1: A Canadian "Inflation Killer" Yielding 7.7% Let's start off north of the border with pipeline firm Pembina Pipeline (PBA). It's an ideal inflation hedge, as it benefits as rising oil and gas prices prompt shippers to boost production back to pre-pandemic levels, something the Canadian Association of Energy Contractors expects to happen later this year. That means we're basically getting these stocks, including Microsoft (MSFT), France-based pharma giant Sanofi SA (SNY) and British spirits maker Diageo (DEO), for 91 cents on the dollar!