Toronto-Dominion Bank
These six ETFs hold mostly blue-chip stocks that are widely traded on Canadian and U.S. exchanges. Each ETF mirrors, or tracks, the performance of a major stock market index. That’s different from narrower indexes that focus on resources or themes such as solar power or biotech.
Of course, you pay brokerage commissions to buy and sell these ETFs....
Of course, you pay brokerage commissions to buy and sell these ETFs....
All five of Canada’s big banks have moved up strongly in the past year, as demand for new mortgages and loans remained strong. They have also built up their online and mobile banking operations, which will cut their future operating costs. We like all of them, but TD and Bank of Nova Scotia are our favourites for new buying.
ROYAL BANK OF CANADA $88 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.5 billion; Market cap: $132.0 billion; Price-to-sales ratio: 3.7; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.rbc.com) paid $5.5 billion U.S....
ROYAL BANK OF CANADA $88 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.5 billion; Market cap: $132.0 billion; Price-to-sales ratio: 3.7; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.rbc.com) paid $5.5 billion U.S....
A: The iShares 1-5 Yr Laddered Corporate Bond Index ETF, $18.98, symbol CBO on Toronto (Units outstanding: 106.9 million; Market cap: $2.0 billion; www.blackrock.com/ca), invests in a portfolio of short-term and medium-term corporate bonds....
TD BANK $60.42 (Toronto symbol TD; Shares outstanding: 1.9 billion; Market cap: $112.8 billion; TSINetwork Rating: Above Average; Dividend yield: 3.6%; www.td.com) owns 42.35% of TD Ameritrade Holding Corp. (Nasdaq symbol AMTD), one of the largest online brokerage firms in the U.S.
The bank and Ameritrade have announced a deal to jointly acquire Scottrade Bank....
The bank and Ameritrade have announced a deal to jointly acquire Scottrade Bank....
We’ve recommended buying the five top Canadian bank stocks since the 1970s, but not everyone has agreed with that advice
TORONTO-DOMINION BANK $58 (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.9 billion; Market cap: $110.2 billion; Price-to-sales ratio: 3.4; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.td.com) continues to expand in the U.S., which now accounts for 30% of its profits....
TD BANK $58.18 (Toronto symbol TD; Shares outstanding: 1.9 billion; Market cap: $108.4 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.td.com) has acquired Albert Fried & Co., a small brokerage firm based in New York City. The bank has yet to reveal the purchase price....
The big banks in Canada face several challenges. These include low interest rates, which cut the amount they earn on new loans, and competition from smaller firms that use new online technologies (called “fintech”) to attract customers.
However, they (including CIBC—see page 91) are cutting their costs and making acquisitions....
However, they (including CIBC—see page 91) are cutting their costs and making acquisitions....
These six ETFs hold mostly blue chip, widely traded stocks on Canadian and U.S. exchanges. All of them mirror, or track, the performance of major stock market indexes. That’s opposed to narrower indexes focused on, say, resources or themes such as solar power or biotech....
ISHARES MSCI CANADA INDEX FUND $25.31 (New York symbol EWC; buy or sell through brokers; ca.ishares.com) holds the stocks in the Morgan Stanley Capital International Canada Index. The fund has a 0.48% MER and yields 1.6%. It began trading on March 12, 1996....