The end of March was "buy the dip" for yours truly with the Canadian Banks with all the selling fear spawned by a few US Banks having troubles plus Credit Suisse, now bought out. Currently, the Bank situation is getting somewhat back to normal.
With some other positive factors, The Canadian TSX registered gains in the last week of March. Green ... is good.
Banks here with their billions in profits and high yields are popular picks along with associated ETF's.
The Feds with their latest budget last week are apparently going to take 1% of those Bank profits. CEO's probably yelling out ... foul play!
April is a quarterly ex-dividend month for many of these top Banks.
I would say the most volatile sector is the Tech industry (Nasdaq) and the reason it is so popular among investors who follow it. Down in the beginning of the year for many Tech stocks, recently zooming back up with an average of 15%. Timing that market is not a good idea but some are lucky and buy low.
For the quarter, the Nasdaq jumped 16.8% in its biggest quarterly percentage increase since the three months ended June 2020.
Is the US legal eagle digging it's talons too deep into crypto exchanges south of the border? Is that the reason top Exchangers are crossing the border into Canada to expand? Not sure the reason but both Coinbase and Kraken have now filed paper work with the Canadian SEC departments to register for legal operation.
There are strict rules up here now with more to come no doubt. A major one I like is that customer/member's deposited funds/coins are to be kept separate from the Exchanger's coffers or ... funds/wallets. The Bermuda based FTX comes to mind with billions routed elsewhere that went under and that will all come to light with a future court case involving the owner and his staff.
April 3rd
This week is starting off with some positive news so far with Techs "up" although I do not hold any in individual stocks and the price of Oil climbing, due to OPEC cuts in production. Good for oil related stocks I hold. Not so good when gassing up later,
The Toronto Stock Exchange, TSX index is up over 20,000 points and "green" again for the 6th straight day of gains.
I'll add to RCDC again this month after receiving the recent distribution for March. Here is more information about this ETF from the Royal Bank ....
https://www.rbcgam.com/en/ca/products/etfs/RCDC/detail/
It is new and a thing I learnt is that the starting price usually drops a tad after it initially starts trading. But, wait too long for a lower price and one will miss the ex-dividend date to gain the cash dividend unfortunately.
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