Image source: Getty Images Toronto-Dominion Bank (TSX:TD) is in an intriguing position for investors right now. The bank, a staple of Canadian finance and one of the “Big Five” banks in the country, has seen its stock decline by about 17% this year as of writing. Yet for long-term investors, this downturn could be the…
Falling stock prices can be tough for investors to stomach. However, there are opportunities hidden within these challenges. Here are two magnificent dividend stocks on the Toronto Stock Exchange (TSX) that have fallen by over 22%, offering investors an attractive opportunity to buy and hold for the long term. TD Bank: A dividend giant with…
Canadians can use their Tax-Free Savings Account (TFSA) limit to build diversified portfolios of investments to meet their retirement goals. A TFSA is useful for anyone who wants to get tax-free income in retirement to complement earnings from other sources, including Canada Pension Plan (CPP), Old Age Security (OAS), Registered Retirement Savings Plans (RRSPs), and…
TD Bank (TSX:TD) and Bank of Nova Scotia (TSX:BNS) are the second- and third-largest Canadian banks by market capitalization right now, respectively. The stocks have delivered very different performances this year, and investors are wondering if TD stock or BNS stock is currently undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA)…
Image source: Getty Images In the world of Canadian financial stocks, Toronto-Dominion Bank (TSX:TD) and Manulife Financial (TSX:MFC) are top dividend payers. While both are blue-chip stocks, their market performance and future growth potential diverge. TD Bank has been stuck in a sideways range for over two years, while Manulife has surged following a breakout…
Contrarian investors are searching for undervalued dividend stocks that could deliver attractive total returns over the next few years. The TSX trades near its record high, but some top Canadian dividend stocks are down in recent months, offering some decent potential upside. Canadian Natural Resources Canadian Natural Resources (TSX:CNQ) is down about 15% from the…
There’s more than a few great dividend options on the market right now. There’s also one magnificent Canadian stock that is trading down nearly 9% this year and has insane long-term potential. That stock is Toronto-Dominion Bank (TSX:TD) and here’s why this magnificent Canadian stock belongs in your long-term portfolio. Meet TD Bank a magnificent…
Figuring out the best stock to buy right now is never an easy task. But it’s one that’s well worth the effort, as it can help us maximize our investment returns. Let’s take a look at two stocks in one of the most lucrative industries, the financial industry. Which one is the best stock to…
Over the last year, the performance of Canadian bank stocks has been mostly good despite the many macro-economic concerns. This speaks to the financial strength of the Canadian banking system, as well as the optimism in the market. But what should we do about Canadian bank stocks now? Canadian bank stocks remain a core holding…
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…