The S&P/TSX Composite Index jumped nearly 26% over the past year, reflecting momentum in several Canadian stocks. While most TSX stocks have trended higher, shares of a few fundamentally strong companies still appear to be undervalued, offering a solid buying opportunity for long-term investors. If you’re considering an investment of $500, here are three no-brainer Continue reading
A Top Telecom Stock Down 12%: A Great Buy-and-Hold Opportunity
The rising interest rates and inflation we’ve seen in the past few years have taken their toll on the market and individual stocks. But there is one stock down 12% this year that might be worth looking into: BCE (TSX). Here’s why you should consider it now. Meet BCE, a Troubled but Promising Stock Most Continue reading
Maximize Your $6,000: Strategies to Generate $512.22 Annually in Tax-Free Income with a TFSA
The Tax-Free Savings Account (TFSA) is like the ultimate free pass to grow your money without the Fed taking a cut. Whether you’re racking up returns or collecting dividends, everything you earn inside your TFSA stays completely tax-free. This means you get to keep 100% of your gains, making it the perfect tool for building Continue reading
Suncor (TSX) Is Up 22%: Should You Buy Now?
Investors who missed the recent rally in Suncor stock are left wondering if it’s still undervalued and a good buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) focused on dividends and total returns. Current Stock Performance Suncor trades near $53.50 as of this writing. The stock has jumped 8% Continue reading
Investing in High-Yield Dividend Stocks: A Path to Significant Passive Income
Investing in high-yield dividend stocks can help generate significant passive income over time. However, investors should focus on shares of well-established companies with a solid dividend payment history, a growing earnings base, and a commitment to rewarding shareholders with regular payouts. Against this backdrop, here are three high-yield dividend stocks to buy right now. These Continue reading
Canadian Energy Stocks: A Popular Choice for Investors Seeking Steady Dividend Income
Canadian energy stocks are increasingly favored by investors looking for reliable dividend income. Many companies in this sector have a solid track record of rewarding shareholders with consistent dividend payouts. Notably, several firms have not only maintained but also increased their dividends year after year, making them ideal investments for those seeking to build a Continue reading
This TSX Stock Offers an Impressive 11.6% Monthly Dividend
Investing in monthly dividend stocks with an attractive yield enables you to begin a passive-income stream at a low cost. However, as dividends are not guaranteed, it’s crucial to identify companies that can maintain and grow these payouts over time. One TSX stock with a monthly dividend is Bridgemarq Real Estate Services (TSX), which offers Continue reading
3 Cheap TSX Stocks to Buy as the Canadian Market Continues to Rally
Amid the optimism over a 50 basis point interest rate cut by the United States Federal Reserve and expectations of further monetary easing initiatives, the Canadian equity markets have witnessed healthy buying last month, with the S&P/TSX Composite Index rising 3%. Meanwhile, the index is up 14.4% this year. Here are three stocks trading at Continue reading
2 High-Yield Dividend Stocks That Are Screaming Buys Right Now
The TSX Composite Index jumped by 9.7% in the third quarter of 2024, delivering its best performance in more than four years. With stocks trading near their all-time highs, many investors might feel that the opportunity to find undervalued assets has passed. However, many high-yield dividend stocks still offer a reliable way to generate passive Continue reading
This 8.3% Dividend Stock Pays Cash Every Single Month
When searching for monthly dividend stocks, it’s wise to focus on sectors known for their stability and consistent income. Here are three sectors to consider: Real Estate Investment Trusts (REITs) REITs are a top choice for monthly dividends because they collect regular rent from tenants. This reliable income stream allows many REITs to distribute monthly Continue reading