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Bullboard - Stock Discussion Forum Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.PR.A

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per... see more

TSX:BK - Post Discussion

Canadian Banc Corp > Bad news for TD today
View:
Post by deisman03 on May 07, 2024 12:51am

Bad news for TD today

Mainstream media saying TD may be looking at some serious issues concerning profits from the latest scandal concerning money laundering. 

Banks have bee up for the last three trading days in anticipation the US Feds will implement an interest rate cut. 

Many are drinking the Kool Aid hype and buying in. 

I'm not that brave so will sit this out on a wait and see.

Hoping the TD fiasco doesn't unjustly tarnish the other Canadian Banks. 

Good time to keep some powder dry, as it will blow over, sooner rather than late. 

Still a good time to buy bank stocks when such opportunities arise. 

GLTA the good folks here.
Comment by NoShoesNoShirt on May 07, 2024 7:13am
2 hours until the market opens, but right now someone is bidding for the price to rise. Toronto-Dominion Bank   75.13 CAD +0.33 (0.44%) 76.00(40) 76.00(31  
Canadian Banc Corp