TFSA Passive Income: 2 Canadian Stocks to Buy for Dividends

News Snapshot:

Retirees and other dividend investors are searching for good Canadian dividend stocks to buy for self-directed Tax-Free Savings Account (TFSA) portfolios focused on generating steady passive income. Fortis Fortis (TSX:FTS) is a Canadian utility company with assets located across Canada, the United States, and the Caribbean. The company’s businesses include natural gas distribution utilities, power generation facilities, and electricity transmission networks. Fortis is up 25% in the past year. The stock picked up a nice tailwind when the Bank of Canada and the U.S. Federal Reserve started cutting interest rates in the second half of 2024. Additional rate cuts appear...