TSX Dividend Stocks to Eye as BoC hikes rates again

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TSX Dividend Stocks to Eye as BoC hikes rates again

Tuesday, June 1, saw the Bank of Canada (BoC) boost the interest benchmark rate yet again by half a point to 1.5 per cent. As inflation is rising, having spiked to 6.8 per cent in April, it is believed that interest rates can rise further in the coming months. Investors worried about more rate hikes could look at some quality dividend stocks that can enhance their income streams and strengthen their portfolios. Let’s explore two TSX financial stocks to consider amid inflationary pressure and higher interest rates in this video by Kalkine Media.

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