After rising 1.5% last month, the S&P/TSX Composite Index has continued his upward trend and has risen by 2.3% month so far. The optimism of investors that the Federal Reserve of the United States would lower the interest rates next month and solid performance of the second quarter of Canadian companies have driven the stock markets higher.
However, the uncertainty surrounding the impact of protectionist policy on global economic growth remains. Therefore, if you are also concerned about the substantial increase in stock markets in recent months and the uncertain prospects, you can buy the following two Canadian shares that can deliver in any environment.
Dollarama
Dollarama (TSX: Dol) is a discount retailer that operates 1,638 stores in Canada. The superior direct-sourcing and buying opportunities and efficient logistics have enabled the company to deliver compelling value to its customers, so that they enjoy healthy sales, even during a challenging macroom environment. The Retailer Discount Retailer, based in Montreal, expects to extend his footprint to 2,200 stores at the end of the tax 2034. Given its capital-efficient growth-oriented model, fast sales suspension and lower shop network maintenance, these extensions can not only support the top line growth.
Moreover, Dolalrama took over the rejection store last month, as a result of which he ventured into the Australian retail market. The Shop rejection currently has 390 stores in Australia and generates an annual turnover of around $ 780 million. Furthermore, Dollarama has a 60.1% interest in Dollarcity, which operates 644 stores in Latin -America. DollarCity is also expanding its shopping network and is intended to increase its stores to 1,050 towards the end of the Tax 2031. Dollarama can also exercise his option to increase its interest in dollalcity to 70% by the end of 2027. About all these factors. About called the Uptrend in Dollarama’s Financials that will continue with the Macro environment.
Waste connections
Another Canadian share that I expect to implement, regardless of the broader market conditions Waste connections (TSX: WCN), which collects, conveys and removes from non-hazardous fixed waste. Last month it reported a healthy performance of the second quarter, with its top line with 7.1% to $ 2.41 billion. Together with an increase of 6.6% in the core prices for fixed waste, the acquisitions have brought its revenue growth in the past four quarters. In the meantime, the adjusted net income was $ 333.1 million or $ 1.29 per share, which represents an increase of 4% compared to the quarter of the previous year. The adjusted EBITDA (income before interest, taxes, depreciation and amortization) grew by 7.5% to $ 786.4 million, while the adapted EBITDA -Marge 10 basic points improved to 32.7%.
Moreover, WCN has completed various acquisitions this year that can contribute to around $ 200 million to its annual income. Given the solid financial position and generating free cash flow, the management of the company expects to continue with its acquisition activities. It builds 12 renewable natural gas facilities that can become operational next year. Once fully operational, these facilities can contribute $ 200 million to the adapted EBITDA. Together with these growth initiatives, the approval of technological progress, safety measures for employees and improved employee involvement could increase financial data in the coming years.
In the meantime, after reporting his performance of the second quarter, the management of WCN increased its guidelines from 2025, with its income and adapted EBITDA guidelines that represent a growth of 5.9% and 7.5% compared to the previous year. The adjusted free cash flow of $ 1.3 billion represents an increase of 6.7% on an annual basis. Given all these factors, I believe that WCN would be an excellent defensive gamble.
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