We’re solely two months in and 2026 has already been an attention-grabbing yr for Canadian shares. We now have seen a “Software program-as-a-Service apocalypse,” service apocalypse, expansionist threats, tariffs, tariffs made illegal, after which extra tariffs.
Frankly, the world is turning into a little bit unpredictable, and the inventory market feels fairly the identical. If you’re on the lookout for some protected bets that would nonetheless have some upside in 2026, listed below are two Canadian shares that would surge ahead.
Laborious belongings that assist gasoline the financial system seem to be a very good place to speculate proper now. As soon as these belongings are in place, they will final many years, and so they aren’t more likely to be disrupted by any pc algorithm.
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Pembina Pipeline: A Canadian infrastructure inventory gaining some steam
Pembina Pipeline (TSX:PPL) inventory is on the cross roads of the vitality provide chain in Canada. This Canadian firm collects and strikes oil and gasoline to processing vegetation after which on to finish markets. These are essential belongings to prospects. In lots of situations Pembina is the one manner producers get their oil and gasoline to market.
With a lot geopolitical disruption, oil costs have been climbing (it’s up 15% this yr). Likewise, pure gasoline costs ought to proceed to extend as extra LNG terminals comes on-line and the Canadian gasoline market tightens.
An increase in commodity costs is all the time good for Pembina. Round 15% of its earnings comes from its advertising enterprise. Even when that commodity thesis doesn’t play out, the remaining 85% of its earnings is contracted. Because it continues to carry new belongings onto the market, that contracted earnings will rise.
Pembina has considered one of only some LNG terminals in building in Canada. It’s set for completion in 2028. As soon as that comes on-line, it might see a pleasant surge in earnings.
Pembina’s inventory is up 15% this yr already. If commodities proceed to behave properly, there might nonetheless be extra upside for this undervalued Canadian infrastructure inventory.
Granite: Its current surge might proceed
Actual property has been a difficult inventory asset to carry for the previous few years. Luckily, issues appear to be beginning to flip.
Granite Actual Property Funding Belief (TSX:GRT.UN) has risen 30% previously yr. Nevertheless, this Canadian inventory might nonetheless take pleasure in upside in 2026. Granite has steadily been delivering round 7% compounded annual funds from operation per unit progress for the previous 5 years. But, its inventory is barely impartial over that point.
Granite’s portfolio has considerably improved in that interval. Proper now, it extends throughout Canada, america, and Europe. Occupancy is sitting at 98% and its weighted common lease time period is over 5 years.
Granite has been very prudently managed. It has among the finest stability sheets amongst trade friends. It may possibly persistently present good returns in most financial environments.
Granite pays a 4% yield. It has grown its distribution for 15 consecutive years, and it just lately elevated its dividend by a sooner tempo than earlier.
If you would like a mixture of high-quality belongings, a powerful working platform, and a pleasant stream of earnings, this inventory is an ideal wager. It may not be probably the most thrilling enterprise, but it surely isn’t more likely to get disrupted by AI.
Granite’s valuation stays beneath its personal market worth, so you continue to get a very good discount at as we speak’s value. With a current surge in inventory market and financial uncertainty, this may very well be a pleasant Canadian inventory to climate the storm with.