When it comes to selecting a stock for your Tax-Free Savings Account (TFSA), Canadian National Railway (TSX:CNR) stands out as one of the best options. Known for its robust performance, strategic management, and reliable dividend, CNR stock offers a blend of growth and stability – exactly what long-term investors need in a tax-free savings account. Let’s get into why it’s perhaps the best Canadian stock to buy.
Consistency is key
One of the most compelling reasons why CNR stock is the best Canadian stock to buy and hold in your TFSA is its consistent earnings growth. In its most recent quarter, the company posted revenue of $17 billion, a year-over-year increase of 6.7%. While earnings growth dipped slightly by 4.5%, the dividend stock continues to maintain strong profitability with a profit margin of 32%. This solid financial performance highlights CNR’s ability to adapt and thrive, even in…
