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Stock impact report

Top Canadian Stocks to Buy for Passive Income [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
With the Bank of Canada having lowered its benchmark interest rate nine times since June 2024, bringing it down to 2.25%, investors may want to accumulate dividend-paying stocks to enhance their passive income. However, dividends are never guaranteed, making careful stock selection essential. Investors should focus on quality companies with strong underlying businesses, reliable cash flows, consistent dividend growth, and attractive yields. Against this backdrop, here are my three top dividend stock picks. Enbridge Enbridge TSX:ENB ) stands out as one of the top Canadian dividend stocks for generating reliable passive income, supported by stable cash flows from long-term contracted businesses, solid growth prospects, and an attractive yield. The company operates a diversified asset base of more than 200 assets. It generates approximately 98% of its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) from regulated assets and long-term take-or-pay contr Show less Read more
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