Afxentiou's Forever Holdings: 4 Canadian Stocks to Buy and Hold

When it comes to buying and holding Canadian stocks, Demetris Afxentiou at The Motley Fool Canada has identified four picks that have what it takes to last for decades. These companies are not only stable but also offer growth potential in addition to growing dividends.

The first two picks are Bank of Montreal (TSX: BMO) and Canadian National Railway (TSX: CNR). BMO is the oldest of Canada's big bank stocks, with a history stretching back over 200 years. It has endured through multiple recessions, wars, financial crises, and even the founding of Canada itself.

Canadian National Railway offers something different - it operates a massive rail network across Canada and down to the US Midwest. This gives the railway a defensive moat that is difficult to replicate. The company's network hauls over $250 billion worth of goods each year, making it a crucial part of the North American economy.

The next two picks are Brookfield Infrastructure (TSX: BIPC) and Canadian Natural Resources (TSX: CNQ). Brookfield gives investors exposure to essential infrastructure that isn't tied down to a single country or asset class. The company's portfolio includes utilities, railways, toll roads, ports, pipelines, and data infrastructure.

Canadian Natural Resources offers direct commodity exposure as one of the major oil and gas producers in Canada. Its long-life assets generate a recurring cash flow that can be substantial when energy prices spike.