Founded in Halifax, Nova Scotia in 1832, The Bank of Nova Scotia, Toronto exchange symbol BNS, is Canada’s third-largest bank by assets. It is also commonly known as Scotiabank.
Bank of Nova Scotia is one of our top picks among Canada’s big-five banks, due to its wide international exposure. The Bank of Nova Scotia has four major business units, Canadian Banking, International Banking, Global Wealth & Insurance, and Global Banking & Markets.
We believe Canada’s big banks are still well positioned to weather any downturn in the Canadian economy, contrary to some pessimistic forecasts on the banks’ prospects in the business media. They trade at attractive multiples to earnings and continue to raise their dividends. Canadian banks are perfect for investors who are looking for a long-term investment in the Finance sector.
Bank of Nova Scotia was our TSI Network #1 Stock Pick of the Year in 2013 and our #1 Safety-conscious Buy for 2014. Canadian banks are some of our most recommended stock picks. Investors should consider adding them to their long-term investment portfolios and also keep TSI Network’s three-part Successful Investor philosophy in mind:
Discover how to build a winning portfolio with Canadian stocks in this free special report, Canadian Stock Market Basics: How to Trade Stocks and Make Good Investments in Canada, from TSI Network. And it’s yours FREE!
We’ve long recommended that most Canadian investors own two or more of the Big Five Canadian bank stocks—Bank of Nova Scotia, Bank of Montreal, CIBC, TD Bank and Royal Bank. Simply put, they are some of the best stocks for dividends
Banks remain key lower-risk investments… Read More
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or subindex. They hold a more or less fixed selection of securities representing the holdings that go into calculating the index or sub-index.
Today, we look at two Canadian ETFs… Read More
ROYAL BANK OF CANADA, $164.08, Toronto symbol RY, is a buy.
With the August 2024, payment, Royal raised your quarterly dividend by 2.9%. Investors now receive $1.42 a share instead of $1.38. The new annual rate of $5.68 yields 3.5%. The bank also announced a new… Read More
Bank of Nova Scotia and insurer Great-West are leading competitors in their respective markets; look for that to cut your ongoing risk. Still, for now, we see Great-West as a hold, while Bank of Nova Scotia remains a buy.
BANK OF NOVA SCOTIA, $68.69, is a.. Read More
These two Canadian ETFs track Canada’s best-established indexes and provide low-fee exposure to widely traded blue chip stocks.
When you invest in ETFs, simpler is generally better. And each of these two Canadian ETFs provides a straightforward approach to investing in a selection of Canada’s top… Read More
Canadian Tire has offered our investors so much more than hammers and nails. The stock’s up over 1,022% since we first recommended it in The Successful Investor in April 1995.
A strong long-term growth plan that includes store, online business and private-label brand upgrades should… Read More
ROYAL BANK OF CANADA, $162.98, Toronto symbol RY, is a buy.
On March 28, 2024, Royal completed its purchase of the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC) for $15.5 billion.
HSBC operates 130 branches that mainly cater to businesses in industries that… Read More
Here are 5 Canadian dividend stocks we recommend holding in your portfolio despite economic uncertainty
One of the key points in our three-part investment advice is to invest mainly in well-established dividend-paying stocks. The COVID-19 pandemic and the resulting inflation and challenging economy highlight the value… Read More
BANK OF NOVA SCOTIA $63 is a buy. The bank (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $75.6 billion; Price-to-sales ratio: 2.3; Dividend yield: 6.7%; TSINetwork Rating: Above Average; www.scotiabank.com) has agreed to acquire a 14.9% stake in U.S.-banking… Read More
ROYAL BANK OF CANADA, $146.35, Toronto symbol RY, is a buy.
With the August 2024 payment, Royal will raise your quarterly dividend by 2.9%. Investors will then receive $1.42 a share instead of $1.38. The new annual rate of $5.68 yields 3.9%. The bank also plans to… Read More
Learn everything you need to know in '7 Winning Strategies for Dividend Investors' FREE Special Report from The Successful Investor.
The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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