After rallying by almost 25% during the last 12 months, the TSX Composite benchmark is constant to the touch new file highs in September 2025. Whereas the macroeconomic atmosphere and international financial indicators are nonetheless unfolding in unpredictable methods, traders appear more and more keen to take dangers once more.

The rally feels broad-based, however that doesn’t imply all the pieces’s already costly. The truth is, many basically robust corporations nonetheless look undervalued primarily based on their long-term progress prospects.

So, on this article, I’ll stroll you thru two high TSX shares that seem like screaming buys, even because the index touches new all-time highs.

Alimentation Couche-Tard inventory

First up is Alimentation Couche-Tard (TSX:ATD), a high TSX-listed comfort retailer operator with a powerful worldwide presence and a sensible growth technique. ATD inventory at present trades at $73.21 per share, giving it a market cap of round $68.5 billion.

Regardless of the broader market rally, Couche-Tard inventory nonetheless sits about 13% under its 52-week excessive, which makes it interesting for long-term traders on the lookout for worth. It additionally pays a quarterly dividend, with a 1.1% annualized yield.

Couche-Tard operates greater than 17,000 places throughout 29 nations. Within the newest quarter led to July 2025, the corporate’s complete income fell 5.1% YoY (12 months over 12 months) due primarily to decrease common gas costs. However, its gross revenue nonetheless climbed by 4.4% from a 12 months in the past with the assistance of improved meals phase execution and disciplined expense management.

At the same time as weaker client spending continues to take a toll on Couche-Tard’s financials, it’s persevering with to take a position for the longer term. For instance, its latest US$1.6 billion acquisition of 270 GetGo websites within the U.S. was a significant transfer that not solely expands its footprint however provides it entry to a profitable meals and loyalty platform.

General, Couche-Tard’s robust stability sheet, disciplined price construction, and renewed give attention to meals, gas, and tech-driven comfort make it a high TSX inventory to purchase whereas it’s nonetheless buying and selling under its peak.

Brookfield Infrastructure inventory

Now, let’s have a look at Brookfield Infrastructure Companions (TSX:BIP.UN), an income-generating TSX inventory that’s nonetheless buying and selling properly under its highs. This infrastructure large has a powerful portfolio of belongings in utilities, transport, midstream, and information — working throughout the Americas, Europe, and Asia-Pacific.

Buying and selling about 16% under its 52-week excessive, Brookfield Infrastructure inventory is at present priced at $42.45 per share, giving it a market cap of $27.7 billion. At this market worth, it additionally affords a stable 5.6% annualized dividend yield, paid quarterly.

Within the second quarter of 2025, Brookfield Infrastructure posted a pointy enhance in its internet revenue to US$69 million, as its funds from operations additionally jumped 5% YoY. Inflation-linked pricing, robust utilization in transport, and better exercise in its midstream belongings had been among the key causes behind this robust efficiency.

Apart from these components, Brookfield can also be making large strategic strikes. For instance, it lately closed a US$9 billion acquisition of Colonial, the most important refined merchandise pipeline in the US. Equally, it additionally signed offers to purchase a number one U.S. fibre supplier and a significant North American railcar leasing platform. Altogether, these signify over US$1.3 billion in capital deployment for Brookfield Infrastructure.

With dependable money circulate, a wealthy dividend, and publicity to key sectors benefiting from long-term traits like digitalization and power transition, Brookfield Infrastructure seems like one other high TSX inventory you should buy — particularly at present ranges.