- Toronto-Dominion Bank (The) (TD)
- Sun Life Financial Inc. (SLF)
- National Bank of Canada (NA)
- goeasy Ltd. (GSY)
Q: Expanding on my recent question about my desire to reduce exposure in the Financial Services sector, today's article in the Globe & Mail is of concern:
"Non-prime lenders warn thousands of borrowers they could be cut off because of new maximum interest rates"
Should this cause me to rethink my strategy to reduce TD to raise the cash? As you pointed out in your answer, GSY is significantly riskier than the our other holdings in this sector.
We are seniors (75 & 80) and the stocks referred to are in a RRIF.
Your thoughts? Thanks!
"Non-prime lenders warn thousands of borrowers they could be cut off because of new maximum interest rates"
Should this cause me to rethink my strategy to reduce TD to raise the cash? As you pointed out in your answer, GSY is significantly riskier than the our other holdings in this sector.
We are seniors (75 & 80) and the stocks referred to are in a RRIF.
Your thoughts? Thanks!