Higher interest rates have more or less triggered lower stock valuations, which provides a good opportunity for investors to buy income stocks for more passive income. Here are a few top TSX passive-income stocks that conveniently pay out cash every month! Exchange Income Corporation Exchange Income Corporation (TSX:EIF) consists of a diversified portfolio of operating subsidiaries in the aviation and industrial manufacturing industries. It aims to acquire profitable companies that generate quality, durable cash flows and have the potential for organic growth. Its 18 subsidiaries deliver esse ..read more

The market continues to recover this month, and we’re still heading towards the holiday season. Some stocks saw an increase over the weekend as the market responded to Black Friday and Cyber Monday sales. However, others still offer quite the opportunity as cheap TSX stocks to consider buying today. So today, let’s look at some recovering cheap TSX stocks that investors can buy right now. goeasy One of the best options for investors to consider right now is goeasy (TSX:GSY). The loan provider has been making a massive comeback over the last few months, receiving “buy” recommendations from an ..read more

Finding a great dividend stock these days can make all the difference. That’s especially as more and more analysts and government agencies believe we’re in for a far more positive future. One that could involve a bull market very soon. This is why investors should consider picking up a dividend stock for massive passive income these days. Because right now, many are down, offering returns on top of that dividend yield. And here is one I would pick up immediately for 2024. A recovery REIT If you’re going to look for a solid dividend stock, then I would consider real estate investment trusts (R ..read more

Investing in dividend stocks is a low-cost way to create a passive stream of recurring income. While it’s crucial to identify companies that offer you a tasty dividend yield, they also need to be armed with robust balance sheets and sustainable payout ratios. Investors can either choose to withdraw dividends or reinvest them to buy additional shares of the company, increasing your payouts consistently over time. Here are two of the best TSX dividend stocks I plan on holding forever. Enbridge stock Among the largest energy infrastructure companies globally, Enbridge (TSX:ENB) pays shareholders ..read more

Canadian National Railway (TSX:CNR) is a barometer for the Canadian economy. Moving a wide range of products across the country, it captures the movements of goods and tells a story. And the story it has told in the last year is one of an economic slowdown. After a decline of 10% in the last year, is CNR stock a good buy candidate? The Canadian economy As we know, the Canadian economy has been hit with inflation and soaring interest rates. Today, inflation remains above the target range and interest rates are much higher than a few years ago. This changes everything. Consumers are more cautio ..read more

If you’re looking for a deal, now is the time to get one. That’s especially true if you’re a retiree with a Tax-Free Savings Account (TFSA). Canadian investors have been seeking out dividend stocks all over the place, but haven’t really taken into consideration the growth that’s coming. This, too, is passive income that retirees should consider when making their investments. So today, we’re going to look at two Canadian stocks that remain incredibly cheap for retirees to consider. Ones that offer dividend income, but also superior growth – growth that looks to stand the test of time. So let ..read more

Are you interested in obtaining Canada Pension Plan (CPP) disability benefits? If so, you may want to pay attention to how much such benefits can pay you. If you’re disabled, you can get some disability benefits from the CPP program. However, the amount is meagre, and applying for such benefits while not actually being disabled can get you in trouble. If you make a fraudulent CPP disability benefits claim, you may have to pay back the benefits you earned. With that major caveat out of the way, here’s how much money you can earn in monthly CPP disability benefits. Up to $1,538 per month Accord ..read more

Is your active or regular income sometimes insufficient to cover necessary expenses and others? Fortunately, there’s a way to boost monthly income and avoid financial dislocation or living from paycheck to paycheck. Consider dividend investing if you have idle or free cash to spare. The Toronto Stock Exchange (TSX) has plenty of dividend-paying stocks that deliver income streams if you need them. Freehold Royalties (TSX:FRU) and Atrium Mortgage Investment Corporation (TSX:AI) are sound choices today and even pay monthly dividends. With an average dividend yield of 8.08%, a combined investme ..read more

The tech rebound seems to be in full swing, with mega-cap tech strength starting to spread to some of the smaller players in the sector. Undoubtedly, Shopify (TSX:SHOP) is Canada’s tech heavyweight, with its impressive footing in the e-commerce market. Shopify stock As Shopify continues to invest in payment tech, it can easily expand its market. Undoubtedly, the e-commerce market touches many other high-tech corners that could unlock new growth sources. Of course, artificial intelligence (AI) seems to be a growth lever that most others are eager to pull right now. In many ways, the AI rush is ..read more

Recognizing businesses with a consistent track record of strong financial performance is key to building substantial wealth in the long run. The TSX boasts numerous such firms with solid fundamentals and an ability to generate robust financial results unaffected by economic fluctuations. As a result, investors looking to grow their savings through equity investments can confidently consider the shares of those Canadian corporations.  In light of this, here are five Canadian stocks you can confidently invest $500 in right now to beat the broader markets over time.Â&n ..read more