Current economic events are leading to Candian dollar weakness. It may lead to a massive earning increase for Canadian banks for their investment abroad in US dollar thus a great potential for capital gain in Canadian banking sector.
However, Canadian banks should be looked for pemanent cash cows due to their high dividend yiels. Here is data for top five banks:
Royal Bank (RY) 3.82 %
Bank of Montral (BMO) 4.39%
CIBC (CM) 4.39%
Bank of Nova Scotia (BNS) 4.2%
TD Canada Trust (TD) 4.02%
Another Great Bank with high yield is:
Laurentian Bank (LB) 4.43%
Giving interest rates in Canada are all time low, high yielding stock with stable financial health are a great way to boost income.
However, Canadian banks should be looked for pemanent cash cows due to their high dividend yiels. Here is data for top five banks:
Royal Bank (RY) 3.82 %
Bank of Montral (BMO) 4.39%
CIBC (CM) 4.39%
Bank of Nova Scotia (BNS) 4.2%
TD Canada Trust (TD) 4.02%
Another Great Bank with high yield is:
Laurentian Bank (LB) 4.43%
Giving interest rates in Canada are all time low, high yielding stock with stable financial health are a great way to boost income.
