATD) due to their strong growth potential.

Canadian National Railway stands out as a robust investment choice, boasting 29 consecutive years of dividend increases and a solid dividend yield of 2.35%. With a strategic North American rail network, CNR offers durable competitive advantages, although its revenue growth is projected to slow slightly compared to broader market trends. Analyst ratings remain favorable, with Citigroup maintaining a "Buy" recommendation, while the company is expected to enhance profitability in the coming years.

CNR is expected to become profitable within the next three years, but its revenue growth forecast of 3.9% per year is slower than the US market average of 10.3%.

CNR has maintained its fiscal 2026 revenue growth guidance of 1%-2%, but projections indicate a potential revenue decline of 0.8%-1.6% in the first half of fiscal 2026, with a sharper drop of 3%-4.5% expected in Q2.

Toronto-Dominion Bank stands out as an attractive option for investors seeking financial stability and consistent returns, highlighted by its 3.22% dividend yield and an impressive 54.61% return over the past year. With an 11-year streak of dividend increases, TD Bank is a solid choice for those focused on dividend-growth stocks from financially healthy companies. Analysts have recognized its potential, with RBC Capital recently upgrading its rating to Outperform, indicating strong future prospects.

Two of the best Canadian stocks to buy and hold forever in your TFSA are goeasy (TSX:GSY) and Alimentation Couche-Tard (TSX:ATD) due to their significant long-term growth potential.

The Bank of Nova Scotia (TSX:BNS) is known for its reliable dividends, with a long history of consistent payouts dating back to 1833.

Royal Bank of Canada stands out as Canada’s largest bank, boasting a diversified revenue model, disciplined cost management, and strong asset quality, which together support its reliable dividend payments. With a dividend yield of 2.70% and impressive 1-year and 5-year returns of 33.74% and 106.61%, respectively, it’s an appealing option for investors seeking stability and growth. Additionally, the bank maintains a solid payout ratio of 43%, indicating strong earnings growth potential for the upcoming fiscal year.

RY has a Strong Buy consensus rating from analysts as of March 2, 2026.

The 7% rule suggests selling a stock if its price drops 7% or more below your purchase price.

With a payout ratio of 43% and an expected earnings growth rate of 8.45% for 2026, RY shows strong long-term investment potential.

Royal Bank of Canada is a strong dividend stock, known for its market position, diversified revenue, and history of consistent dividend payments.

Dream Industrial REIT focuses on modern logistics and distribution properties, boasting a portfolio of 342 assets across Canada, the U.S., and Europe. With a dividend yield of around 5.3%, it presents an appealing option for investors seeking reliable income in the industrial sector. Warren Buffett appreciates REITs for their liquidity and professional management, making this an intriguing investment choice.

Warren Buffett favors REITs over direct property ownership for their liquidity, professional management, and regulatory transparency.

FRT has a consensus rating of Hold from 13 analysts, with 8% recommending Strong Buy, 38% Buy, and 54% Hold.

The current stock price of Dream Industrial REIT is $12.81.

Fortis stands out as a strong contender for investors focused on reliable income, boasting a solid 3.23% dividend yield and a remarkable track record of 52 consecutive years of dividend increases. The company has demonstrated robust performance, with a 1-year return of 22.47% and a 5-year return of 57.67%, backed by a $28.8 billion capital plan that aims for 7% annual rate base growth. Analysts maintain a cautious but optimistic view with ratings such as Sector Perform from RBC Capital and Neutral from Credit Suisse, indicating stability in Fortis' growth trajectory.

FTS has shown strong momentum with a 1-year total shareholder return of 29.18% and a 5-year return of 90.71%, supported by recent earnings updates and dividend declarations.

FTS shares have decreased by $0.56, or 0.98%, since the last market close, opening at $56.96.

Fortis has shown strong performance in the healthcare sector, benefiting from ongoing growth momentum.