On 2022-10-06 6:51 p.m., Alan Bowler wrote:
I've said for a while that the big Canadian banks
are solid long term holds. I just added to Bank of Nova Scotia (BNS).
It has not done quite as well as the others the last few
years, but still posted a decent return.
Currently pays over 6% (47% payout ratio)
This month added to my holding of TransAlta (electricity generator).
I've held that a long time and although I show a capital loss on
it, I've made made a profit after dividends.
Also my position in Recipe Unlimited was closed out when it was taken
private, I replaced it with Restaurant Brands QSR (Burger King, Tim
Hortons, Popeyes).
Interest rates have finally risen high enough so that if we get back to
2% inflation, you can expect a real after tax profit. So I added to
a long corporate bond ETF (ZLC) hold in my RRSP. (An RRSP can be thought
of as an improved IRA).
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