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Top Canadian Stocks to Watch for Long-Term Wealth Growth

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Investors seeking to build long-term wealth through the stock market should consider high-quality growth stocks. With the S&P/TSX Composite Index reaching new all-time highs, the Canadian market is experiencing heightened volatility. This environment presents both challenges and opportunities for investors willing to maintain a long-term perspective.

The current climate of the stock market, particularly in September 2023, has raised concerns about potential pullbacks that could affect profits. Nevertheless, investors with a focus on long-term gains can identify stocks that are likely to endure economic fluctuations. Among these are two notable choices: **Alimentation Couche-Tard Inc.** and **Brookfield Infrastructure Partners**.

Alimentation Couche-Tard: A Leader in Convenience Retail

**Alimentation Couche-Tard** (TSX: ATD) boasts a market capitalization of **$68.9 billion** and operates a vast network of convenience stores across Canada, the United States, and various international markets. The company’s recent strategic initiatives, including an attempt to acquire **7-Eleven**, did not materialize, freeing up resources that can now be redirected towards share buybacks and acquisitions within the grocery sector.

The grocery segment presents a stable opportunity for growth, particularly as fuel sales may face pressure from green energy initiatives. Analysts project a positive long-term trajectory for Couche-Tard, especially if the company continues to adapt to the evolving market landscape.

Brookfield Infrastructure Partners: A Diversified Investment

**Brookfield Infrastructure Partners** (TSX: BIP.UN) is another strong contender, with a market value of **$19.6 billion**. This limited partnership offers instant diversification to investors through its portfolio of high-quality, long-life assets that generate stable cash flows. The company primarily focuses on infrastructure assets characterized by high barriers to entry and low maintenance capital costs, spanning industries such as data centres, utilities, transportation, and midstream operations.

Brookfield’s resilient business model allows it to generate significant revenue, enabling the company to fund shareholder dividends and acquire additional assets to enhance its portfolio. Currently, Brookfield Infrastructure Partners shares are trading at **$42.45**, offering a **5.6% annualized dividend yield** paid quarterly.

Strategies for Long-Term Success

Investing in high-quality growth stocks requires discipline, particularly in volatile market conditions. Investors must remain committed, avoiding the temptation to panic during downturns. Companies with robust fundamentals can navigate market turbulence and ultimately provide significant returns.

While short-term fluctuations may result in losses, businesses capable of enduring economic headwinds can yield outsized gains for steadfast investors. Both Couche-Tard and Brookfield Infrastructure Partners present compelling opportunities for those seeking to build long-term wealth in the Canadian stock market.

As always, potential investors should carefully evaluate their options. Notably, **The Motley Fool** analysts have highlighted that while Couche-Tard is a solid choice, other stocks may present even greater potential for returns. The importance of thorough research and strategic planning cannot be overstated for anyone looking to invest wisely in today’s market.

In summary, as the Canadian market continues to evolve, identifying resilient stocks like Alimentation Couche-Tard and Brookfield Infrastructure Partners can be beneficial for investors focused on long-term growth.

Our Editorial team doesn’t just report the news—we live it. Backed by years of frontline experience, we hunt down the facts, verify them to the letter, and deliver the stories that shape our world. Fueled by integrity and a keen eye for nuance, we tackle politics, culture, and technology with incisive analysis. When the headlines change by the minute, you can count on us to cut through the noise and serve you clarity on a silver platter.

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