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No. of Recommendations: 2
Canadian banks in general have been run more conservatively and the dividends are not taxed if held in a tax deferred account.

Even if Canadian banks have been run more conservatively, I would be concerned about the Canadian economy with the continued closure of the US-Canadian border. According to this article https://www.thebalance.com/canada-economy-facts-and-outlook-... Canada's GDP in 2018 was $1.8T, of which $432B US ($584B CAD), or 24% was exports to the US. It doesn't look like the Canadian border will be re-opened until after the US gets the pandemic under control, and it doesn't look like the US is heading in that direction yet.

AJ
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