Written by Sneha Nahata at The Motley Fool Canada
Investors looking for steady returns and stability could consider investing in Canadian blue-chip stocks. These stocks are backed by companies with solid fundamentals, well-established businesses, and a growing earnings base that enables them to consistently outperform the broader markets and enhance their shareholders’ value via dividend distributions and share repurchases.
Against this background, let’s look into three blue-chip stocks that, in my opinion, every Canadian should own.
Canadian Natural Resources
Canadian Natural Resources (TSX:CNQ) is one of the top Canadian stocks for investors to generate steady capital gains and earn a worry-free passive income. Shares of this oil and gas company have gained about 226% in the last five years, reflecting a compound annual growth rate (CAGR) of about 27%.
Furthermore, Canadian Natural Resources has…
