2 Canadian Blue-Chip Stocks to Own Forever!

As we approach the end of the year, investors seeking stocks for the long term, potentially decades, may consider durable and growth-oriented options. While the ideal investment horizon is forever, practical considerations may influence decisions. Here are 2  TSX bluechip stocks that could be appealing for investors with a long-term perspective in 2024. 

1. Restaurant Brands International (TSX: QSR):

Restaurant Brands International operates prominent fast-food chains, including Tim Hortons, Burger King, Firehouse Subs, and Popeyes Louisiana Kitchen. The company has made significant strides, particularly in the rebranding and reinvention of the Burger King brand. Tim Hortons, an iconic Canadian brand, has potential growth opportunities with its loyalty program enhancements and new menu offerings. Popeyes, known for its chicken offerings, adds to the diversified mix of QSR's portfolio. 

Despite potential concerns, QSR remains resilient, with its fast-food brands historically proving their ability to withstand economic challenges. The stock is on the verge of a potential breakout to new highs, making it an attractive option for investors. The resilience of fast-food companies in economic downturns could position QSR well for the long term. 

2. Alimentation Couche-Tard (TSX: ATD):

Alimentation Couche-Tard, the convenience store giant behind Circle K, has demonstrated impressive market performance, outperforming the TSX Index with a year-to-date gain of 26.4%. Trading at 18.3 times trailing price-to-earnings, the stock appears undervalued considering its steady earnings growth potential. With robust cash flow and liquidity, Couche-Tard has the capacity to make strategic acquisitions in the global convenience store industry. 

As Couche-Tard consolidates its position in the convenience store sector, it stands out as a growth stock with the potential for earnings growth, multiple expansion, and potential takeover announcements. The company's resilience in the face of inflation and economic challenges positions it for further growth, making ATD stock an appealing choice for long-term investors. 

The summary ends without providing information about the third stock mentioned in the title. It's essential to include details about the third stock for a comprehensive understanding of the investment options. 

In conclusion, these Canadian stocks offer characteristics that may align with the preferences of long-term investors. Restaurant Brands International and Alimentation Couche-Tard, in particular, have demonstrated resilience and growth potential, making them worth considering for investors with a horizon extending into 2024 and beyond.