Amidst a backdrop of cautious interest rate cuts by the Bank of Canada and a pause from the Federal Reserve, Canadian consumers are exhibiting signs of fatigue even as they continue to drive economic growth. With inflation showing signs of moderation and stock markets reaching new heights, this environment underscores the potential stability that high-yielding dividend stocks can offer, particularly in times when diversification remains a key strategy for managing risk.
Fitch affirms ratings of Canadian banks - BMO, BNS, CM, TD and RY - based on stable economic conditions, which are likely to support their credit fundamentals and financial performance.
The Bank of Nova Scotia ( TSE:BNS ) has announced that it will pay a dividend of CA$1.06 per share on the 29th of July...