The Best $10,000 TFSA Approach for Canadian Investors

The current geopolitical climate is impacting global markets, with funds predominantly flowing into energy stocks while other fundamentally strong stocks are experiencing declines. For Canadian investors, this presents a unique opportunity to adopt a non-energy approach to their Tax-Free Savings Account (TFSA) investments, focusing on stocks poised for long-term growth.

The optimal TFSA strategy for Canadian investors

You can either chase the market or go contrarian and stick to the fundamentals of low debt, steady revenue growth, and high profits. Every company is affected by the trade wars and rising energy prices, but only those with strong margins can deliver growth even in tense markets. You can invest $2,500 in each of the four stocks below to grow your money in the short and medium term.

Long-term growth strategy for your TFSA

Bombardier

Bombardier (TSX:BBD.B) stock saw a sharp correction of 12% in March, even after reporting better-than-expected 2025 earnings in February 2026. Behind the dip was the uncertainty around the renewal of the U.S.-Mexico-Canada Agreement (USMCA) on July 1. If agreed, the accord will remain in force for 16 years or else face annual reviews till 2036 expiration.

US President Donald Trump is already pressuring Canada on a few areas, like approving certain Gulfstream jets, or the US will levy a 50% tariff on aircraft. Considering the unpredictability of his decisions, companies that benefited from USMCA remain cautious. That explains Bombardier’s dip.

The business jet maker is ready to withstand the crisis with a strong balance sheet. It has reduced its net debt to 1.9 times its adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). And it is reducing its net debt further by repaying debt due in 2028. Bombardier is seeing a strong order flow from defence and other segments. It expects its revenue and adjusted EBITDA to grow by 4–5% in 2026 after growing 10 and 15% in 2025.

Now is the time to buy this stock as the management has several ways to boost earnings, increase maintenance agreements, look for more defence orders, and reduce debt. So far, it has not announced share buybacks or dividends, but it has not ruled them out either. Its long-term secular growth trend remains strong, and its supply chain is undisturbed.

Celestica stock

Celestica (TSX:CLS) stock has dipped 20% since its January peak as the Venezuela oil crisis and Iran war affect natural gas prices. Natural gas-fired power plants power most artificial intelligence (AI) data centres. While geopolitical tensions pulled down stock prices, the AI secular trend remains strong. Celestica’s stock rose on the back of strong demand for the Hardware Platform Solutions (HPS) division that manufactures high-speed data interconnects, storage, compute, and networking products for AI and hyperscale data centre infrastructure.

Celestica is investing US$1 billion to expand and build new capacity in Texas, Mexico, Japan, and Taiwan to find a way around tariffs. The company has been reporting better-than-expected earnings despite revising guidance upwards. It has revised its 2026 revenue guidance to US$17 billion from the previous US$16 billion. It has reduced its leverage ratio to 0.7 times from 1 times in 2024.

Although the valuations are high, the high revenue growth is supporting the rally, making it a stock to buy at the dip.

Short-term growth approach for your TFSA

Shopify (TSX:SHOP) and Lundin Gold (TSX:LUG) are opportunistic buys as their share prices have dipped from their highs. Shopify’s stock is down due to seasonality, while Lundin Gold’s share price corrected due to a dip in gold prices.

The rise in crude oil prices pulled down the gold price. However, gold will remain a good investment amidst growing trade uncertainty. Central banks worldwide might buy more gold to fund their supply chain shifts. Gold prices could make new highs in the next two to three years. You could consider buying Lundin Gold at the dip and selling the stock whenever it makes a new high. As for Shopify, the stock is a buy in March and sell in the holiday season rally.

The post The Best $10,000 TFSA Approach for Canadian Investors appeared first on The Motley Fool Canada.

Should you invest $1,000 in Bombardier right now?

Before you buy stock in Bombardier, consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Bombardier wasn’t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,155.76!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 90%* – a market-crushing outperformance compared to 81%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of February 17th, 2026

More reading

• The Little-Known Secrets Behind Every TFSA Millionaire
• The Average TFSA Balance for Canadians at 50
• 2 Canadian Stocks Primed and Ready to Pop This Year
• 3 Stocks That Could Turn a $100,000 Portfolio Into $1 Million Sooner Than You Might Think
• 3 Canadian Stocks Ready to Surge in 2026

The Motley Fool has positions in and recommends Shopify. The Motley Fool recommends Celestica. The Motley Fool has a disclosure policy. Fool contributor Puja Tayal has no position in any of the stocks mentioned.