Over the past 2 weeks, all Canadian Banks reported their latest earnings. If there is one thing that is solid among the dividend investing world, it's Canadian Banks! They are evolving in a government protected oligopoly with the opportunity to find growth outside their countries.
Using their core Canadian business to generate cash flow, banks grow through various strategies:
- Surfing on the US economy growth.
- Using financial markets to spice-up their earnings.
- Going into Latin American countries where expected GDP growth is quite interesting.
- Focusing on wealth management, because this is where the money is.