Image source: Getty Images On Friday, the Canadian equity markets continued their uptrend, with the S&P/TSX Composite Index touching a new high amid solid September employment numbers in the United States. Meanwhile, the index is up over 15% for this year. Despite the uptrend, the following three TSX stocks are trading over 20% lower than…
Image source: Getty Images There are a decent number of high-yield energy stocks in Canada, but not all of them offer a healthy mix of yield, solid dividend histories, and stability. A few are worth buying in almost any given market, regardless of whether they are bullish or discounted. One mid-stream giant to buy Enbridge (TSX:ENB)…
Image source: Getty Images Aiming for a million-dollar Tax-Free Savings Account (TFSA) sounds amazing in theory. It’s like the golden ticket to tax-free wealth! But the pursuit of that lofty goal can sometimes trip investors up. It’s easy to get overconfident, chase risky trends, or forget basic things like diversifying your portfolio and keeping an…
All working Canadians aged 18 to 65 who earn over $3,500 annually must contribute to the Canada Pension Plan (CPP) retirement pension. Contributions past 65 are voluntary for users working until 70. The CPP pegs the standard retirement age at 65, but you can start payments at 60. There’s a delay option, too, although very…
Image source: Getty Images The Canadian equity markets are upbeat amid the United States Federal Reserve’s 50 basis points interest rate cut last month. The S&P/TSX Composite Index is up 14.4% for this year. However, the escalating Middle East conflict is a cause for concern. Given the uncertain outlook, investors should look to buy quality…
Retirees and other self-directed Tax-Free Savings Account (TFSA) investors are searching for reliable dividend stocks on the TSX to add to their portfolios focused on passive income. Fortis Fortis (TSX:FTS) trades near $62 per share at the time of writing. The stock is up about 22% in the past year, but it is still below…
Image source: Getty Images. What do you look for in a stock you are planning on holding for decades, virtually forever? Stability is a well-understood trait, but if the stock is too stable and offers very limited growth, you will most likely lose money holding it, especially once you account for inflation. If you add…
The Canada Revenue Agency (CRA) has given you a limit of $7,000 you can invest in the Tax-Free Savings Account (TFSA) in 2024. However, you can increase this limit by reinvesting your earnings from the investment. For instance, if your $7,000 investment earns you a 7% yield of $490. Instead of withdrawing the dividend, you…
Image source: Getty Images Valued at $2.4 billion by market cap, Brookfield Business Partners (TSX:BBU.UN) has trailed the broader markets since its initial public offering in 2016. The TSX stock has returned 70% to shareholders in the last eight years after adjusting for dividend reinvestments. However, it trades 23% below all-time highs, allowing you to buy the dip…
Image source: Getty Images In 2024, the average Registered Education Savings Plan (RESP) balance for Canadian families is around $30,000. However, this can vary depending on how early the plan was started and contributions made. Even so, with government grants and investment growth, many families aim for that sweet spot to cover a chunk of…