When the TSX dips, buyers can get suspicious of shares: Is there one thing actually unsuitable with the underlying companies, or are the shares simply dropping for macro causes? Good buyers know to not guess, however to purchase firms that may outlast the sell-off.
My filter is to search for shares with regular money circulation and robust steadiness sheets. When these bins get ticked, a decrease share value generally is a characteristic, not a flashing crimson gentle. Listed below are three TSX shares that match the invoice and why you may wish to purchase them now.
Supply: Getty Photographs
Northland Energy: Resetting and rebuilding
Northland Energy (TSX: NPI) is a renewable energy producer with offshore wind in Europe, different renewables, and a rising storage footprint. Final yr examined buyers with heavy building, noisy commissioning timelines, and a dividend minimize to $0.72 per share yearly, which signalled that the corporate needed extra flexibility whereas it finishes main initiatives like Baltic Energy in Poland and Hai Lengthy in Taiwan.
Regardless of all that, it delivered 2025 adjusted earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) of $1.25 billion and free money circulation of $1.46 per share. Web outcomes for the yr bought hit by a non-cash impairment tied to Nordsee One, which is the type of accounting punch that may scare off buyers. For 2026, it expects adjusted EBITDA of $1.45 billion to $1.65 billion.
The bull case for NPI is that mission supply and a cleaner money circulation story will rebuild buyers’ confidence within the inventory.
Brookfield: Recycling capital
Brookfield (TSX: BN) is a dip-buyer’s buddy as a result of it’s constructed to play offence when others freeze. It owns and controls a group of actual asset and monetary companies, and it additionally holds a significant stake in its asset administration engine. During the last yr, its story has leaned into scale and capital recycling.
The 2025 scoreboard stayed robust. It reported distributable earnings earlier than realizations of $5.4 billion for the yr, or $2.27 per share, and complete distributable earnings of $6 billion, or $2.54 per share. Brookfield additionally accomplished a document $91 billion of monetizations, deployed $126 billion of capital, and repurchased greater than $1 billion of shares. It raised its quarterly dividend by 17%, to $0.07 per share. The extra sensible query is whether or not it may continue to grow fee-bearing capital, hold recycling mature property, and hold shopping for again shares when the market palms it a reduction.
Colliers: Leaning into recurring income
Colliers Worldwide Group (TSX: CIGI) is an underappreciated “purchase the dip” identify because it has been shifting towards extra recurring, contractual income via engineering, outsourcing, and funding administration, whereas nonetheless protecting its significant industrial actual property providers platform. During the last yr, Colliers continued utilizing acquisitions to widen its attain and scale back reliance on essentially the most cyclical elements of actual property. Its leaders additionally stored speaking up productiveness features and working leverage, which might matter quite a bit when the market will get jumpy.
2025 income reached $5.56 billion and adjusted EBITDA got here in at $732.5 million, whereas adjusted EPS climbed to $6.58. Administration expects mid-teens progress in income, adjusted EBITDA, and adjusted EPS in 2026, helped by inner progress plus current offers, together with an introduced acquisition of Ayesa Engineering anticipated to shut within the second quarter.
Backside line
All in all, market dips don’t mechanically imply bargains, however they usually offer you an opportunity to purchase high quality shares at higher costs. At this time, Northland Energy affords a reset-and-rebuild story with massive initiatives that might change its money circulation profile. Brookfield is a compounding machine that goes to work when the remainder of the market will get fearful. And Colliers’s progress platform has been steadily changing into extra recurring and scalable.
So if the market palms you a pullback, your finest transfer is to purchase companies that may hold shifting ahead when investor sentiment is doing cartwheels.