Canadian Stocks Poised to Weather the Next Inflation Storm

Inflation may have eased from its peak lately, but investors shouldn't assume it's gone for good. Both the U.S. Federal Reserve and the Bank of Canada have shown caution by pausing rate cuts in recent meetings.

Canadian Natural Resources (TSX:CNQ) is a stock that could be well-positioned if inflation starts picking up again. The oil and natural gas producer operates across Canada, the North Sea, and offshore Africa, with shares trading at $62.43 each and a market cap of $129.4 billion.

The company's first-quarter production averaged 1.6 million barrels of oil equivalent per day, up 4% year-over-year. Its adjusted net earnings came in at $2.4 billion, close to the $2.4 billion reported a year ago.

Choice Properties Real Estate Investment Trust (TSX:CHP.UN) is another stock that could provide consistent income for investors. The trust owns grocery-anchored retail properties, industrial buildings, residential assets, and mixed-use developments across Canada, with units trading at $16.12 each and a market cap of $5.3 billion.

Saputo (TSX:SAP) is a dairy processor that produces and sells cheese, milk, cream, cultured products, and dairy ingredients across several international markets. Its shares traded at $41.58 each, giving Saputo a market cap of $16.6 billion.