These are the main factors cited as ones that will move the TSX index higher – but there’s more. Canada’s growing liquefied natural gas (LNG) industry will get a big boost from the ramp-up of LNG Canada in 2026, sending many stocks higher.
Taking all this into account, here are two TSX stocks to buy now before they soar higher in 2026.
A TSX leader
Enbridge (TSX:ENB) is one of the leading energy infrastructure and utilities companies in North America. Its diversified activities include gas utilities and storage, natural gas pipelines and, of course, renewable energy. Clearly, Enbridge is well positioned to capitalize primarily on the positive energy demand outlook in 2026 and beyond.
First, we have the growing demand for utilities to meet North American energy needs, which is being driven by the need for artificial intelligence. Then we have the booming LNG industry. Enbridge has been building out its infrastructure to facilitate the movement of Canadian natural gas to LNG facilities. Finally, lower interest rates always benefit companies like Enbridge, which operate in highly capital-intensive industries.
Yet Enbridge shares are still significantly undervalued right now, valued at 23 times this year’s expected earnings and 21 times next year’s expected earnings. And it yields a very attractive 5.66% – all this despite very predictable revenues, profits and cash flows.
As 2026 approaches and progresses, and we see the trends discussed in this article play out, Enbridge stock will likely rise.
The growth stock that is ready to rise
As a fast-growing company still in its major growth phase, Well, health technologies (TSX:WELL) will benefit significantly from the lower cost of capital. Falling interest rates will boost Well Health Technologies as the company benefits from greater liquidity and easier access to money.
This brings us to Well Health’s growth story. Well Health’s mission is to provide healthcare providers with technology. It’s a much-needed change. One that has taken healthcare providers out of the Middle Ages and into the technological revolution. Ultimately, Well Health’s ultimate goal is to use AI to drive even better improvements for healthcare providers and health outcomes for patients.
After many years of strong double-digit revenue growth, the company is now gaining size and scale that is improving profitability. It is also narrowing its focus and divesting certain non-core businesses to concentrate on its Canadian operations. This is the company that has the highest return on invested capital for this TSX stock.
The Canadian clinic network includes primary care clinics, diagnostic and specialty care clinics and preventive care clinics. Well Health has acquired Canadian clinics and implemented its technology to improve their profitability and performance. This has led to strong results in recent years.
In Well Health’s third quarter, revenue rose 56% to $365 million, and adjusted earnings per share came in at $0.06, compared to a loss of $0.33 in the same period in 2024. And free cash flow came in at $31.2 million.
The bottom line
Despite the fact that it looks like the TSX is in need of a breather, there are some TSX stocks that are actually preparing to outperform. The stocks discussed in this article are two good examples of this.
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