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After consistently sliding for three months in a row, the stock market in Canada stabilized a bit in November 2023, as cooler inflation numbers strengthened the possibility that the Bank of Canada will soon start slashing interest rates. Although the U.S. Federal Reserve in its latest economic projections also pointed towards the possibility of multiple rate cuts in 2024, unpredictable commodity prices amid the ongoing economic uncertainties and geopolitical tensions could still keep most TSX stocks volatile in the near future.
Given such uncertain market conditions, holding some quality Canadian dividend stocks in your portfolio could be of great help. This is mainly because you can expect to earn steady passive income from reliable, large-cap dividend stocks, even if the economic weakness continues to pressure their share prices.
In this article, I’ll highlight two of the best Canadian dividend stocks…
