The Tax-Free Savings Account (TFSA) is a popular registered account in Canada, allowing residents to hold various asset classes. Moreover, any gains generated in this account are exempt from taxes, making the TFSA ideal for growth investors. Most Canadians use the TFSA to buy TSX stocks and mutual funds. However, you can diversify your equity…
With market turbulence often on the horizon, savvy Canadian investors are on the lookout for resilient opportunities to grow their portfolios. If you’re sitting on $2,000 and pondering where to invest, two mid-cap Canadian stocks might just be the ticket. Tamarack Valley Tamarack Valley Energy (TSX:TVE), a Calgary-based oil and gas company, has been making…
In the ever-evolving landscape of international trade, recent developments have cast a spotlight on Canadian companies. Stocks like Wheaton Precious Metals (TSX:WPM) and Topicus.com (TSXV:TOI) are now coming into focus. With U.S. president Donald Trump implementing new tariffs on imports from Canada, Mexico, and China, investors are keen to understand how these measures might impact…
Amid the uncertainty surrounding equity markets due to protectionist policies, the S&P/TSX Composite Index is down 1.5% over the last month. However, year-to-date, the index is up 1.1%. Meanwhile, the following three Canadian stocks have bucked the downtrend and continued enhancing shareholder returns, given their solid financials and healthy growth prospects. Celestica Celestica (TSX:CLS) is…
Cameco (TSX:CCO), one of the world’s largest uranium producers, has long been a staple in Canada’s resource sector. Recently, its stock has taken a hit, creating an opportunity for long-term investors looking for exposure to the nuclear energy market. While short-term volatility has led to a pullback, Cameco stock’s fundamentals remain strong, thus making it…
Investing in quality dividend stocks with monthly payouts is a proven strategy for beginning a low-cost passive-income stream. As dividend payouts are not guaranteed and can be revoked if a company’s financials deteriorate, it’s essential to identify stocks that have showcased an ability to maintain and even increase these payments over time. Exchange Income (TSX:EIF)…
So, you’ve got $30,000 burning a hole in your pocket and you’re eyeing the Canadian stock market? Well, today let’s chat about three mid-cap gems that might just make your investment journey a tad more exciting. Those top Canadian stocks being Cargojet (TSX:CJT), Exchange Income (TSX:EIF), and goeasy (TSX:GSY). Cargojet Cargojet is Canada’s leading provider…
In the bustling world of transportation and logistics, TFI International (TSX:TFII) has long been a stalwart, steering through the highways and byways of North America with commendable prowess. Yet, even the most seasoned drivers encounter bumps in the road. Recently, TFI’s stock took a notable detour, sliding from its 52-week high of $220.93 to a…
The Tax-Free Savings Account (TFSA) is one of the most powerful tools a Canadian can use to maximize long-term investment wealth creation. When a stock is purchased inside a TFSA, all income (capital gains, interest, and dividends) is tax-free. The TFSA is an investor’s best friend That means you keep all your gains inside the…
Image source: Getty Images Exchange-traded funds (ETFs) continue to be a preferred investment vehicle for many investors looking for exposure to the market. Whether an investor is looking to actively pick individual stocks or simply own the market, there’s a place in every investor’s portfolio for ETFs. These funds can allow investors to build a…