This Stock Could Boost Your TFSA Sooner Rather Than Later

Here comes that wave of volatility again. With the TSX Index giving back a good chunk of the gains from the first half of January, and the S&P 500 plunging into the red for 2026, TFSA (Tax-Free Savings Account) investors might feel a bit better by sitting on the sidelines to wait out the rougher terrain.

Undoubtedly, stocks are still expensive and close to their highs (the TSX Index is off just over a percentage point), so there’s no rush to be a hero, especially as we learn more about the situation going on in Greenland. Of course, geopolitical uncertainty can be scary, especially if the market is going for a premium price tag.

So, why not wait things out, especially if you’re doing fine with a TFSA savings account?

Of course, it’s times like these when there are deals to be had. When you wait for the air to clear and the momentum to go into high gear, you’ll pay a higher price of admission again. Indeed, a 1–3% discount on a stock off its highs hardly seems like a great deal and, for the most part, you’d be right to wait for something better. At the end of the day, nobody is forcing you to make a move, especially as negative momentum begins to accelerate.

Of course, there’s also no bell that goes off when it’s the absolute perfect time to buy, and if there are stocks that have fallen faster and harder than the market averages, you could run the risk of foregoing a pretty good deal (if not a great one) by not biting on the harder-hit names that you firmly believe are being dragged down.

Even if there’s an opportunity to take profits off your risk-on names, you shouldn’t seek to throw the baby out with the bathwater. In any case, this piece will focus on undervalued buy candidates that might be worth braving as the S&P comes in and we’re dealt what could be another Trump-fuelled Liberation Day-esque kind of correction.

Even though things seem scary, it’s sell-offs like these that are par for the course, and I believe they’re healthy, rather than bad for the longevity of this bull market, especially considering all the froth that’s formed on some parts of the tech sector.

So, in short, stay calm, be cool, and be ready to swing your bat if a pitch is thrown in a picture-perfect spot! Here’s a stock I think could prove buyable over the coming weeks, whether or not the dust settles on the Greenland anxiety.

Aritzia: A perfect growth stock that’s coming in

Aritzia (TSX:ATZ) has been an absolute growth darling on the TSX, and as shares come in, I think they will eventually be worth adding to as greed turns to fear. Artizia shares are officially in a correction, now down 12% from their peak. And with sales momentum picking up speed, I’d not bet against the name as it comes in, especially as the brand resonates with American consumers in a way that’s enough to offset the impact of tariffs.

Is ATZ stock pricey at 41.4 times trailing price-to-earnings (P/E)? I’d say so, but it’s far less pricey than a few weeks ago. Either way, I think it’s a must-watch TFSA growth stock to keep tabs on, especially since shares appear to be falling at a time when the business couldn’t be any hotter as growth goes into overdrive. Of course, do be ready to ride the stock lower if the sell-off worsens, given the 1.7 beta entails the potential for steeper downside than the TSX Index.

The post This Stock Could Boost Your TFSA Sooner Rather Than Later appeared first on The Motley Fool Canada.

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

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

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Aritzia Inc. 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 $21,827.88!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 102%* – 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 January 15th, 2026

More reading

• Load Up on These Growth Stocks Today Before They Lead the Charge in 2026
• If I Could Only Buy 2 Stocks in 2026, These Would Be My Top Picks
• Aritzia Stock: Is it Time to Back Up the Truck After a 270% Gain in 2 Years?
• My Biggest Investing Regret in 2025 Was Not Buying This Stock
• TFSA: 4 Canadian Stocks to Buy and Hold Forever

Fool contributor Joey Frenette has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Aritzia. The Motley Fool has a disclosure policy.