Retirees: 2 Cheap Canadian Stocks With 7% Yields for Passive Income

A number of top Canadian dividend stocks are now trading at discounted prices and offer attractive yields for a self-directed Tax-Free Savings Account (TFSA) focused on passive income. Enbridge Enbridge (TSX:ENB) is a major player in the North American energy infrastructure industry. The company moves 30% of the oil produced in Canada and the United States and 20% of the natural gas used by Americans. Growth initiatives in recent years have shifted away from the construction of major pipelines to …