The market correction in some sectors is giving contrarian investors an opportunity to buy good TSX dividend stocks at discounted prices for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio.
Canadian National Railway
Canadian National Railway (TSX:CNR) operates roughly 20,000 route miles of tracks that cross Canada from the Pacific to the Atlantic and run down through the United States to the Gulf Coast. The company moves 300 million tons of cargo every year, ranging from crude oil, coal, and cars to fertilizer, forestry products, and finished goods.
The company’s rail network is vital to the smooth operation of the American and Canadian economies.
CN’s share price has been on a downward trend for the past year. The 2024 decline is attributed to disruptions caused by labour disputes at both CN and ports. Wildfires in Alberta also impacted operations last summer. Customers…
