5 Best Performing Canadian Stocks So Far in 2026

2. Enbridge Inc. (NYSE:ENB)

On May 11, 2026, RBC Capital raised the firm’s price target on Enbridge Inc. (NYSE:ENB) to C$79 from C$76 and maintained an Outperform rating on the shares. The firm said the evolving backdrop for energy infrastructure is creating additional growth opportunities for Enbridge with what it views as attractive risk-adjusted returns.

Scotiabank also raised the firm’s price target on Enbridge Inc. (NYSE:ENB) to C$78 from C$77 while reiterating an Outperform rating on the shares.

On May 8, 2026, Enbridge Inc. (NYSE:ENB) reported Q1 adjusted EPS of C$0.98, compared to C$1.03 in the prior-year period. President and CEO Greg Ebel said recent months have brought some of the most volatile and complex conditions the global energy industry has faced in decades, citing commodity price swings, geopolitical uncertainty, and supply disruptions. Despite that environment, Ebel said Enbridge and the broader North American energy sector have continued delivering critical energy supplies to homes and businesses.

Enbridge reaffirmed its FY26 adjusted EBITDA guidance range of C$20.2B to C$20.8B. The company also maintained its distributable cash flow per share outlook of C$5.70 to C$6.10 for the year.

Enbridge Inc. (NYSE:ENB) operates energy infrastructure assets through its Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation segments.