Many TFSA (Tax-Free Savings Account) holders hesitate to invest, fearing that the stock market’s ups and downs could put their hard-earned savings at risk. But the reality is that not all stocks carry high risk. In fact, several fundamentally strong Canadian companies have the potential to provide steady growth, reliable dividends, and long-term stability, making…
If you’ve got an extra $1,500 lying around, it may make sense to go for growth. If you’re a new investor who’s just getting started with self-guided investing, perhaps the many “growthy” tech plays are worth checking out at these levels. Indeed, we’re in the middle of an artificial intelligence (AI) revolution of sorts. While…
Image source: Getty Images There is no need to pick stocks — an exchange-traded fund (ETF) can do all the heavy lifting for you. And if you didn’t know, ETFs are eligible holdings in a Tax-Free Savings Account (TFSA), meaning your gains, dividends, and withdrawals are completely tax-free. If you want to grow a TFSA,…
When it comes to selecting a stock to buy and hold forever in your Tax-Free Savings Account (TFSA), Barrick Gold (TSX:ABX) stands out as a golden opportunity. So today, we’re not going to beat around the bush. Instead, let’s delve into why this Canadian mining giant deserves a permanent spot in your TFSA. The stock…
As we approach 2025, Tax-Free Savings Account (TFSA) investors looking for undervalued stocks with strong recovery potential should consider TFI International (TSX:TFII) and Bombardier (TSX:BBD.B). Both TSX stocks have faced challenges but are showing signs of resilience, making them compelling picks before they fully bounce back. TFII TFI International, a major player in transportation and…
Despite being a relatively small economy (at least compared to the U.S.), Canada has produced some exceptional businesses. Luckily for Canadians, there is no shortage of Canadian stocks that have delivered strong compounded returns over both the short and long term. Stocks that have a great record of performance tend to have a secret sauce…
The end of the tunnel is not near for Magna International (TSX:MG). Just when things start looking bright for light vehicle production, either the trend changes, the supply chain faces an issue, or the government policies change. The automotive components supplier has been through each and every crisis and survived thanks to its robust balance…
If you’re like me, you’re always looking for that investment that will you give a reliable and growing source of passive income. Thankfully, Canadian dividend stocks can provide us with this income stream. The trick is finding the right ones that will support our income needs today and in the future. Without further ado, here…
There’s no question that there’s been a significant divergence in stocks on the TSX in recent months. Some companies have been performing extremely well, while others continue to trade cheaply. However, with interest rates widely expected to continue declining, many of these discounts won’t last much longer. So, if you’re looking for high-quality growth stocks…
2025 could see a structural shift in Canadian stocks as the Bank of Canada cuts interest rates to boost consumption. The government has also reduced immigration targets to ease house prices. Moreover, Trump tariffs could create short-term tensions in export-led sectors, especially automotive. How to optimize Canadian investments for 2025 Navigating these macroeconomic factors, you…