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Canadian banks are still trading at far lower multiples than those in the US (8-11 vs. 15 in US) while the Canadian dollar is expected to rise from .75 to .78-80 this year. The "Big Five" are considered to be RY, CM, BNS, TD, and BMO. My favourites-CWB, LB, and SMS which is actually a credit union that is publicly traded. LB has some risk from separatistas, CWB and SMS are growing fast in western Canada. All the above are traded on the TSE. Greenline just started e-trading in Canada and has an American subsidiary. Any comments? |