Yjxo Is This Gold Bull Run Just Getting Started
If you plan on becoming financially independent, then it s essential that you invest in a Tax-Free Savings Account TFSA As its name suggests, any gains generated in this accounts can be withdrawn tax free. That includes any dividends that are received in a TFSA. That means investors could snowball their passive income much faster in a TFSA compared to a regular, taxable account.Potential TFSA investors should note, however, that Canadians have a limit
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on how much they can contribute into on
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e of these accounts. In 2023, Can
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adians were given an additional $6,500 of contribution room. However, if you ve never used a TFSA before, you could have up to $88,000 of room available. In this article, I ;ll discuss three dividend stocks you should buy with the money in your TFSA.Every dividend investor needs this stock in their portfolioFortis TSX:FTS is the first stock that dividend investors should consider buying in a TFSA. This company provides regulated gas and electric utilities to Affc Is Canadian Oil Sands Ltd. a Turnaround Play or a Sinking Ship
As oil approaches $55 in trading, it is clear that optimism in the energy sector is gaining momentum.Improved OPEC compliance, a report by the Energy Information Administration EIA , which indicated that crude inventories fell by 2.4 million barrels last week, and the risky geopolitical environment have all worked together to boost oil prices again.In fact, Western Texas Intermediate
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WTI prices have risen from lows of below $30 in January 2016 to current lev
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els of just shy of $55.Analysts are increasing their oil price forecasts, and we can expect estimates for energy co
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mpanies to rise. And with this, stock prices will also rise.So, in this scenario, here are the stocks to own:With oil-weighted production standing at 80% of production, Baytex Energy Corp. TSX:BTE NYSE:BTE is extremely well positioned to benefit from rising oil prices.Baytex is actually achieving operational momentum, with production of 72,811 boe/d in the second quarter of 2017 a 5% increase from the firs