Prediction: In 10 years you’ll be glad you bought these winners

Ten years sounds like an eternity, until suddenly it doesn’t anymore. A decade lens helps you ignore noise and focus on what drives wealth: steady demand, pricing power, and leaders who reinvest cash wisely. It also forces patience, something most investors lack. You can get through a recession, an interest rate cycle, and some nasty surprises in a decade, but only if you have a business that keeps improving while you wait. So let’s take a look at some Canadian stocks that are doing just that.

C.P

Canadian Pacific Kansas City (TSX:CP) seems relevant now as trade routes across North America continue to shift and rail still moves heavy freight cheaply. CP operates a network connecting Canada, the US and Mexico, giving it a rare single-company corridor for cross-border shipments. Canadian stocks haven’t felt stable lately, with prices down about 15% over the past year. Such a decline could deter merchants even as the network continues to gain density and efficiency.

Recent results show that progress has been made in implementation. In the third quarter of 2025, CP generated total revenue of $3.7 billion and grew diluted earnings per share (EPS) to $1.01, while core adjusted earnings per share (EPS) reached $1.10. It also improved efficiency, with a core-adjusted operating ratio of 60.7%. It currently trades at about 21.4 times forward earnings, and 19 times forward earnings. If manufacturing routes between Mexico and the US continue to expand, CP could benefit, but freight recessions, labor disputes and border friction, or weaker industrial demand could reduce pricing power.

CSU

Constellation software (TSX:CSU) matters now because it often thrives when the markets feel cluttered. CSU buys niche, mission-critical software companies and then runs them all with a decentralized playbook for the long term. The Canadian stock has taken a beating lately since longtime CEO and founder Mark Leonard stepped down. Today, Canadian stocks are down about 22% year to date, and 44% over the past year. That kind of decline feels terrible right now, but it could still create opportunities if fundamentals continue to improve and management maintains discipline.

The fundamentals still look vibrant. In the third quarter of 2025, CSU’s revenue grew 16% year over year to $3 billion and net income attributable to common shareholders increased to $210 million, or $9.89 per diluted share. It also reported free cash flow available to shareholders of $529 million, up 46% from a year earlier. Today it trades at about 58 times earnings, and 17 times forward earnings. That gap suggests future earnings growth, but CSU could stumble if it overpays for acquisitions or if deal competition increases. Still, today’s investors can get a solid deal if Canadian stocks recover.

BEP

Brookfield Renewable Partners (TSX:BEP.UN) seems timely as energy demand continues to rise and electrification continues to spread to transportation and data centers. BEP.UN owns and operates sustainable assets, with hydropower as a key anchor, and also develops new projects. The unit price has grown in line with interest rates, but at the time of writing the shares are already up 5% this year and 27% last year. When prices move quickly, this Canadian stock can feel like a yo-yo, so you need a long horizon and a clear thesis.

The cash picture remains the real story. In the third quarter of 2025, Brookfield Renewable reported funds from operations (FFO) of $302 million, or $0.46 per unit, up 10% year over year. Accounting income can fluctuate, so investors often lean on FFO and distributions instead. Fund data shows an annual dividend of about $2.04 per unit, a yield of about 5.2%, which helps while you wait. Future benefit could come from project completion and better financing conditions, while drought, permitting delays and debt burdens could pinch.

In short

If you want a 2036-friendly mix, these three Canadian stocks cover a lot of ground without forcing you to chase the next shiny thing. CP can expand thanks to route density and ruthless efficiency. CSU can keep buying small software money machines and turning them into bigger ones. BEP.UN can drive the long runway for clean energy and grid upgrades while paying you to wait. None of this guarantees wins, and you should expect awkward stretches, but patient owners often deserve the reward.