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Royal Bank of Canada (RY)
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Toronto-Dominion Bank (The) (TD)
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BCE Inc. (BCE)
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Sun Life Financial Inc. (SLF)
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Fortis Inc. (FTS)
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Algonquin Power & Utilities Corp. (AQN)
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Bank of Nova Scotia (The) (BNS)
Q: Taking these 7 income oriented equities and looking to rank them for risk in a correction situation moving forward it seems that if we use the March 2020 correction as a guide FTS and BCE dropped the least (28%) followed by RY (33%) then TD,BNS, AQN (35-37%) with SLF trailing the pack at 46%. The reason behind any future correction could of course be different than a virus-induced shutdown of the economy. But still your ranking of safest to least safe is appreciated and if your answer would be different depending on the cause of the correction then your comment on that would be nice to have as well. Thank you for assisting me in trying to build the most secure portion of my income strategy. Any additional equities that fit in the lowest downside category that you might suggest would also be most welcome.