The Globe and Mail reports in its Saturday, Sept. 7, edition that the Bank of Canada's recent interest rate cut may boost economic activity and lower borrowing costs but it will also make finding attractive dividend stocks more challenging. The Globe's David Berman writes that less than a year ago, inflation was high, interest rates were at a two-decade high of 5 per cent, and market sentiment was based on the belief that rates would remain higher for longer than expected. Big dividends were for the taking. In October, 2023, Fortis's dividend yield was 4.7 per cent, Canadian Imperial Bank of Commerce had a yield of 7.5 per cent and TC Energy yielded 8.2 per cent, to name just three payout stars. The higher-for-longer chant, however, is fading. So are many of the big dividend yields that appealed to investors last year. Fortis now yields 3.9. CIBC's yield is now 4.5 per cent. The low-hanging fruit is gone. More broadly, the iShares S&P/TSX Composite High Dividend Index ETF, an exchange traded fund that provides exposure to 75 stocks, has gained 18 per cent since October. The move has reduced the indicated yield from 6 per cent to 5.2 per cent. That is just half a percentage point above the yield at the end of 2019.