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Air Canada stock (TSX:AC) is one of the best stocks to buy right now based on both short- and long-term growth factors.

Image source: Getty Images Can a Tax-Free Savings Account (TFSA) investor realize a $1,000,000 balance in the one-of-a-kind account by age 40? The goal seems impossible but hypothetically possible if you are 25 years old and have an investment window of 15 years. Likewise, selecting a blue-chip asset with a history of delivering astronomical returns is the key to achieving the objective. Apart from the investment choice, the TFSA user must have the financial discipline to save, invest, and keep reinvesting the dividends to benefit from the power of compounding. Don’t tak...

Image source: Getty Images Historically, Canadian banks have always performed well and have been a lucrative opportunity for long-term investors. Even during this pandemic, bank stocks showed their resilience. Most have recovered to pre-pandemic levels, despite continued economic uncertainty. One such stock that has done very well of late is  Accordingly, here’s why I think this stock continues to be a strong buy in this current environment. BMO’s Q1 earnings reflect robust catalysts Despite slowdowns in demand for new credit, BMO stock has continued to outperform the...

Image source: Getty Images Trading Economics reported that the hourly wage in Canada averaged $19.34 in the last 30 years from 1991 to 2021. A record low was set at $13.73 in January 1991. An all-time high of $28.02 was reached in February 2021. Why you’d love passive income Passive income will make your life much easier now and in retirement. Active income is what you earn from your job or business. It requires active work. On the contrary, passive income requires minimal involvement if you pick proven businesses to partner with. Your pension fund in retirement will pr...

TFSA users with $6,000 to invest should find Absolute Software stock a rarity and a compelling investment option. The tech company is growth oriented, yet it pays dividends.