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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I am considering increasing my Canadian Bank exposure. I know timing is never perfect, but given the recent pullback in Cdn Banks, and the headwinds going into a potential recession, is this a good time to buy RY, TD and BNS, or would you wait and see what plays out in next 3 to 6 months?

Thanks
Tim

Asked by Timothy on August 24, 2023

5i Research Answer:

We would be very comfortable 'starting to accumulate' bank stocks today. Versus historical valuations they are starting to look good, and the odds of a recession we think are actually diminishing now.

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