Baytex Energy Corp T.BTE

What do the fund managers do?

[TheWokeLemming]

Do they keep their money in the banks and insurance who will have profits cut considerably by the Jagmeet/Trudeau tax or do they go where the profits are for the next 5 years?

[Zaphod]

The banks in Canada are highly profitable because the government protects them by keeping them effectively in a monopoly. Good for Canada good for the banks good for everybody but don't be under the illusion that  somehow the banks are gonna be hurting

[TheWokeLemming]

So a 15% tax increase is good for business?  You give up 15% of your paycheck and tell me if it hurts   

[byloselhir]

we have some of the highest mutual fund fees , airline tickets, internet/tv etc. etc in the world, why? Because the feds don't want foreign competition these big companies spend millions supporting the political parties so why would they cut off the hand that feeds them? Why are they accepting all this cr-p about global supply chain when cream cheese has gone up 50% but is made in Toronto, you

[TheWokeLemming]

Not to mention all the big banks hiked interest rates well ahead of the Bank of Canada and hiked fees.  They don't give up a damn about the average Canadian and are protected by government regulation.  They are also great social engineers and have done their best to pile on the energy industry.  No sympathy from me. 

[byloselhir]

Why are they allowed to pay almost 0 if i deposit money but charge 22% on my credit card? This is why i own XFN by i shares that way at least i get the rise in stock price and a divi for my bank/insurance costs i pay

[masfortuna]

Or you could just buy bank stocks ( I own 3) and make a higher divy and the sp appreciates quicker :)

[byloselhir]

Less diversification you only have 3 stocks and all banks,and the price drops quicker and further in a correction.....to each their own either way is good i say as long as you are getting some money back, same with oil stocks when the correction happened i went to ZEO which held large cap and pipelines with better divs then sold half that last year and moved to beaten down o&g stocks with

[masfortuna]

Owning 3 of the big 5 I would say is fairly diversified.