Canadian banks are as solid as they come. They are a bit more expensive than their U.S. counterparts, but paying extra is worth avoiding subprime exposure. They have decent yields and great margins. This is also a good play on the strength of the Canadian dollar. Check out Toronto-Dominion Bank(
TD), Bank of Nova Scotia(
BNS), Bank of Montreal(
BMO), Canadian Imperial Bank of Commerce(
CM), and Royal Bank of Canada(
RY).
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