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!
Canadian bank stocks are true blue chip stocks and have long been a top choice for growth and income. Today’s economic uncertainty doesn’t change that
We’ve long recommended that all Canadian investors own two or more of the Big Five Canadian bank stocks — Bank of… Read More
These two blue chip ETFs hold mostly large-capitalization, widely traded stocks on the Canadian exchange. Both funds mirror, or track, the performance of major stock market indexes as opposed to narrower ones focused on resources or themes, such as solar power or biotech.
Blue chip ETFs… Read More
More and more, exchange-traded funds (ETFs) are finding their way into the portfolios of investors.
That’s because, unlike many other financial innovations, they don’t load you up with heavy management fees, or tie you down with high redemption charges if you decide to get out of them… 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
We’ve long said that the top five Canadian banks tend to leapfrog each other in investment desirability. That’s why we suggest that most Canadians own two or even three of them—including Bank of Nova Scotia. Its cheap price, prospects for growth and its high yield… Read More
ROYAL BANK OF CANADA, $148.98, 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 trade… Read More
Mean reversion strategies are easy to understand, but that doesn’t mean you can make money
Mean reversion strategies assume big moves will eventually reverse, at least in part. That’s in contrast to momentum strategies, which assume big moves will continue in the same direction for lengthy… Read More
BANK OF NOVA SCOTIA, $63.68, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $77.8 billion; TSINetwork Rating: Above Average; Divd. yield: 6.7%; www.scotiabank.com) recently announced that it was shifting its business away from under-performing Latin American markets (Mexico, Peru, Colombia… Read More
TC ENERGY INC., $49.73, Toronto symbol TRP, remains a buy.
TC generates steady cash flow for investors mainly through a 93,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and nine… Read More
A: Hamilton Enhanced Canadian Bank ETF, $21.04, symbol HCAL on Toronto (Units outstanding: 25.3 million; Market cap: $532.3 million; hamiltonetfs.com), aims to track the Solactive Canadian Bank Mean Reversion Index.
This index invests in the biggest six Canadian banks—Bank of Nova Scotia, Bank of Montreal, CIBC,… Read More
Learn everything you need to know in 'The Best Blue Chips for Canadian Investors' FREE Special Report from The Successful Investor.
Canadian Blue Chip Stocks:
Bank of Nova Scotia, CP Rail, CAE Inc. and more.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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What Choices Do I Have?
Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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