You don’t need thousands of dollars to start investing. Sometimes, all it takes is a bit of curiosity, a smart pick, and maybe $300. And if you’re looking for a Canadian stock that offers stability, growth potential, and passive income, Hydro One (TSX:H) is a top contender right now.
The stock
Hydro One might not be flashy. It’s not a tech rocket or a cannabis wild card. What it is, though, is reliable. It keeps the lights on, literally, for much of Ontario. The Canadian stock transmits and distributes electricity to nearly 1.5 million customers across the province. That kind of consistent demand doesn’t vanish in a recession or slow when interest rates rise. People still charge their phones, run their dishwashers, and turn up the heat in winter. And that’s what makes Hydro One such an attractive option for a long-term investor, especially if you’re just getting started with a smaller amount.
With a share price of…
