Buy the Dip: 3 Stocks to Buy Today and Hold for the Next 5 Years

The Canadian stock market has delivered a strong performance over the past year, with the S&P/TSX Composite Index rising by roughly 30%. This advance has been supported by interest rate cuts aimed at stimulating economic growth. Moreover, robust momentum in resource-driven sectors, particularly mining companies tied to precious metals and continued resilience in consumer spending drove the broader market higher.

Even as the broader equity market trended upward, shares of several fundamentally strong companies have pulled back from recent highs. These short-term declines create a compelling entry point for investors with a long-term view of at least five years.

Against this backdrop, here are the three TSX stocks to buy today and hold for the next five years.

Cargojet

Cargojet (TSX:CJT) stock has pulled back significantly, offering a buying opportunity for long-term investors. Shares of the Canadian air cargo leader are down roughly 32% from their 52-week high, pressured by softer global trade and weaker international demand, which have affected its ACMI and charter operations.

While near-term headwinds persist, Cargojet’s fundamentals remain solid. The company holds a dominant position in Canada’s air cargo market, has an efficient fleet, is likely to benefit from e-commerce tailwinds, and relies on long-term contracts that help stabilize revenue during cyclical slowdowns. Importantly, its domestic business continues to perform well, highlighting the resilience of its operating model.

Further, renewed agreements with major customers such as Amazon and DHL strengthen Cargojet’s outlook by improving earnings visibility and supporting cash flow stability. As shipping volumes recover and demand improves across its charter and ACMI operations, the company appears well-positioned for a solid rebound.

MDA Space

MDA Space (TSX:MDA) has fallen sharply, with the stock down about 43% from its 52-week high. The decline was largely driven by contract-related concerns rather than by deterioration in the company’s core business. Thus, this decrease in the shares of this space technology company offers a solid entry point for investors with a long-term outlook.

Investor sentiment weakened after EchoStar cancelled a multi-billion-dollar satellite deal and sold its spectrum licenses to SpaceX. Nonetheless, MDA’s underlying fundamentals remain intact, and demand for its technology and offerings is high. The company is a global leader in digital satellites, space robotics, and geointelligence, all of which are supported by rising demand across communications, defence, and Earth observation. Moreover, its strong balance sheet provides financial flexibility as the space economy continues to expand.

With investments in its end markets accelerating, MDA appears well-positioned for future growth, making the share price weakness compelling for investors.

SECURE Waste Infrastructure

Shares of SECURE Waste Infrastructure (TSX:SES) have fallen roughly 22% from their 52-week high amid weaker commodity prices and broader economic uncertainty. Despite the pullback, the company’s underlying business remains resilient.

SECURE operates a diversified portfolio of energy and waste infrastructure assets that generate stable, predictable cash flow. Much of its revenue stems from ongoing production and industrial activity rather than from drilling cycles, helping reduce exposure to commodity volatility. Moreover, its efficiency initiatives and disciplined cost control further support margins.

Although the metals recycling segment faces near-term pressure from trade-related headwinds, conditions could improve into 2026. With major projects nearing completion, new growth initiatives ramping up, and Canadian oil and gas production holding steady, SECURE’s long-term outlook remains constructive.

The post Buy the Dip: 3 Stocks to Buy Today and Hold for the Next 5 Years appeared first on The Motley Fool Canada.

Should you invest $1,000 in Cargojet Inc. right now?

Before you buy stock in Cargojet Inc., consider this:

The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 5 best stocks for investors to buy now… and Cargojet Inc. wasn’t one of them. The 5 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 $20,568.17!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 99%* – a market-crushing outperformance compared to 77%* for the S&P/TSX Composite Index. Don’t miss out on our top 5 list, available when you join Stock Advisor Canada.

See the 5 Stocks #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 January 5th, 2026

More reading

• You Don’t Need a Ton of Money to Grow a Successful TFSA: Here Are 3 Ways to Get Started
• Got 300? These 3 TSX Stocks Are Too Cheap to Ignore
• 3 Monster Stocks to Hold for the Next 3 Years
• There Are So Many Ways These (Currently) Cheap TSX Stocks Can Soar
• RRSP & TFSA Power Plays: What Smart Canadians Are Buying This December

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cargojet. The Motley Fool recommends Amazon and Secure Waste Infrastructure Corp. The Motley Fool has a disclosure policy.