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Canada is getting pummeled!

Posted on 1/30/15 at 9:14 am
Posted by bayoubengals88
LA
Member since Sep 2007
18881 posts
Posted on 1/30/15 at 9:14 am
Their banks present really good buying opportunities. Some are approaching 4-5 year lows as they are down 3-4% today.

Scotiabank BNS
Royal Bank of Canada RY
Toronto Dominion TD

Great dividends (even before the dip) and very low p/e's right now.

If you want exposure to all five major Canadian banks take a look at iShares EWC which is also very cheap right now (heavy oil and financials).
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80755 posts
Posted on 1/30/15 at 9:17 am to
BNS has been on my short list since you mentioned them last year. A 5.5% dividend is amazing

ETA: Dividend.com says 5.5%...google and seekingalpha says 4.58%. Which is it?
This post was edited on 1/30/15 at 9:19 am
Posted by bayoubengals88
LA
Member since Sep 2007
18881 posts
Posted on 1/30/15 at 9:19 am to
quote:

BNS has been on my short list since you mentioned them last year.
This bank is a dividend investor's dream. It has been a joy seeing this one drop from $68 last summer to $47 today.
This post was edited on 1/30/15 at 9:20 am
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 1/30/15 at 9:24 am to
The CAD is getting pummeled by the USD and it doesn't look like that's going to change anytime soon. Canadian banks are going to be effected by this, which is causing the drop in their stock prices
Posted by bayoubengals88
LA
Member since Sep 2007
18881 posts
Posted on 1/30/15 at 9:56 am to
quote:

The CAD is getting pummeled by the USD and it doesn't look like that's going to change anytime soon. Canadian banks are going to be effected by this, which is causing the drop in their stock prices
Thanks. This could last a while right?
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 1/30/15 at 10:04 am to
All signs are pointing to a strong USD in the future. Things could change but it doesn't seem so, at least in the short term.
Posted by Feed Me Popeyes
Baltimore, MD
Member since Apr 2008
2104 posts
Posted on 2/2/15 at 3:51 pm to
Does anybody know why EWC is down ~10% over the last few months, while VCE is actually up 3% during the same period? Their holdings are nearly identical
Posted by RollTide4Ever
Nashville
Member since Nov 2006
18302 posts
Posted on 2/2/15 at 11:56 pm to
I see Usd falling in response once fed announces the next qe if a recession becomes official.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72460 posts
Posted on 2/3/15 at 6:57 am to
quote:

Dividend.com says 5.5%...google and seekingalpha says 4.58%. Which is it?



check out dividata.com
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