Written by Andrew Walker at The Motley Fool Canada
Income investors and those that use dividend stocks to build retirement funds have an opportunity to buy some top TSX dividend-growth stocks at discounted prices for their self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolios.
Enbridge
Enbridge (TSX:ENB) trades near $50 per share at the time of writing compared to $58 about this time two years ago. The stock is off the 12-month low at around $43, but more upside should be on the way.
Rising interest rates in Canada and the United States are largely to blame for the pullback that has occurred rather than any operational issues with the company. The Bank of Canada and the U.S. Federal Reserve raised interest rates aggressively in 2022 and 2023 to slow down the economy in an effort to get inflation under control.
These efforts are working. Inflation is down from 8% in…
