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An economy takes three years to recover from any major macro event. The year 2024 will likely mark a complete recovery as the lockdown is over, inflation has cooled, and interest rate easing will begin next year. The first half of 2024 could be challenging as we start off with a 5% interest rate. However, you could see a rally in dividend stocks on every interest rate cut. The market is hopeful for 2024 and could see a bull run in some sectors.
Dividend stocks to buy in 2024
The TSX is famous for its dividend aristocrats, especially in the energy and telecom segments. These stocks could rally to their normal trading price after a 2023 dip.
Pipeline stocks
Pipeline stocks like Enbridge (TSX:ENB) and TC Energy (TSX:TRP) fell 10% as the energy industry seriously started transitioning to greener alternatives. They have slowed their dividend growth and are revising their business models to sustain…
