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Most stocks on the Canadian market ended the year 2023 on a surprisingly strong note, as growing hopes of upcoming interest rate cuts triggered a rally in growth stocks in the final quarter of the year. However, growth stocks have largely failed to maintain this optimism at the start of 2024 after the U.S. Federal Reserve’s latest meeting minutes hinted that interest rates may remain elevated for long if needed to fight persistent inflation. Considering this volatile macroeconomic scenario, it could be a good idea for investors to hold some reliable dividend stocks in their portfolios in 2024.
In this article, I’ll highlight two such trustworthy, high-yielding TSX dividend stocks you can buy today.
BCE stock
The verdant-headquartered communications giant, BCE (TSX:BCE), ended 2023 deep in the negative territory, despite the TSX Composite Index’s more than 8% rise during the year. The stock has slid…
