Are canadian bank stock safe from Humpty Trumpty?

[jeff2]

Yes, the CDN dividend tax credit has helped me save a lot of money in income tax. I also don't own any US securities whatsoever. I'm not a licensed financial advisor, and I've never understood converting cdn to US dollars etc I also know that the bank adds their fees to the currency exchange, as well. I'm just comfortable sticking with CDN dividend etfs, and cdn covered call etfs. I sort of use a hybrid approach. I also don't own any bonds whatsoever.

It's kind of liberating being in charge of your own portfolio. It makes me watch the stock market everyday, like a "hawk." The way I look at it, even if I make some investment mistakes (which I certainly have), at least I don't have to pay a financial advisor, any fees etc
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Yeah. I wish we had more multi baggers in Canada. I missed out on Constellation Software so I picked up some it's smaller European cousin Topicus when it down at S 67.00. Wish I bought more though.

 

[HungSowel]

Yes, the CDN dividend tax credit has helped me save a lot of money in income tax. I also don't own any US securities whatsoever. I'm not a licensed financial advisor, and I've never understood converting cdn to US dollars etc I also know that the bank adds their fees to the currency exchange, as well. I'm just comfortable sticking with CDN dividend etfs, and cdn covered call etfs. I sort of use a hybrid approach. I also don't own any bonds whatsoever.

It's kind of liberating being in charge of your own portfolio. It makes me watch the stock market everyday, like a "hawk." The way I look at it, even if I make some investment mistakes (which I certainly have), at least I don't have to pay a financial advisor, any fees etc

You can use a currency broker like Knightsbridge or you can do Norbert's gambit to exchange USD/CAD cheaply.

In an RRSP account, US dividends paid to you do not get hit with a 15% withholding tax. For me, my RRSP is all US dividend stocks, If I am going to hold US dividend stock then in a RRSP is the most optimal place IMHO.

 

[Zoot Allures]

Banks are safe from tariffs but a trade war will push Canada into a deep recession experts agree.
This could cause loan defaults. This would send bank stocks into a downturn,.

You could just ignore the chaos and ride the dividends until recovery

 

[lomotil]

Banks are safe from tariffs but a trade war will push Canada into a deep recession experts agree.
This could cause loan defaults. This would send bank stocks into a downturn,.

You could just ignore the chaos and ride the dividends until recovery

After the election, expect Trump to break his ominous silence towards Canada amp up the attacks towards annex Canada and expect Smith in Alberta to hit a would be Carney PM very hard with demands and threats towards Sovereignty and continue her association with MAGA .
Canada will see increased lay offs, cancelled projects, business failures ,increasing loan defaults and Canadians drawing prematurely on their retirement savings which will hit the Canadian banks hard.
An America recession which is probable if Trump continues his tariff path will lead to an amplified recession in Canada.