Written by Andrew Walker at The Motley Fool Canada
A number of top Canadian dividend stocks are now trading at discounted prices and offer attractive yields for a self-directed Tax-Free Savings Account (TFSA) focused on passive income.
Enbridge
Enbridge (TSX:ENB) is a major player in the North American energy infrastructure industry. The company moves 30% of the oil produced in Canada and the United States and 20% of the natural gas used by Americans. Growth initiatives in recent years have shifted away from the construction of major pipelines to exports, utilities, and renewable energy.
Enbridge purchased an oil export terminal in Texas and is a partner in the Woodfibre liquified natural gas (LNG) facility being built on the coast of British Columbia. The company is also in the process of finalizing its US$14 billion acquisition of three natural gas utilities in the United States. Demand for natural gas in…
