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I appreciate your candor in putting your portfolio here for us to critique. I too am looking at adding TD to my portfolio. However, I'm not sure the timing is right now. Why do you think this is the right time?

Interest rates were just raised in Canada. Both companies and individuals will be putting off taking out new loans and paying those that they already have off even faster now. There's talk that interest rates could be raised again in March. Historically, interest rate increases have not been good for the banks. Less business means less profit. The one good factor to consider is that of the loans they already have outstanding, profits will now be higher.

Of all the banks to invest in, I agree with you that TD is the best choice at the moment. But I'm struggling with making the decision to buy now.

Appreciate your reply.
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