‘Canada’s banks were built for this’: How Big Six shares roared back to pre-pandemic levels Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Fred Lum/The Globe and Mail
Unemployment is soaring and doctors are worried the country will face a third wave of COVID-19, but you wouldn’t know it from watching the share prices of Canada’s Big Six banks.
Even though the lenders are deeply linked to the country’s wounded economy, their stocks have roared back to around pre-pandemic levels. Canadian Imperial Bank of Commerce is worth even more than it was before markets tanked last February.
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Credit Suisse s analyst Haley Tam has upgraded his rating from Neutral to Buy. The target price has been lifted and is now set at EUR 160 compared to EUR 145 before. | February 20, 2021
Where Will You Retire? This Might Help
The toughest part of Paul and Cathy Brustowicz’s decision to relocate from New Jersey to Summerville, South Carolina, was leaving behind their two grandchildren. The retirees also miss the theater and dinners in Manhattan.
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