Image source: Getty Images
Interest rates have probably peaked and any hint of rate cuts rate in 2024 could push the share prices of oversold Canadian dividend stocks much higher in the coming year.
Investors who missed the recent bounce off the 2023 lows are wondering which top TSX dividend stocks are still undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio.
Enbridge
Enbridge (TSX:ENB) is a good example of a top Canadian dividend stock that declined considerably as interest rates increased over the past year. The stock started to recover in recent weeks, as the market began to position for the end of rate hikes in Canada and the United States.
Enbridge trades near $47 per share at the time of writing. The stock topped out around $59 in June 2022. The recent bounce could be the beginning of a steady recovery through most of next year if economists…
