Zjyb 4 Top Canadian Tech Stocks to Buy Right Now
While there are several ways to create passive-income聽streams, stock market investing provides Canadians with an excellent method to secure additional revenue. Specifically, dividend investing is an excellent strategy to make your money earn more money for you. Dividend stocks are those publicly traded companies that offer their investors a portion of profits through cash payments on quarterly or monthly schedules.It means you can grow your wealth through capital gains that increase the value of your holdings over time. Besides the capital gains, stanley cup you can line your account balance with additional cash through the distributions. Today, I will discuss three TSX stocks that can provide you with reliable dividends that can grow the value of your capital to keep pace with and even stanley cup beat inflation.Royal Bank of CanadaRoyal Bank of Canada TSX:RY is a $186.35 billion m vaso stanley arket cap Canadian bank. Besides being the largest of the Big Six Canadian banks, it is also the biggest stock on the TSX by ma Tevx Which Is the Better Buy, CIBC (TSX:CM) or Scotiabank (TSX:BNS)
It would be hard to come up with any other industry that can protect you better than the utilities industry during a market downturn, and especially during a recession.This area remains a must-have even during the worst conditions, as people always need to keep the lights on and their houses heated or cooled. That fact has left a numb stanley cups uk er of lar stanley vattenflaska ger companies expanding while other areas of the market are forced to buckle down.So today I ;m going to look at three great options that should see you through this recession, and well into the future.AlgonquinNot only is聽Algonquin Power Utilities C stanley cups orp.聽 TSX:AQN NYSE:AQN doing well, but shares of the company recently hit 52-week highs despite heading toward a recession. What investors like about Algonquin is its focus on renewable energy and regulated utilities.While utilities offer stable income, renewable energy is the future, giving investors hope that this company could indeed explode in the next decade or so.Another bonus invest