Written by Andrew Walker at The Motley Fool Canada
Dividend stocks are back in the sights of TSX income investors who shifted to fixed-income alternatives, such as guaranteed investment certificates (GICs), over the past two years.
Investors who missed the latest rally in the share prices of many of the top Canadian dividend stocks are wondering which ones might still be undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA) focused on generating reliable passive income.
Bank of Nova Scotia
Bank of Nova Scotia (TSX:BNS) trades near $74 per share at the time of writing. The stock is up about 30% in the past year, but remains well below the $93 it reached in early 2022 before the big pullback began amid fears that rate hikes would trigger a recession.
The economic crash that some economists predicted hasn’t materialized and might not occur. In fact, most economists now anticipate a soft…
