Author: Sophie Wilson
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TSX Today: What to Watch for in Stocks on Friday, October
The Canadian stock market continued to slide for a second consecutive session on Thursday as investors remained cautious amid mixed U.S. economic data and growing geopolitical tensions. The S&P/TSX Composite Index fell by 33 points, or 0.1%, settling at 23,969. Sector Performance While energy stocks benefited from a 3.8% surge in crude oil prices due…
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Top Canadian Gold Stocks to Buy Now
Investing in precious metals such as gold can help Canadians diversify their portfolios and lower overall risk. Currently, gold prices are trading near fresh all-time highs due to a combination of factors, including geopolitical tensions, lower interest rates, and a sluggish global economy. Historically, gold has demonstrated an ability to deliver inflation-beating returns to long-term…
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Oil Prices Soar Amid Middle East Tensions: Investing Opportunities in Canadian Oil Stocks
Oil prices have surged recently due to escalating tensions between Iran and Israel, raising concerns about potential supply disruptions. For investors who missed the recent bounce in TSX oil stocks, there are still opportunities to consider undervalued oil producers poised to benefit from any further price increases. Canadian Natural Resources (TSX: CNQ) Canadian Natural Resources…
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Top 3 Undervalued Stocks Under $500 You Should Consider Buying Today
The S&P/TSX Composite Index jumped nearly 26% over the past year, reflecting momentum in several Canadian stocks. While most TSX stocks have trended higher, shares of a few fundamentally strong companies still appear to be undervalued, offering a solid buying opportunity for long-term investors. If you’re considering an investment of $500, here are three no-brainer…
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A Top Telecom Stock Down 12%: A Great Buy-and-Hold Opportunity
The rising interest rates and inflation we’ve seen in the past few years have taken their toll on the market and individual stocks. But there is one stock down 12% this year that might be worth looking into: BCE (TSX). Here’s why you should consider it now. Meet BCE, a Troubled but Promising Stock Most…
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Maximize Your $6,000: Strategies to Generate $512.22 Annually in Tax-Free Income with a TFSA
The Tax-Free Savings Account (TFSA) is like the ultimate free pass to grow your money without the Fed taking a cut. Whether you’re racking up returns or collecting dividends, everything you earn inside your TFSA stays completely tax-free. This means you get to keep 100% of your gains, making it the perfect tool for building…
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Suncor (TSX) Is Up 22%: Should You Buy Now?
Investors who missed the recent rally in Suncor stock are left wondering if it’s still undervalued and a good buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) focused on dividends and total returns. Current Stock Performance Suncor trades near $53.50 as of this writing. The stock has jumped 8%…
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Investing in High-Yield Dividend Stocks: A Path to Significant Passive Income
Investing in high-yield dividend stocks can help generate significant passive income over time. However, investors should focus on shares of well-established companies with a solid dividend payment history, a growing earnings base, and a commitment to rewarding shareholders with regular payouts. Against this backdrop, here are three high-yield dividend stocks to buy right now. These…
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Canadian Energy Stocks: A Popular Choice for Investors Seeking Steady Dividend Income
Canadian energy stocks are increasingly favored by investors looking for reliable dividend income. Many companies in this sector have a solid track record of rewarding shareholders with consistent dividend payouts. Notably, several firms have not only maintained but also increased their dividends year after year, making them ideal investments for those seeking to build a…
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This TSX Stock Offers an Impressive 11.6% Monthly Dividend
Investing in monthly dividend stocks with an attractive yield enables you to begin a passive-income stream at a low cost. However, as dividends are not guaranteed, it’s crucial to identify companies that can maintain and grow these payouts over time. One TSX stock with a monthly dividend is Bridgemarq Real Estate Services (TSX), which offers…