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Toronto-Dominion Bank (TD)
#7
Thanks for the thorough explanation R2R :-)

(10-15-2014, 12:30 PM)Roadmap2Retire Wrote: Heres my reasoning.

Its a combination of reasons - and the the result of broad market selloff. The Canadian market is technically in correction mode, having fallen more than 10% from the highs. Canada is a resource-rich economy and with the current pressure in oil and energy markets, Canada's economy is/will suffer. Moreover, the Canadian dollar has sort of become a petrodollar over the last few years and because of the fall in oil prices - has resulted in the fall of the Loonie (Canadian dollar). This will affect financial statements for all internationally exposed corporations in the coming quarters and that includes the banks.

Whats a good price to get in? I dont know. Where and when do you want to catch the falling knife? But the correction is good news for long term investors to lock in some decent yields.
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Messages In This Thread
Toronto-Dominion Bank (TD) - by Roadmap2Retire - 10-14-2014, 08:43 AM
RE: Toronto-Dominion Bank (TD) - by earthtodan - 10-14-2014, 11:01 PM
RE: Toronto-Dominion Bank (TD) - by saimash - 10-15-2014, 11:57 AM
RE: Toronto-Dominion Bank (TD) - by saimash - 10-15-2014, 01:34 PM



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