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Toronto-Dominion Bank (The) (TD $100.69)
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Bank of Nova Scotia (The) (BNS $74.67)
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Bank of Montreal (BMO $155.66)
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Canadian Imperial Bank Of Commerce (CM $100.04)
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National Bank of Canada (NA $140.85)
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Royal Bank Of Canada (RY $131.76)
Q: Wondering you thoughts on the Canadian banks. I currently hold TD and CBIL.
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Bank of Nova Scotia (The) (BNS $74.67)
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Canadian Imperial Bank Of Commerce (CM $100.04)
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Power Corporation of Canada Subordinate Voting Shares (POW $53.41)
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EQB Inc. (EQB $100.56)
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Harvest Tech Achievers Growth & Income ETF (HTA $18.55)
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CI Tech Giants Covered Call ETF (TXF.B $26.26)
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MDA Space Ltd. (MDA $38.99)
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Propel Holdings Inc. (PRL $36.29)
Q: Hi 5i,
In registered accounts I hold these financials: POW, BNS, CM, EQB, PRL; these tech: TXF.B, HTA and the industrial MDA. I've held them for a long time and I'm pleased with all of them.
However, given Trump may be serious about decimating the Canadian economy (witness latest threatened increase in steel and aluminum tariffs) and likely can do a lot of damage even if he doesn't completely succeed, I'm considering cashing in holdings in Canadian names and replacing with US names through purchasing CDR's (I don't have a US account and don't plan on opening one). A few of questions arise:
1. Do you think my reasoning makes sense, or would it be an over-reaction to make the move regarding all or some of my above holdings?
2. If the move is worth considering, can you suggest CDR alternatives for any of the above names you think should be replaced?
3. If I do replace any of the above CDN names with equivalent or nearly so CDR's, what can I expect regarding dividend income compared to that from the CDN holdings (all of which - except MDA - are currently yielding based high, based on long ago purchase prices)?
Please deduct as you see fit.
Thanks 5i,
Peter
In registered accounts I hold these financials: POW, BNS, CM, EQB, PRL; these tech: TXF.B, HTA and the industrial MDA. I've held them for a long time and I'm pleased with all of them.
However, given Trump may be serious about decimating the Canadian economy (witness latest threatened increase in steel and aluminum tariffs) and likely can do a lot of damage even if he doesn't completely succeed, I'm considering cashing in holdings in Canadian names and replacing with US names through purchasing CDR's (I don't have a US account and don't plan on opening one). A few of questions arise:
1. Do you think my reasoning makes sense, or would it be an over-reaction to make the move regarding all or some of my above holdings?
2. If the move is worth considering, can you suggest CDR alternatives for any of the above names you think should be replaced?
3. If I do replace any of the above CDN names with equivalent or nearly so CDR's, what can I expect regarding dividend income compared to that from the CDN holdings (all of which - except MDA - are currently yielding based high, based on long ago purchase prices)?
Please deduct as you see fit.
Thanks 5i,
Peter
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Royal Bank of Canada (RY $180.37)
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Enbridge Inc. (ENB $60.97)
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Canadian Imperial Bank Of Commerce (CM $100.04)
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TC Energy Corporation (TRP $64.78)
Q: Re: DRIPS; for a well balanced retirement account what are your favorites DRIPs ? What about for a young persons TFSA that may not be touched for a long time ?
Thank you.
Thank you.