toronto-dominion bank
Toronto-Dominion Bank, commonly known as TD Bank, is a leading Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
Toronto-Dominion Bank (TD) was formed on February 1, 1955, through the merger of the Bank of Toronto (founded in 1855) and the Dominion Bank (founded in 1869) to create one of Canada’s largest banks. In 2000, TD acquired Canada Trust, forming TD Canada Trust, which now serves as its primary Canadian retail banking division. TD Bank is publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol “TD”.
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This month we feature a very high-yielding financial services ETF from Hamilton Capital Partners, and a top-performing North American value equity ETF from RBC.
HAMILTON CANADIAN FINANCIALS YIELD MAXIMIZER ETF $13.12 (Toronto symbol HMAX) invests in the top 10 Canadian financial services companies as measured by their total market value....
The Canadian economy ranks among the top 10 globally. It’s also considered to be in the top 25% of the most competitive economies in the world; it is highly rated for its ability to train and attract skilled workers.
However, after solid growth in 2021 to 2022, higher interest rates have slowed the domestic economy down—although elevated oil and gas prices are providing a measure of support.
We still recommend that most Canadians hold the bulk of their portfolios in dividend-paying Canadian stocks, or ETFs that hold those stocks....
However, after solid growth in 2021 to 2022, higher interest rates have slowed the domestic economy down—although elevated oil and gas prices are providing a measure of support.
We still recommend that most Canadians hold the bulk of their portfolios in dividend-paying Canadian stocks, or ETFs that hold those stocks....
Higher interest rates mean dividend-paying stocks must increasingly compete with fixed-income investments for investor interest. However, sustainable dividends still offer an attractive and growing income stream for investors.
Meanwhile, dividend-focused ETFs often follow strategies that can set investors up for maximum long-term gains with the least amount of risk....
The shares TD Bank have dropped 24% from their recent peak of $109 in February 2022. That’s mainly because rising interest rates have forced it set aside more funds for potential loan defaults. At the same time, higher interest rates could trigger a recession, which would cut demand for new loans....
TD 1ST PREFERRED CLASS A SERIES 1 $17 (Toronto symbol TD.PF.A) is a preferred-share issue from TD Bank (symbol TD on Toronto).
The TD Series 1 preferreds yield 5.3%. That’s higher than the 4.5% offered by the bank’s common shares.
Note, though, that preferred shares behave more like long-term, fixed-income instruments than short-term instruments....
The TD Series 1 preferreds yield 5.3%. That’s higher than the 4.5% offered by the bank’s common shares.
Note, though, that preferred shares behave more like long-term, fixed-income instruments than short-term instruments....
The large U.S.-based fund manager Fidelity has steadily expanded its ETF offerings—both in its home market and in Canada. Here’s a look at two of the six new Fidelity funds recently launched in the Canadian market.
FIDELITY GLOBAL INNOVATORS ETF $10.92 (NEO Exchange symbol FINN) invests globally in companies that the managers feel stand to benefit from the application of new technologies or that employ innovative business models.
The ETF launched on May 19, 2023, and holds $46.4 million in assets....
FIDELITY GLOBAL INNOVATORS ETF $10.92 (NEO Exchange symbol FINN) invests globally in companies that the managers feel stand to benefit from the application of new technologies or that employ innovative business models.
The ETF launched on May 19, 2023, and holds $46.4 million in assets....
High interest rates mean dividend-paying stocks must increasingly compete for investor interest with bonds and other fixed-income instruments. However, focusing on sustainable dividends still offers an attractive and growing income stream for investors—as long as you avoid the riskier strategies that some ETF managers use to boost their yields (see supplement on page 60).
Here are three ETFs that aim to provide high-yield exposure to Canadian, as well as U.S., dividend payers.
VANGUARD FTSE CANADIAN HIGH DIVIDEND ETF $42.00 (Toronto symbol VDY; TSINetwork ETF Rating: Aggressive; Market cap: $2.1 billion) tracks the FTSE Canada High Dividend Yield Index....
The top Canadian companies to invest in are mainly blue chip stocks with a proven history of success. Learn what to look for in these stocks now.
ENBRIDGE INC., $54.69, Toronto symbol ENB, is a buy.
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario.
With the March 2023 payment, Enbridge will raise your quarterly dividend by 3.2%....
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.8 million consumers in Ontario.
With the March 2023 payment, Enbridge will raise your quarterly dividend by 3.2%....
TD BANK, $89.53, (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $162.4 billion; TSINetwork Rating: Above Average; Divd. yield: 4.0%; www.td.com) is a buy. In 2015, the bank purchased retailer Nordstrom Inc.’s (New York symbol JWN) credit card portfolio....