U.S. President Donald Trump has revived U.S.-Canada commerce tensions with a message that caught markets off guard. His latest warning of a possible 100% tariff on Canadian items raised recent considerations about commerce stability.
Given Canada’s export dependence on the U.S., this uncertainty might shortly spill over into inventory costs. That’s one of many key the explanation why Tax-Free Financial savings Account (TFSA) buyers might need to deal with companies that rely much less on cross-border commerce noise. On this article, I’ll spotlight two protected Canadian shares that would assist your TFSA portfolio deal with this storm.
Capital Energy inventory
As tariff danger rises, companies tied to important companies and long-term contracts like Capital Energy (TSX:CPX) begin to look much more enticing. In the event you don’t comprehend it already, the corporate generates electrical energy throughout North America with a rising deal with versatile era and battery storage. After gaining 9.7% over the past yr, CPX inventory lately traded close to $58 per share, with a market cap of about $9.1 billion. At this market worth, it additionally presents an annualized dividend yield of 4.7%.
Within the third quarter of 2025, Capital Energy’s financials clearly mirrored the underlying power of its enterprise mannequin. Regardless of the continued macroeconomic uncertainties, the corporate’s quarterly adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) stood at $477 million. Equally, its adjusted funds from operations for the quarter have been at $369 million, supported by regular plant availability and contract-backed income. Apparently, a brand new long-term contract for Midland Cogeneration Enterprise is more likely to enhance Capital Energy’s money flows by means of 2040 with improved pricing.
Just lately, the corporate additionally commissioned 170 megawatts of Ontario battery storage, contracted by means of 2047, which supplies it many years of economic visibility. Total, with predictable money flows and important infrastructure, Capital Energy may very well be an excellent inventory for TFSA buyers looking for stability throughout commerce uncertainty.
goeasy inventory
It’s quite common to see tariff stress trickling right down to shoppers, which makes secure, credit-focused companies like goeasy (TSX:GSY) price contemplating for TFSA buyers. This Mississauga-based agency supplies non-prime shopper lending throughout Canada.
Though GSY inventory has seen a decline over the past yr, it primarily displays macro and credit score considerations somewhat than weak demand for its companies. Consequently, the inventory now trades at $129.85 per share with a market cap of roughly $2.1 billion. At this worth, it has an annualized dividend yield of 4.5%.
Within the third quarter of 2025, goeasy delivered a 13% YoY (year-over-year) improve in its mortgage originations to $946 million, pushing up its mortgage portfolio by 24% to $5.4 billion. Within the newest quarter, the corporate’s income reached a document $440 million with the assistance of robust utility volumes throughout lending merchandise.
Whereas the provisions for credit score losses rose because of early-stage delinquencies, its internet charge-off charge improved to eight.9%. Extra importantly, goeasy continues to broaden secured lending and fund development by means of diversified financing. For TFSA buyers, this mix of enticing dividends, scale, and long-term demand makes GSY inventory actually enticing, particularly at present ranges.
