TC Energy and Bank of Nova Scotia: Top Defensive Dividend Stocks for Uncertain Markets

The Canadian equity markets have been on an upward trajectory due to improving geopolitical conditions in the Middle East, with the S&P/TSX Composite Index gaining over 15% year-to-date.

However, despite this growth, persistent inflation and a slowing global economy continue to create uncertainty. In such a volatile environment, investors can consider defensive dividend stocks that offer stability and reliable income.

Two such stocks are TC Energy (TSX:TRP) and Bank of Nova Scotia (TSX:BNS). Both have strong business models and consistent dividend growth, making them ideal for income-focused investors seeking resilience amidst market volatility.