Canadian pensioners are searching for top high-yield TSX dividend stocks to generate passive income inside a self-directed Tax-Free Savings Account (TFSA).
Bank of Nova Scotia
Bank of Nova Scotia (TSX:BNS) trades near $67 per share at the time of writing. The stock is down 13% in 2025, giving investors who missed the big rally last fall another chance to buy the stock at a discounted price.
The bank is working through a strategy transition that will see Bank of Nova Scotia invest more capital in the United States and Canada and move away from Latin America, where the bank spent billions on acquisitions over the past 20-30 years.
Bank of Nova Scotia has already started its U.S. expansion through the US$2.8 billion purchase of a 14.9% stake in KeyCorp, an American regional bank. In Canada, Bank of Nova Scotia created a new executive position last year to oversee expansion in Quebec. The bank has also indicated that it sees growth…
