Skip to main content
No. of Recommendations: 2
Chuck,

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.

https://realmoney.thestreet.com/investing/stocks/look-north-...

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.

https://www.fool.ca/2020/05/26/why-is-scotiabank-tsxbns-stoc...


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

David
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.