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Stock impact report

TFSA Dividend Income: 2 Solid Canadian Dividend Stocks for Retirees to Own Now [Yahoo! Finance Canada]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
Market volatility is tough to watch for people who rely on their Tax-Free Savings Account (TFSA) stock holding to generate reliable income. In the current environment, it makes sense to look for good TSX dividend-growth stocks that have solid track records of raising the distributions in challenging economic conditions. Enbridge Enbridge TSX:ENB ) is up 30% in the past year and not far off the 12-month high. Pipeline stocks are benefitting from reduced interest rates in Canada and the United States. Energy infrastructure firms, like Enbridge, borrow money to build out large projects that often cost billions of dollars and can take years to finish. When interest rates soared in 2022 and 2023, these stocks took a hit. Enbridge fell from $59 to as low as $44 in 2023 before the new rally began when the Bank of Canada and the U.S. Federal Reserve said they were done raising interest rates in their battle against inflation. Falling interest rates have also led to lower rates offere Show less Read more
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