The interest rate cuts announced by the Bank of Canada opened the floodgates for economic expansion. Lower key interest rates go beyond making things easier for the general consumer market. Lower borrowing costs also act as a tailwind for the equity security market. Since the announcement, the Canadian benchmark index has soared to newer all-time…
Slate Grocery REIT (TSX:SGR.UN) on the TSX stands out as a solid option for those looking to invest in the retail real estate sector. Focusing on grocery-anchored real estate in the United States, this real estate investment trust (REIT) benefits from stable tenant demand. Even in uncertain economic times. Groceries are essential, so grocery stores…
Growth stocks can sometimes be overlooked, especially when they face market volatility or industry-wide challenges. However, two TSX-listed stocks, goeasy(TSX:GSY) and OpenText (TSX:OTEX), appear to be prime examples of undervalued gems – ones that could offer substantial growth potential in the near future. Both growth stocks have faced their fair share of challenges recently. But…
Investing even a modest amount like $2,000 into a Tax-Free Savings Account (TFSA) can be incredibly useful in setting up long-term financial growth. A TFSA offers the unique benefit of tax-free growth. So any interest, dividends, or capital gains earned within the account are not subject to taxation. Over time, this compounding effect, free from…
The Tax-Free Savings Account (TFSA) is a must-use tool for Canadian investors looking to maximize their wealth while minimizing tax liabilities. By allowing you to save and invest without the burden of taxation on gains and income, the TFSA offers an excellent opportunity for wealth-building. However, it’s important to be mindful of potential losses, as…
Exchange-traded funds (ETF) can be the perfect way to accumulate passive income in your Tax-Free Savings Account (TFSA). These types of investments offer a simple, diversified way to invest in a whole collection of stocks or bonds without needing to pick individual ones. Whether you’re looking for dividend-paying stocks or bonds that provide steady interest,…
Valued at $21.6 billion by market cap, Brookfield Infrastructure Partners (TSX:BIP.UN) is among the largest companies in Canada. The TSX stock went public in early 2008 and has since returned close to 1,450% to shareholders in dividend-adjusted gains. Today, it trades 17% below all-time highs and remains a top choice for long-term investors. Here are…
Did you know that your CPP benefits go up a little bit each year because of inflation? Usually the increase is small enough on a month by month basis that you don’t really notice it. But if you take out your CPP cheques and look at them over a period of years, you’ll probably notice…
Age 54 is a crucial one when you’re planning for retirement. The coming years are your last chance to boost your pension payouts since you’re still working and are probably at the height of your income-earning potential. Taxes are also a factor to consider. The Canada Revenue Agency (CRA) offers several tax-saving instruments, such as…
Investing in a safe and promising long-term monthly dividend stock is like giving yourself a little financial bonus every month. The key benefit is that you get consistent income. It’s also a great way to ride out market volatility because while stock prices may fluctuate, those monthly payments keep coming. Some stocks even increase their…