Where can I buy Fortis shares?

Through a CIRO-regulated broker offering access to the TSX, holding the share in Canadian dollars in a registered account such as a TFSA or RRSP, or in a non-registered account. Some international brokers also offer the share as a CFD, but they are not registered with CIRO and serve Canadian clients cross-border.

Is Fortis listed on the TSX?

Yes. Fortis trades under the symbol FTS on the Toronto Stock Exchange and is quoted in Canadian dollars (CAD).

Why is Fortis sensitive to interest rates?

As a regulated, debt-heavy, dividend-focused utility, Fortis tends to move with interest-rate expectations: higher rates make its dividend relatively less attractive and raise its financing costs, while lower rates tend to support the shares. This is a general observation, not a forecast.

Does HelloBrokers publish a price target for Fortis?

No. We do not publish price targets and we refuse to invent figures or a fake consensus. Where a credible, dated analyst view exists we cite the named source; otherwise we say there is none.

Share · TSX

Should you buy Fortis shares?

A regulated North American utility with a long track record of dividend growth, one of the more defensive names on the Toronto exchange. Here is our rating, the honest trade-offs, and how to buy the share from Canada.

Roch de Montesquieu Updated July 27, 2026

7.2/10 HelloBrokers rating

Key points

A regulated electric and gas utility operating across Canada, the US and the Caribbean.
A defensive, dividend-growth stock built on regulated, predictable cash flows.
A rate-sensitive name: high interest rates weigh on utilities and on financing costs.
Trade-offs: modest growth, a heavy debt load and dependence on regulatory decisions.

Fortis is a regulated electric and gas utility with operations across Canada, the United States and the Caribbean. It is listed on the Toronto Stock Exchange (TSX) and quoted in Canadian dollars. Because the bulk of its earnings come from regulated utility assets, its cash flows are relatively predictable, which has supported a long track record of steady dividend growth and made it a defensive holding. The trade-offs are modest growth, a heavy debt load typical of capital-intensive utilities, sensitivity to interest rates, and dependence on regulators for approved rates of return. Our rating follows the HelloBrokers methodology: we weigh the fundamentals, the competitive position and the risks, and we do not publish made-up price targets or a fabricated analyst consensus. Below we set out what we like, the risks to keep in mind, and the practical ways to buy the share from Canada through a CIRO-regulated broker.

Strengths

Regulated utility assets with relatively predictable cash flows
A long track record of steady dividend growth
Defensive profile that tends to hold up in downturns
Diversified across Canada, the US and the Caribbean

Watch-outs

Modest growth typical of a regulated utility
A heavy debt load from capital-intensive assets
Rate-sensitive: high interest rates weigh on utilities like this
Dependent on regulators for approved rates of return

Country 🇨🇦 Canada Listed on the TSX, quoted in CAD.

Market / ticker TSX: FTS Standard TSX symbol; also listed in the US.

Business Regulated electric and gas utility Operations in Canada, the US and the Caribbean as publicly reported.

Sector Utilities · Regulated electric and gas Business classification.

7.2/10

Defensive dividend-growth utility

A regulated utility with predictable cash flows and a long dividend-growth record, offset by modest growth, a heavy debt load and rate sensitivity. Our view weighs the defensive, income-growth appeal against those risks, without hype and without invented targets.

Best for Income-oriented investors who want a defensive dividend-growth utility, and accept modest growth and rate sensitivity. Not for Investors seeking high growth, or those uncomfortable with debt, regulation and interest-rate sensitivity.

This is analysis, not investment advice. The bull case: regulated utility assets with relatively predictable cash flows, a long track record of steady dividend growth, and a defensive profile that tends to hold up in downturns.

The bear case: growth is modest, the company carries a heavy debt load typical of utilities, and it depends on regulators for approved rates of return. As a rate-sensitive utility, its returns are also affected by interest-rate moves.

Overall we see Fortis as a defensive dividend-growth utility. It can suit an income-focused, long-term investor who values stability and understands the debt and rate risks. As always, we do not publish made-up price targets.

There are two main routes. For most Canadian investors the cash share through a regulated broker is the more suitable one. A broker comparison is below.

Cash / spot

Buy the cash share through a broker

Open an account with a CIRO-regulated broker and hold the share directly in Canadian dollars, with full shareholder rights and any dividends. You can hold it in a registered account such as a TFSA or RRSP, or in a non-registered account. In a non-registered account, capital gains are taxed in Canada under the standard 50% inclusion rate as per Canadian tax law (CRA), meaning half of a realised gain is added to your taxable income. This is the most direct way to invest for the long term. This is not tax advice.

CFD (leveraged)

Trade it as a CFD (leverage)

Some international brokers offer share CFDs. Leverage amplifies both gains and losses, the cost is the spread plus overnight financing, and you do not own the share. These international brokers are not registered with CIRO and serve Canadian clients cross-border. CFDs suit short-term traders who understand the risk; most retail CFD accounts lose money.

For most investors, buying the cash share through a CIRO-regulated broker and holding for the long term is the most suitable approach. Compare brokers below.

To buy Fortis, favour a CIRO-regulated broker with low fees and good coverage of Canadian shares. Compare them side by side below.

Compare brokers

: Through a CIRO-regulated broker offering access to the TSX, holding the share in Canadian dollars in a registered account such as a TFSA or RRSP, or in a non-registered account. Some international brokers also offer the share as a CFD, but they are not registered with CIRO and serve Canadian clients cross-border.
: Yes. Fortis trades under the symbol FTS on the Toronto Stock Exchange and is quoted in Canadian dollars (CAD).
: As a regulated, debt-heavy, dividend-focused utility, Fortis tends to move with interest-rate expectations: higher rates make its dividend relatively less attractive and raise its financing costs, while lower rates tend to support the shares. This is a general observation, not a forecast.
: No. We do not publish price targets and we refuse to invent figures or a fake consensus. Where a credible, dated analyst view exists we cite the named source; otherwise we say there is none.

Why trust the HelloBrokers view on this share

We are an independent editorial team. Fortis does not pay us, and we do not publish invented price targets or a fake analyst consensus. The rating follows our methodology; affiliate links to brokers fund our work but never change the conclusion.

This content is for information only and is not investment advice, a recommendation or an offer. Past performance does not guarantee future results. Investing in shares carries a risk of capital loss; CFDs amplify that risk. Do your own research and consult a qualified professional where needed.

Should you buy Fortis shares?

Fortis overview

Fortis at a glance