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Stock impact report

Which TSX Stock is the Best Buy Today? [Yahoo! Finance Canada]

TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT) 
After Canada's inflation rate hit 2% in August 2024, matching the Bank of Canada's target for the first time since 2021, investors are speculating about potentially amplified interest rate cuts. This environment could benefit heavily leveraged TSX dividend stocks that have struggled with high financing costs during the recent rate hike cycle. Among these, TELUS TSX:T ) stock stands out as a compelling investment opportunity. Why consider TELUS stock right now? An investment in TELUS stock in September could set investors up for decades of lucrative passive income receipts every three months, potentially double their money in a decade, and introduce a defensive holding to a portfolio that could help better survive recessions. Let's look into the seven reasons you should buy the dividend aristocrat right now. 7 reasons to buy Telus stock in September An attractive dividend yield : TELUS stock currently offers a robust 6.8% annual dividend yield, providing significant passive Show less Read more
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