Image source: Getty Images The drop in rates offered on Guaranteed Investment Certificates (GICs) is driving new interest in top Canadian dividend stocks. Retirees can still get good deals on TSX dividend payers with long track records of distribution growth. BCE BCE (TSX:BCE) has taken a beating over the past two years. The stock slipped…
Image source: Getty Images Toronto-Dominion Bank (TSX:TD) and Royal Bank of Canada (TSX:RY) are the heavyweights of Canadian banking. As the nation’s largest companies by market cap, they make up outsized percentages of Canadians’ portfolios. In this article, I will explore the two big banks side by side, so you can decide which is the…
Investing in stocks provides an opportunity to achieve substantial capital growth. Historically, stocks with solid fundamentals have consistently delivered stellar returns, often surpassing other investment options. Therefore, despite the seemingly modest amount, allocating $1,000 into Canadian stocks has the potential to yield considerable returns over the years. With that in mind, here are the best…
Image source: Getty Images Tech stocks south of the border are feeling the heat as investors are worried about the possibility of a U.S. recession amid rising unemployment rates and slower consumer spending. However, the pullback allows investors to buy the dip and add quality stocks to their equity portfolio in August 2024. Here are…
Shares of Canadian e-commerce firm Shopify (TSX:SHOP) have been skyrocketing higher (by around 20%) following the release of some much better-than-expected second quarterly earnings results. Though it’s never a wise idea to “chase” any stock after a historic single-day rally, I still view SHOP stock as prime for picking as the company lifts off the…
Image source: Getty Images When you invest with a Registered Retirement Savings Plan (RRSP), you don’t pay any tax on the gains and income earned in the account. You do pay tax on the cash that you withdraw from the account. Compound income tax-free inside your RRSP However, if you don’t plan on withdrawing cash…
For investors looking to dominate the market in August, finding the Best TSX Stocks to buy and load up on during downturns is a great idea. Truth be told, most Canadian stocks have had a relatively strong year, with a number of defensive plays and companies providing meaningful dividend income seeing recent surges, alongside declining…
Image source: Getty Images How much cash do you need to live off of dividend income? It’s a question that many Canadians are asking these days. The Canada Pension Plan (CPP) doesn’t pay enough to live off of, and apart from the Government, employers don’t usually pay defined benefit (DB) pensions anymore. So, you need…
Image source: Getty Images. Recent rate cuts in Canada and expected cuts to interest rates south of the border in the coming months should provide additional support for TSX dividend stocks that are catching a new tailwind. Investors who missed the rally in the past few weeks are wondering which top Canadian dividend stocks are…
Starting a passive-income stream with practically any dividend stock is possible, but building a steady and reliable stream might require you to pick your dividend stocks more judiciously. You have to look into dividend sustainability so your passive-income stream doesn’t suddenly shrink if the company suspends or slashes its dividends. If you also want to…