Page 31 - Fool Canada News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Image source: Getty Images. When Bitcoin (BTC) soared 96% to US$57,539.95 on February 21, 2021, from the beginning of the year, cryptocurrency investors said it’s no longer hype. The rally gave the impression the world’s most popular digital currency is past the area of vulnerability. Crypto bulls were ecstatic, because the digital asset is marching towards broader acceptance. Among the institutional giants that embraced Bitcoin were payment giants PayPal and Square. Even Tesla’s chief executive Elon Musk bought US$1.5 billion worth of Bitcoin in February 2021 and...

Image source: Getty Images Despite the recent run-up in the Canadian stocks, I see multiple stocks trading cheaper and offering excellent value. Apart from trading cheaper, these stocks offer solid growth opportunities and are likely to deliver robust returns in the long term. Let’s delve deeper into the four top undervalued Canadian stocks you could consider buying right now. Scotiabank Scotiabank(TSX:BNS)(NYSE:BNS) stock has witnessed strong growth in the recent past thanks to the improving operating environment. Notably, its stock trades at a significant discount from...

Image source: Getty Images Several Canadian companies have been consistently paying dividends for a very long period. However, I have shortlisted three top TSX stocks that have the potential to maintain and uninterruptedly grow their dividends for a very long time. Thus, investors on the lookout for stocks that could generate a solid passive-income stream could consider buying these three stocks right now.  Moreover, I would recommend investors hold these stocks in a Tax-free Savings Account (TFSA), as the dividend income and capital gains will not be taxed.  Algonquin P...

Enbridge While this stock had a rough run over the past year, the outlook for the second half of 2021 and beyond should be better. The rebound in oil prices and rising fuel demand bode well for Enbridge’s oil pipeline network. Enbridge is a major player on the oil side of the energy infrastructure sector, moving roughly 25% of all oil produced in Canada and the United States. Vaccination progress on COVID-19 should result in more travel as people book flights to go on trips and workers head back to the office. A surge in demand for jet fuel and gasoline in the coming months is expected. Enb...

If you're worried about Bitcoin's volatility, you could consider diversifying into passive ETFs like the iShares S&P/TSX 60 Index Fund (TSX:XIU).