The primary requirement is to select companies that have wide moats, are sustainable businesses and are fundamentally built to last. On the TSX, there are five stocks you can hold with confidence for success over the next decade.
Huge “MOAT”
Royal Bank of Canada (TSX:RY), Canada’s largest company, is a core holding for any stock portfolio. This $326 billion bank has a huge moat and dominant scale in an industry revered worldwide for its stability. RBC has survived two world wars and every major financial crisis, including global catastrophes, for more than 150 years.
At $232.71 per share, the dividend yield is 2.82%. The dividend track record is 155 years and counting. Today, Canada’s banking sector, led by RBC, is the cornerstone of the country’s economy.
Safe haven
The materials sector, which includes mining stocks, continues to dominate the TSX, up 21.53% so far in 2026. Lundin Gold (TSX:LUG) stands out if you want a safe haven against economic instability. It owns Fruta del Norte in southeastern Ecuador, one of the highest-quality gold mines in the world.
The productive gold mine is why this $28.8 billion mining company is a cash cow and generous dividend payer. In the first three quarters of 2025, net profit and free cash flow (FCF) increased 88% and 338% year-over-year to $558 million and $598 million, respectively.
LUG’s 10-year return is +3.404%. Additionally, the 2025 TSX30 winner (in second place) trades at $120.92 per share and pays a 3.7% dividend.
Energy powerhouse
Canadian natural resources (TSX:CNQ) could be an anchor stock next to a major bank. The $101.8 billion senior oil and natural gas company is a power plant in Canada. The portfolio, with a long-lived, low-decline asset base, is currently one of the most diversified in the industry.
In addition to financial strength, Victor Daniel, the company’s Chief Financial Officer, said: “We are resilient in lower commodity price environments, while we have significant ability to achieve higher commodity prices.” If you invest today, the stock price will be $49.97. CNQ has increased dividends for 25 years in a row and currently pays a hefty 4.81% dividend.
Defensive base
TELUS (TSX:T) regained its position last year after a slump in 2024 due to high interest rates and price wars. Still, Canada’s second-largest telecom company ($29.2 billion market cap) provides essential communications services and a defensive foundation for income-oriented investors regardless of the economic environment.
The strategic expansion into TELUS Health, TELUS Agriculture and TELUS Digital is a positive development, although connectivity remains the core business. The share price of $19.01 is relatively low and a good entry point. The dividend offer is 8.9%.
Strong foundations
Canadian Apartment Properties REIT (TSX:CAR.UN), a $6 billion real estate investment trust, owns and operates residential apartment suites and townhomes. This top REIT has maintained strong fundamentals for years and is benefiting from Canada’s chronic housing shortage and high rental demand.
At $38.74 per share, the dividend offer is 4%. Additionally, the monthly payout frequency provides an incentive for dividend reinvestment and faster capital accumulation.
Financial peace of mind
A buy-and-hold strategy is all about creating a diversified portfolio of high-quality stocks. The five companies can withstand market cycles and provide you with long-term financial stability and peace of mind.
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