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No. of Recommendations: 2

Jim Gilles, who ran one of the very successful TMF managed portfolio services before it was shuttered, now works for TMF Canada. He is quite bullish on Canadian banks. After some exploration I purchased some Bank of Nova shares in a retirement account. Dividends are decent, Canadian banks in general have been run more conservatively and the dividends are not taxed if held in a tax deferred account.

This article is more than a year old but makes some of the same point Gilles makes in his pitch for Canadian banks.

BNS does have exposure to some Latin American economies and in Canada, the real estate market. This more recent article by a TMF writer I am unfamiliar with outlines some of the risks and advantages.

If you have access to the MF live broadcasts, Jim Gilles has discussed Canadian Banks frequently. Unfortunately I haven't found a decent way to search the content of the live broadcasts

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