N@N

The 1 Canadian Stock I'd Buy and Hold Forever in a TFSA

The article from MSN Money discusses the merits of investing in Canadian National Railway (CNR) as a long-term holding within a Tax-Free Savings Account (TFSA). It highlights CNR's robust business model, which benefits from its extensive rail network across North America, providing essential transportation services for various industries. The piece emphasizes CNR's consistent performance, with a history of increasing dividends, making it an attractive option for investors looking for stability and growth. The article also points out the strategic advantages of holding such a stock in a TFSA, where all investment income, including dividends and capital gains, can grow tax-free. It suggests that despite its higher stock price, CNR's potential for long-term growth, combined with its defensive qualities in economic downturns, makes it a compelling choice for a "buy and hold forever" strategy within a TFSA.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/the-1-canadian-stock-i-d-buy-and-hold-forever-in-a-tfsa/ar-BB1rojZI ]