skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. CM: I have a full position in CM and am up 58% in a taxable account. [Canadian Imperial Bank Of Commerce]

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I have a full position in CM and am up 58% in a taxable account. With CM tied more to the Canadian economy and with this economy on the verge of recession, would it make sense to take profits in CM, pay the tax and reinvest the money in RY or TD which have a larger stake in the US economy? CM has a larget dividend than RY but a lower one thanTD, although TD is affected by growth restrictions in the US. Or would you just ride CM?
Asked by Ken on January 06, 2025
5i Research Answer:
The Canadian banks do tend to perform similarly over time, and after taxes, we are not sure this...
Sign up today for a free 14-day trial and continue your reading!

We invite you to sign up for a 14 day free trial of 5i Research!
Experience all the benefits and tools we have to offer; unbiased stocks research, model portfolios, Q&A with our experts, and so much more. Join a community of like-minded investors today!