Topic: How To Invest

What is Pat’s commentary for the week of January 26, 2021

Article Excerpt

We continue to recommend that most Canadian investors hold at least two or three of Canada’s Big Five banks (TD Bank, Bank of Nova Scotia, CIBC, Bank of Montreal and Royal Bank). That’s mainly because of their importance to the Canadian economy, plus their long history of dividend increases. I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on TD Bank. It explains why we still see TD as our #1 bank buy, and as an excellent cornerstone for any portfolio. We hope you enjoy this Spotlight Report and profit from it. INNER CIRCLE SPOTLIGHT REPORT ON TORONTO-DOMINION BANK: Toronto-Dominion Bank, $73.70, symbol TD on Toronto (Shares outstanding: 1.82 billion; Market cap: $133.5 billion; Financial sector; TSINetwork Rating: Above Average; Dividend yield 4.3%; www.td.com) took its current form on February 1, 1955, through the merger of the Bank of Toronto (originally founded in 1855) and The Dominion Bank (founded in 1869). It’s now Canada’s second-largest bank by market…

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