Here’s the 3-Stock TFSA Strategy I’d Use in 2026

The Tax-Free Savings Account (TFSA) contribution limit for 2026 is $7,000. What is your investing strategy for this year? Seeing how things are shaping up, Canadian energy, artificial intelligence (AI), real estate, and insurance stocks are trading near their all-time high. This bull run comes after several years of flat growth from 2022 to mid-2025.

The 3-stock TFSA strategy for 2026

While trade-related stocks and traditional software companies are showing tepid performance, energy and AI stocks continue to make new highs. This makes one skeptical of buying these stocks near their highs. Here is a three-stock TFSA strategy that helps you tap the trend, reduce downside risk, and benefit from a recovery rally.

One stock to tap the AI trend

The trend of AI is here to stay, and a Canadian stock that will benefit from it is Celestica (TSX:CLS). The original design manufacturer supplies Ethernet switches for network infrastructure. Celestica builds switches on Broadcom chipsets. It already has three hyperscaler clients, and even one can significantly increase revenue.

Celestica’s stock price fell 18% in June as Broadcom posted lower-than-expected earnings. However, the earnings and guidance were intact. The dip is due to over-expectations priced into the share price. A single quarter of earnings does not define the overall long-term growth.

The dip is an opportunity to buy Celestica as the orders are still intact. Considering that AI data centres are still being built on a humongous scale, Celestica stock still has more growth left.

One stock to reduce downside risk

While Celestica can help you tap the AI trend, Lundin Gold (TSX:LUG) can reduce downside risk as energy prices cool. Many countries have spent a significant portion of their foreign reserves buying oil. Central banks worldwide could buy more gold at a further accelerated rate to diversify trade partners and build more buying power.

That could drive the gold price up. I won’t be surprised if it reaches $5,000/oz and stays there. At present, the gold price is around $4,200/oz, which is still higher than Lundin’s all-in sustaining cost of $1,114 in the first quarter of 2026. If the Fed increases the interest rate, the gold price may fall. However, central banks’ gold buying will keep the gold price elevated, and you can enjoy high dividends during this period. Lundin Gold’s dividend policy suggests $300 million in free cash flow will be used for a $0.30 fixed dividend per share, and any surplus will go towards a variable dividend.

The company declared $0.91 in variable dividend per share in the first quarter, as its average realized price was $4,951/oz.

One stock to benefit from the recovery rally

Descartes Systems (TSX:DSG) stock has slipped 43% since 2025, when the US tariff war began. Since then, the supply chain management company has been struggling to make ends meet. Despite trade uncertainties, Descartes has sustained its revenue growth and Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) through acquisitions. Its Global Trade Intelligence solutions have been bringing in regular cash flows. Despite strong fundamentals, the share price has been weak.

The stock price recovery will come, but when it is difficult to say. The strategy is to buy the dip and hold it for the long term, as the recovery rally could drive the share price up more than 100%.

How to invest through a TFSA

Investors can allocate their $7,000 TFSA contribution across the three stocks in a 30:30:30 ratio and allocate the remaining 10% to the iShares NASDAQ 100 Index ETF (CAD-Hedged). The ETF can give technology sector exposure and help your portfolio generate market-linked returns.

The post Here’s the 3-Stock TFSA Strategy I’d Use in 2026 appeared first on The Motley Fool Canada.

Should you invest $1,000 in Descartes Systems Group right now?

Before you buy stock in Descartes Systems Group, consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Descartes Systems Group 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 over $16,000!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 91%* – a market-crushing outperformance compared to 87%* 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 June 15th, 2026

More reading

• The 2 Stocks I’d Combine for a Strong TFSA Strategy in 2026
• 2 Growth Stocks Set to Skyrocket in 2026 and Beyond
• How to Grow Your 2026 TFSA Contribution Into $70,000 or More 
• The AI Infrastructure Boom Is Just Getting Started: Here Are 2 Stocks to Buy
• Canadians: Here’s How Much You Need Saved in Your TFSA to Retire

Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Broadcom, Celestica, and Descartes Systems Group. The Motley Fool has a disclosure policy.