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The unexpected rebound on the TSX in late 2023 surprised many dividend-focused investors, leaving them to ponder which Canadian dividend stocks still offer value for inclusion in a Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP). Here, we explore two undervalued TSX dividend stocks that could be enticing for investors seeking income and potential total returns. Image Credit: Pexels 1. Enbridge ( TSX:ENB ) Trading around $48, Enbridge presents an attractive opportunity compared to its peak of $59 in 2022. While recognized as a prominent oil pipeline operator in Canada and the United States, Enbridge has diversified its portfolio with renewable energy and natural gas divisions. Future growth is anticipated to be driven significantly by these segments. Enbridge's strategic moves include the pending acquisition of three natural gas utilities in the United States for US$14 billion, positioning the company as the largest natural gas utility in North America....

In a riveting development on Tuesday's trading session, the S&P/ASX 200 Index (ASX: XJO) and the majority of ASX 200 shares witnessed substantial gains. As the ASX 200 approaches the brink of surpassing its all-time record high, currently at 7,596.3 points with a 0.23% increase, attention is now focused on the outstanding performances of key players, notably within the banking sector. Notably, ASX NAB (National Australia Bank) has also contributed to the momentum, adding to the intrigue surrounding the market's dynamic movements. Image Credit: Pexels National Australia Bank Ltd (ASX: NAB) Takes the Lead NAB shares took investors on a rollercoaster ride today. As the ASX 200's second-largest bank by market capitalization, NAB commenced the day with vigor, reaching an impressive $32.34 per share—a new pinnacle for the last 52 weeks. However, the enthusiasm waned, and NAB shares are currently down 0.16%, resting at $32.09 per share. Nevertheless, the achievement of a new ...

The TSX (Toronto Stock Exchange) energy market is undergoing turbulence, driven by high interest rates, inflation, and geopolitical issues. Amidst this uncertainty, two key players, Parkland (TSX:PKI) and Arc Resources ( TSX:ARX ) , find themselves at pivotal points. This article explores the current dynamics, offering insights for investors navigating through these contrasting scenarios. Image Credit: Pexels 1. Parkland (TSX:PKI): Weathering the Storm Activist Demands Shake the Ground Calgary's Parkland faces upheaval as activist investor Engine Capital LP calls for a comprehensive board overhaul. The recent resignation of two board members has fueled discontent, with Engine Capital advocating for the largest shareholders to spearhead a board reconstitution. The year-long demand for a strategic shift, including the sale or spin-off of Parkland's refinery, adds complexity. Investors may find themselves at a crossroads, grappling with the potential impact of these activist-drive...

In a notable development for ASX 200 investors, Mineral Resources Ltd ( ASX: MIN ) released its quarterly update, sending ripples of excitement through the market. The Mineral Resources share price is experiencing a significant surge, currently trading at $59.45 per share, marking a remarkable 7.2% increase from its previous closing at $55.47. Image Credit: Pexels 1. Upbeat Performance Across Segments Mining Services Division Shines Mineral Resources reported a robust 9% quarter-on-quarter increase in production volumes for its Mining Services division, reaching an impressive 72 million tonnes. The company's iron ore shipments also saw a substantial uptick, rising by 23% from the prior quarter to 4.8 million wet metric tonnes, fetching an average quarterly price of US$119 per dry metric tonne. 2. Onslow Iron Project: On Track and Within Budget Project Milestones The company's Onslow Iron project in Western Australia is progressing swiftly and is anticipated to be delivered wel...

In the world of TSX dividend stocks , identifying hidden gems with promising growth potential is a strategy that can yield significant returns. One such potential star on the Toronto Stock Exchange (TSX) is Alaris Equity Partners Income Trust (TSX:AD.UN). With a forward yield of 8.3%, this Canadian stock presents a compelling case for investors seeking high dividends and significant upside in 2024. Image Credit: Pexels Exploring Alaris Equity Partners: A Deep Dive Alaris Equity Partners, boasting a market capitalization of $750 million, operates as a private equity company specializing in management buyouts and growth capital investments. Distinguishing itself from start-up or turnaround investments, Alaris focuses on companies with stable financials, avoiding sectors with declining asset bases, such as oil and gas. The company's investment approach involves providing alternative financing to companies seeking capital for partial liquidity, recapitalization, and growth. By securing...

Achieving a passive income doesn't necessitate billionaire status; in 2024, even with a modest investment, individuals can set out on the path to financial freedom. Drawing inspiration from Warren Buffett's principles of embracing the seemingly mundane, adopting a long-term perspective, and disregarding market fluctuations, we delve into the process of constructing a dependable passive income stream, commencing with just $7,000. In this journey, consider the inclusion of ASX-listed Yellow Brick Road Holdings Limited ( ASX: YAL ) as a potential component for financial resilience. Image Credit: Pexels Warren Buffett's Investing Wisdom Before delving into the practical steps, let's heed the advice of Warren Buffett, the Oracle of Omaha. His timeless nugget of wisdom encourages investors to embrace the "boring," maintain a long-term perspective, and remain unfazed by market volatility. Building a Diversified Passive Income Portfolio While the temptation may be st...

Unlocking the potential of compound interest is a strategic pursuit, vividly illustrated by the impressive performance of low-volatility stocks such as Loblaw. With a compound annual growth rate (CAGR) of nearly 18% over the last five years, Loblaw showcases the power of sustained growth. Envision the possibilities - a $10,000 investment in Loblaw doubling in value within that timeframe. Looking beyond Loblaw, the TSX hosts growth stocks with robust fundamentals. Among them, goeasy ( TSX:GSY ) stands out, demonstrating the potential to outpace broader equity markets and deliver a substantial return on investment. Image Credit: Pexels Spotlight on Canadian Growth Stocks In the quest for substantial wealth creation, two Canadian growth stocks stand out, exhibiting the potential for an average annualized return exceeding 21% by 2030. This implies the transformative ability to turn a $10,000 investment into more than $31,000. Goeasy (TSX: GSY) Positioned as a premier non-prime consumer le...

The ASX trading floor witnessed a spectacle as both Cobre Ltd (ASX: CBE) and BHP ( ASX: BHP ) experienced unprecedented surges. Cobre soared by an impressive 112.2% in less than half an hour, propelled by a groundbreaking announcement. This unexpected turn of events saw Cobre's shares rise from the previous day's closing at 4.1 cents to the current 8.7 cents per share. Image Credit: Pexels BHP's 2024 Xplor Program The spotlight is on Cobre as it secures a coveted spot in BHP Group Ltd's (ASX: BHP) prestigious 2024 Xplor program. Tailored for emerging players in critical minerals, this initiative is a catalyst for accelerating operations and fostering potential long-term collaborations. With a six-month duration, the program includes a substantial non-dilutive funding injection of US$500,000 from BHP, complemented by access to internal expertise and a global supplier network. Turbocharging Kitlanya West Project Cobre strategically earmarks the funds for its Kitlanya Wes...

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As Canadian retirees seek stability and income in their portfolios, the quest for TSX stocks boasting robust dividend records becomes paramount. While the Q4 2023 rally altered the landscape, opportunities persist for investors to discover resilient Canadian dividend stocks trading at appealing valuations. Two such contenders, BCE and TC Energy, stand out, offering attractive yields with the promise of future growth. Image Credit: Pexels 1. BCE ( TSX:BCE ) – Canada's Communication Giant Market Overview: BCE, Canada's largest communications firm, presents an intriguing proposition with a current market cap of approximately $51 billion. The stock, though recovering from its late 2023 momentum, remains below its 2023 peak, offering potential upside. Business Dynamics: Challenges in BCE's media segment impacted revenues as advertisers adjusted budgets. However, the digital platforms witnessed growth, compensating for the legacy media struggles. BCE's core mobile and interne...