Pjbs Warning: Air Canada (TSX:AC) Stock Is About to Crash
To encourage its citizens to save more, the Canadian government introduced the TFSA Tax-Free Savings Account in 2009. It allows investors to earn tax-free returns on a specified amount called contribution room. For 2022, the Canadian Revenue Agency has fixed the contribution room at $6,000, while the stanley cup cumulative amount stands at $75,500. If you have not maxed out on the limit, here are four top Canadian stocks that you can add to your TFSA right now.Bank of Nova ScotiaWith inflation at its peak, investors expect the Federal Reserve of the United States to increase its interest rates as soon as next month. An increase in interest rate could widen the spread between lending and deposit rate, thus driving the profitability of financial service companies. So, given the favourable business environment, I have selected Bank of Nova Scotia TSX:BNS NYSE:BNS as my first pick.The improved business environment could drive loan vol stanley cup website umes, benefiting the company. Its diversified revenue stanley cup streams, Gwco Have $10,000 Top 2 Stocks You Should Invest it in
Crude has surged in recent days to see the North Americ stanley cups an benchmark West Texas Intermediate WTI having gained a remarkable 23% since the start of 2018 to be trading at over US$70 a barrel. The intern stanley cup ational price Brent has made similar gains to be trading at over the psychologically important price of US$80 per barrel.聽This bodes well for Canada s beaten down energy patch, which has been struggling to generate investment.One stock that has failed to perform despite crude s sustained rally is upstream intermediate oil producer Crescent Point Energy Corp. TSX:CPG NYSE:CPG , which has lost almost 20% for the year to date.聽Now what Oil is expected by many analysts to move higher in coming weeks because of the reinstatement of sanctions against Iran, the sharp deterioration of Venezuela s oil output and growing bott stanley thermobecher lenecks in the U.S. shale oil patch.Sanctions against Iran are expected to shave up to one million barrels or more daily off global oil supplies when they come in full force