Image source: Getty Images
Expectations for rate cuts in Canada and the United States are starting to bring bargain hunters back to dividend stocks that dropped over the past two years.
Investors who missed the recent bounce and are wondering which top TSX dividend stocks are still undervalued today and might be good to buy for their self-directed Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) accounts.
TC Energy
TC Energy (TSX:TRP) is up about 6% in the past month but still trades below $53 compared to more than $73 at the high point in 2022 before the Bank of Canada and the U.S. Federal Reserve aggressively raised interest rates.
Pipeline companies grow through a combination of acquisitions and organic growth projects. Debt plays a role in the financing of the growth initiatives, so a steep rise in borrowing charges can put pressure on projects that cost billions of…
