TD

TORONTO-DOMINION BANK, $83.77, Toronto symbol TD, is a buy.

The lender raised your quarterly dividend with the January 2023 payment by 7.9%. Investors now receive $0.96 a share instead of $0.89. The new annual rate of $3.84 yields a high 4.6%.

In March 2022, TD agreed to acquire U.S....
With the goal of tapping into the popularity of high-yield investments, RBC recently launched an ETF that invests in Canadian dividend-paying companies—but with a covered call strategy. Meanwhile, we also look at an ETF focused on using leverage in bull markets but switching to short positions in bear markets.


RBC CANADIAN DIVIDEND COVERED CALL ETF $20.07 (Toronto symbol RCDC) invests in large-cap, dividend-paying Canadian companies—and sells covered call options on its stock holdings.


The ETF launched in January 2023 with an MER of 0.64%....
TORONTO-DOMINION BANK, $89.05, Toronto symbol TD, is a buy.

In March 2022, TD agreed to acquire U.S. banking firm First Horizon Corporation (New York symbol FHN) for $13.4 billion U.S. The purchase will make TD’s banking operations the sixth largest in the U.S.

TD and First Horizon have agreed to extend the closing date to May 27, 2023....
TD BANK, $90.66, (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $165.5 billion; TSINetwork Rating: Above Average; Dividend yield: 4.0%; www.td.com) closed the acquisition of U.S....
Through a series of sharp interest rate increases to curb inflation, the Bank of Canada raised its benchmark rate from just 0.50% in March 2022 to today’s 4.50%.


Higher interest rates are generally good news for banks, as those lenders earn higher interest rates on their loans....
BANK OF MONTREAL, $132.29, Toronto symbol BMO, remains a buy.

This week, U.S. banking regulators approved the bank’s acquisition of California-based Bank of the West from France’s BNP Paribas.

Bank of the West provides a variety of retail and commercial banking services to over 1.8 million customers through 514 branches in 24 states, mainly in the Western and Midwestern regions of the U.S....
A: Hamilton Enhanced Canadian Bank ETF, $21.63, symbol HCAL on Toronto, (Units outstanding: 18.7 million; Market cap: $404.5 million; hamiltonetfs.com) aims to track the Solactive Canadian Bank Mean Reversion Index.

This index invests in the biggest six Canadian banks—Bank of Nova Scotia, Bank of Montreal, CIBC, Royal Bank, TD and National Bank....
ISHARES CANADIAN SELECT DIVIDEND INDEX ETF $28.00 (Toronto symbol XDV) lets you hold 30 of the highest-yielding Canadian stocks. The ETF also considers dividend growth and payout ratios to make its selections.


The weight of any one stock holding is limited to 10% of the fund’s assets....
Interest rates moved up substantially in 2022—the Bank of Canada raised its benchmark interest rate during the year to 4.25% in December from just 0.50% in March!


This has made it more attractive to invest in fixed-income instruments, including corporate and government bonds....
The major Canadian and U.S. stock markets, while still subject to volatility, continue to offer attractive returns for investors—and especially if you buy the top stocks. All in all, we think that if you can afford to stay in the market for several years or longer, now is a good time for new buying....