Bank (Canadian) industry
Article Abstract:
Canadian banks have performed surprisingly well in the 1990s despite the country's slow economic growth, government cost cutting, high real interest rates and budget deficits. However, growth for 1996 is expected to slow somewhat even though the Canadian banks have shown ingenuity by diversifying income sources. Canadian bank stocks should appeal to investors, especially long-term investors, as they offer high dividends over 4.0% and have a high safety rate.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Bank (Canadian) industry
Article Abstract:
Low interest and inflation rates have allowed the Canadian economy to make tremendous strides in 1996. However, as a result, loans at Canadian banks increased only 5% in 1996 compared to 21% in 1995. Non-lending activity has also increased, and Canadian banks have been able to repurchase shares, as well as increase dividends and make acquisitions with the freed capital. Most of these stocks are timely in 1997, but have less appeal through 2001.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
User Contributions:
Comment about this article or add new information about this topic: