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Stock impact report

Where to Invest $5,000 in Canadian Stocks in Today's Market [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Canadian investors are wondering where they can find good value in TSX stocks right now for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio focused on dividends and total returns. Buying dividend stocks on dips requires the patience to ride out additional turbulence, but there can be decent upside on a rebound. TD Bank TD Bank TSX:TD ) trades near $84 per share at the time of writing. The stock is above the 12-month low of nearly $73 but is still down from the $108 it reached in early 2022 before starting an extended pullback. Bank stocks broadly declined through 2022 and much of 2023 as a result of hikes to interest rates in Canada and the United States. The central banks needed to raise interest rates to get inflation under control. In normal conditions, higher interest rates are a net positive for the banks as they enable banks to generate better net interest margins. The steep increase in rates over a short period of Show less Read more
Impact Snapshot
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