Last week, the Bank of Canada slashed its benchmark interest rate by 25 basis points to 2.5% amid a weak labour market and easing inflation. Economists are predicting one more rate cut by the end of this year. With interest rates remaining low, investing in high-yield Canadian dividend stocks can be an effective way for…
After peaking in 2022, Canadian telecom stocks have hit a rough patch. The country’s Big Three players — BCE (TSX:BCE), Rogers Communications (TSX:RCI.B), and TELUS (TSX:T) — have delivered disappointing returns, badly underperforming the broader Canadian market. In contrast, a smaller but increasingly dominant rival, Quebecor (TSX:QBR.B), has surged ahead. So, which telecom stock is…
Telecom stocks are a steady and reliable source of dividend income for investors. Until something out of character happens, like what happened with BCE (TSX:BCE) stock. A massive dividend cut and many weak quarters later, many investors are understandably wary of BCE stock. If that’s you, forget about BCE and consider Telus (TSX:T) instead, a dividend…
Canadian investors are blessed with an abundance of stellar income-paying investments to make any account into a cash-pumping machine. Even better is when investors opt to invest in a TFSA, allowing that investment and future earnings to continue stacking tax-free. While there’s no shortage of great investments, here’s how I would use the entirety of…
On Wednesday, the Bank of Canada (BoC) cut its benchmark interest rate by 0.25% to 2.5%, marking another step in its cautious stance amid signs of economic weakness. With second-quarter data showing contraction and a softening job market, economists expect at least one more 0.25% cut — potentially in October or December, according to Reuters….
Despite the uncertain outlook due to rising geopolitical tensions and the impact of protectionist policies, the Canadian equity markets have witnessed healthy buying over the last few months, driving valuations of the Canadian companies higher. However, the following two Canadian stocks are still trading at more attractive valuations and offer compelling buying opportunities. Telus After…
The market is blessed with an abundance of great Canadian stocks. Among that list of stellar investments are several prime options that, given the opportunity, I’d hold forever. Here’s a look at a trio of those Canadian stocks I’d hold indefinitely, and why you should, too. Have you considered this stock lately? The first on…
The Bank of Canada has lowered its benchmark interest rate to 2.75% from 5% in April 2024. Moreover, economists are predicting two more rate cuts this year and expect the benchmark interest rate to fall to 2.25%. In this low-interest environment, investors can look at acquiring quality dividend stocks to boost their passive income. Meanwhile,…
Canadian retirees are searching for good dividend stocks to add to their self-directed Tax-Free Savings Account (TFSA) portfolios focused on generating reliable and growing passive income. This helps complement the Canada Pension Plan, Old Age Security, and company pensions. Despite the surge in the TSX over the past few months, investors can still get high…
Investing in stocks through a Tax-Free Savings Account (TFSA) is a smart strategy to generate tax-free returns. Further, using it to invest in top-quality dividend stocks, you can earn steady, tax-free income while growing your portfolio. The strategy is to focus on TSX stocks that offer high and sustainable dividend yields. These dividend stocks can provide…