Often, when looking for stocks to buy, Canadian investors focus on some of the hottest names with significant growth potential. However, as important as it is to have high-quality growth stocks in your portfolio, steady and reliable dividend powerhouses are also some of the most important Canadian stocks you can own.
Owning defensive companies with reliable earnings that can consistently increase their dividends can help power your portfolio to significant gains, particularly over the long haul.
And while growth stocks can help lead to significant gains during economic expansions and market rallies, reliable dividend stocks are key to helping you earn a return when the economy is struggling and the stock market is flat or temporarily declining.
So, with that in mind, if you’re looking to shore up your portfolio today and boost the passive income your holdings generate, here are two Canadian dividend stock powerhouses that not only…
