The 5.5% Dividend Stock Set to Dominate the TSX

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Image source: Getty Images.

The broader TSX Index is in a pretty strange spot right now, now off just over 4% from all-time highs hit just a few weeks ago. Meanwhile, the U.S. stock markets are blasting off, and they really don’t seem to be looking back, with tech in the driver’s seat. I have no idea if the run will continue at this pace into year’s end or if we’re going to be in for a nasty pullback come the summer or autumn.

Regardless, Canadian investors can’t help but wonder if the TSX Index, which is heavy in financials, materials, and energy, will be able to keep up from here. If not, perhaps many investors are wondering if it’s better to swap the loonies for greenbacks so that they can buy the U.S. AI stocks, even as they go parabolic to new heights.

Value and underrated growth on the TSX

In this piece, we’ll focus more on dividend (yield) and value versus just sheer momentum. Perhaps a…

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