The Motley Fool list a few banks to include in a TFSA account as interest rates start to rise. This is a good read if you want to take advantage of interest rates going up.
The Canadian banks have long been a staple of many investors’ portfolios and make great first investments for anyone just starting out. That’s partly because the Canadian banking system is highly regulated — unlike in the U.S. prior to the 2008-09 financial crisis — and is heavily protected with only a handful of major competitors in the market. And all the banks pay investors attractive dividends. That means you’re literally getting paid as you wait — usually about once a quarter — while the value of your investment appreciates in value. It’s a winning formula to be sure and has been for many years; just ask an older family member if they’ve ever held an investment in one of Canada’s banks and how it’s worked out for them. The only trick left is finding out which one is right for you.
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