Yep – time to worry about the Canadian banks, and they all dropped today at the end of the week. Royal Bank got hit particularly hard and it is actually trading for as low as $28.00 Canadian, if you can believe it. Even TD is still down to fresh lows, closing at $39.00.
If I had the cash right now I would be a buyer for sure…
If you’re thinking about taking advantage of the relative safety of Canadian bank stocks, take a look at what Craig Fehr from Edward Jones has to say about it here.
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Wow… I had no idea it was hitting Canada so hard too. I guess nobody is safe, are they! And you’re right- if you’ve got the cash, stocks all around the world are on sale! What a great time to be liquid!
By they way, love the blog. I just found you via BC; keep up the good work.