4 Rock-Ribbed Canadian Bank Stocks
The structure of the conservatively run Canadian banking system puts a lid on risk, and its largest banks are, in effect, given protected status by the barriers to entry put in place by the government.
As a result, the nation's six largest banks collectively hold almost 90% of that nation's banking assets, giving them significant competitive advantages in the world's 10th largest economy.
So Canadian banks have been able to put up good earnings numbers and increase their dividends, thanks to their nation's relative economic health, in turn thanks to their government's fiscal conservatism.
And that shows up in their long-term returns, as the four stocks summarized below have 10-year annualized returns that range from 13.5% to 16.3%, vs. the S&P 500's 7% for the period.