Yesterday, Statistics Canada reported that Canada’s Client Value Index rose 2.3% yr over yr in January, barely under analysts’ expectations of two.4% and down 0.1% from the earlier month. Regardless of moderating inflationary pressures, the S&P/TSX Composite Index declined 0.54% on Tuesday, weighed down by softer commodity costs. In the meantime, persistent geopolitical tensions and uncertainty surrounding AI-driven disruptions proceed to cloud the outlook.
In opposition to this backdrop, let’s have a look at three Canadian shares which will provide higher resilience on this risky outlook.
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Dollarama
Dollarama (TSX:DOL) is a compelling all-weather inventory. The Montreal-based retailer delivers value-focused merchandise via its robust direct sourcing mannequin and environment friendly logistics community, permitting it to generate stable same-store gross sales progress no matter broader financial situations. The corporate can also be steadily increasing its footprint and plans to extend its Canadian retailer rely from 1,684 on the finish of the third quarter of fiscal 2026 to 2,200 by fiscal 2034. As well as, administration goals to broaden its Australian retailer community from 401 to 700 places over the identical interval. Given its capital-efficient enterprise mannequin, these enlargement initiatives may meaningfully help each income and earnings progress.
Dollarama additionally holds a 60.1% stake in Dollarcity, which operates 684 shops throughout 5 Latin American nations. Dollarcity continues to broaden and goals to extend its retailer rely to 1,050 by fiscal 2031. Moreover, Dollarama has the choice to lift its possession stake to 70% by the top of subsequent yr. With a number of progress drivers and a resilient core enterprise, Dollarama seems well-positioned to navigate the present unsure atmosphere and might be a powerful addition to a diversified portfolio.
Fortis
One other inventory that appears engaging on this unsure atmosphere is Fortis (TSX:FTS). The corporate operates 9 regulated utility companiesserving roughly 3.5 million prospects throughout america, Canada, and the Caribbean. With the overwhelming majority of its belongings regulated and about 95% centered on low-risk transmission and distribution operations, Fortis generates secure earnings and predictable money flows which are comparatively insulated from financial volatility.
Supported by this resilient enterprise mannequin, Fortis has delivered a mean whole shareholder return of 10.3% over the previous 20 years, outperforming broader fairness markets. The utility has additionally elevated its dividend for 52 consecutive years and presently affords a pretty yield of round 3.3%.
Trying forward, Fortis plans to speculate roughly $28.8 billion over the subsequent 5 years, which may develop its price base at a 7% compound annual progress price (CAGR) to $57.8 billion by 2030. The corporate can also be advancing cost-efficiency initiatives to help earnings progress additional. Backed by stable enlargement prospects, administration expects to lift dividends by 4–6% yearly via 2030, reinforcing Fortis’s enchantment as a reliable, all-weather funding.
Hydro One
My ultimate choose is Hydro One (TSX:H), a pure-play electrical transmission and distribution utility with minimal publicity to commodity worth fluctuations. Roughly 99% of its operations are rate-regulated, making its earnings much less delicate to market volatility and supporting secure, predictable monetary efficiency. Since 2017, the corporate has expanded its price base at a 5.1% CAGR, reinforcing earnings progress and contributing to regular share worth appreciation. Over the previous 5 years, Hydro One has delivered a complete return of about 134%, reflecting an annualized acquire of 18.6%.
In the meantime, electrical energy demand continues to extend, pushed by financial enlargement, transportation electrification, and the speedy improvement of AI-ready knowledge centres. Supported by this increasing addressable market, Hydro One is advancing its $11.8 billion three-year capital funding plan, which may develop its price base at a 6% annualized tempo to $32.1 billion by 2027. Backed by these progress initiatives, administration initiatives adjusted earnings per share to rise at a 6–8% annualized price via 2027, alongside dividend progress of roughly 6% per yr.