When I was working in the mortgage industry pre-recession, I never understood how Canadian banks could survive under such tight regulation while we in the U.S. were driving the American dream of home ownership down to the lowest rung of the ladder. How could Canadian banks not be left behind? As it turned out, I could not have been more wrong.
Canadian banks are not immune to the global economy and have the need for growth as well as the ever-increasing burden of compliance costs. Although their dividend yields are traditionally very high, Canadian bank stocks are not only about the dividends. The following is a break-down of the top three Canadian bank stocks by market share trading in the U.S. market, complete with what you need to know before investing in them for your high-yield portfolio: Toronto-Dominion Bank (TD), Royal Bank of Canada (RY) and Bank of Nova Scotia (BNS).
Source: InvestorPlace
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