In this article, we will look at the 7 Best Canadian Infrastructure Stocks to Buy Now.
Canadian infrastructure stocks are getting more attention as investors look for businesses tied to essential services, physical networks, and long-term capital spending. The group is broader than utilities. It includes rail and freight transportation, waste and environmental services, energy infrastructure, logistics, telecom, and digital connectivity. These are not high-flying themes, but many of them sit behind the movement of goods, power, data, and critical services.
Brookfield says “The infrastructure supercycle continues,” driven by “digitalization, decarbonization and deglobalization.” The firm adds that AI and data sovereignty are creating demand for “digital infrastructure and compute capacity,” which is also driving the need for “power and supporting infrastructure.” BlackRock makes the listed-stock case more directly, saying “many of the companies that provide infrastructure solutions” are public, while infrastructure stocks may see “accelerating earnings growth” from AI and the energy transition. First Sentier adds that listed infrastructure covers “railroads, utilities and renewables, energy midstream, wireless towers and data centers,” sectors that share “barriers to entry and pricing power.” In summary, the Canadian infrastructure trade is not just about one sector. It is about owning companies with hard-to-replicate assets, regulated or contracted revenue streams, and exposure to long-running investment cycles.
With that in mind, let’s take a look at the 7 Best Canadian Infrastructure Stocks to Buy Now.
Our Methodology
We used the Finviz screener to identify Canadian infrastructure stocks that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
7. Canadian Pacific Kansas City Limited (NYSE:CP)
On June 5, 2026, Susquehanna analyst Harrison Bauer raised the firm’s price target on Canadian Pacific Kansas City Limited (NYSE:CP) to $104 from $95 and maintained a Positive rating on the shares. Bauer said rail volumes appear to be running ahead of expectations, with ISM readings “encouraging” after expanding for five straight months. Bauer also noted there was no sign that higher fuel costs were weighing on industrial demand.
On June 2, 2026, Canadian Pacific Kansas City Limited (NYSE:CP) said it broke its May monthly record for transporting Canadian grain and grain products, moving 2.9 million metric tonnes in May 2026. The result topped the prior May tonnage record set in May 2020. The company also set a new May monthly carload record with 30,324 carloads, surpassing the previous high from May 2020. Through Week 43 of the 2025-2026 crop year, CPKC transported more than 25.3 MMT of Canadian grain and grain products.
Last month, Canadian Pacific Kansas City Limited (NYSE:CP) also said it broke its April monthly record for transporting Canadian grain and grain products, moving 2.9M metric tonnes in April. April carloads reached 30,381, also a new monthly record. CPKC said Q1 totals of 7.2 MMT surpassed the prior first-quarter record set in 2021, while Canadian grain and grain product volumes through the first 38 weeks of the 2025-2026 crop year reached more than 21.9 MMT.
Canadian Pacific Kansas City Limited (NYSE:CP) owns and operates a transcontinental freight railway in Canada, the United States, and Mexico.
6. Brookfield Infrastructure Partners L.P. (NYSE:BIP)
On May 26, 2026, CIBC raised the firm’s price target on Brookfield Infrastructure Partners L.P. (NYSE:BIP) to $45 from $44 and maintained an Outperformer rating on the shares. The firm updated its energy infrastructure models following Q1 reports and said midstream companies pointed to potential guidance upside if market conditions hold.
On May 20, 2026, Morgan Stanley analyst Robert Kad raised the firm’s price target on Brookfield Infrastructure Partners L.P. (NYSE:BIP) to $46 from $45 and maintained an Overweight rating on the shares.
Earlier, Brookfield Infrastructure Partners L.P. (NYSE:BIP) reported Q1 FFO of 90c, compared with the consensus of 89c. The company said strong growth across its operations was offset on a one-time basis by unrealized hedge losses in its midstream segment, driven by elevated commodity prices. CEO Sam Pollock said the company delivered strong Q1 results while advancing strategic initiatives, adding that partnerships with high-quality counterparties are becoming an increasingly important growth driver.
Brookfield Infrastructure Partners L.P. (NYSE:BIP) operates across utilities, transport, midstream, and data businesses.
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