Bank Stocks Are Gearing Up for a Huge 13% Dividend Increase fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.
Why Big Banks May Be a Great Big Bet Today fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.
Rudy Luukko
The recent torrid performance of preferred shares is too good to last, but fund managers say there’s still more upside for these securities that combine elements of fixed income and equities. The key reasons: favourable interest rate trends, shrinking supply and attractive yields.
Preferred shares and funds that invest in them have produced returns more like hot growth stocks over the past year, making yields on high-quality government or corporate bonds look even skimpier by comparison.
In the 12 months ended June 30, the S&P/TSX Preferred Share index soared 36.6%, and some actively managed ETFs did even better. Over the same period, the FTSE Canada Universe Bond index was down 2.4%.
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The relentless march of Canadaâs luxury real estate market continues to see strength as multi-million dollar home sales smash records.
Toronto led the charge with a 400 per cent increase in attached home sales worth over $4 million dollars since last year, according to a report from luxury real estate firm Sothebyâs International Canada. In Vancouver, there was a similar frenetic pace in these types of home sales, seeing a boost of 300 per cent year-over-year.
Montrealâs market also impressed the firm, managing to break Sothebyâs all-time condo sale price record with a $12.9 million penthouse at de la Montagne and Sherbrooke.
OSFI to Big 5 Banks: Don t Increase Your Dividends Yet | The Motley Fool Canada fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.