Canadian retirees and other dividend investors are wondering which TSX stocks might be good to buy right now for a self-directed Tax-Free Savings Account (TFSA) focused on passive income.
TC Energy
TC Energy (TSX:TRP) is up 40% in the past year. The stock’s strong rebound off an extended decline in 2022 and 2023 is welcome news for investors. More gains could be on the way.
TC Energy recently completed two large natural gas pipeline projects that will add important revenue this year. The 670 km Coastal GasLink project is already in commercial operation, connecting natural gas producers in Canada to the new LNG Canada liquified natural gas export facility on the coast of British Columbia. In Mexico, TC Energy is near commercial operation of its Southeast Gateway pipeline.
Looking ahead, TC Energy has an ongoing capital program that will see the company invest about $6 billion per year over the medium term. This should support…
