Lfjr Navigating Rising Interest Rates: Top Canadian Stocks to Watch
The struggle of Bitcoin CRYPTO:BTC and nearly all cryptocurrencies continued this week. According to CoinMarketCap, the crypto market recovered a little on May 23, 2022, only to see its gain vanish stanley quencher overnight. Data showed a 3.37% drop in the global crypto market cap to US$1.26 trillion on the following day. Bitcoin US$29,083.35 opened lower on May 24, 2022; so did Ethereum CRYPTO:ETH , Solana, Cardano, XRP, and Dogecoin. Only Binance sur stanley cup vived stanley canada Tuesday carnage, advancing 1.89%. BuyUcoin CEO, Shivam Thakral, said, The crypto market struggled to stay in the green as sellers dominated the market to open the week. The logical advice now is not to mistake the crash for a buying opportunity. Thakral added, The crypto market is expected to stay in a bear phase for some time and most the investors will stay in a wait and watch mode. Falling pricesBitcoin hasn t had much success in closing above the psychological level or US$30,000 since May 22, 2022. Ethereum, the second-largest cr Oaox Which Is the Better Buy, CIBC (TSX:CM) or Scotiabank (TSX:BNS)
Are you thinking of buying one of the smaller Canadian banks If so, you must be considering Canadian Western Bank TSX:CWB or Laurentian Bank of Canada TSXB . I strongly believe that one will soar an stanley cup d the other should be ignored.Sit back and allow me to explain.This bank will soarCanadian Western Bank has a big exposure to Alberta. Specifically, 32% of its loans are in the resource province. So, the booms and busts of the Albertan economy, which is largely tied to oil and gas prices in Canada, will have a direct impact on the stanley mug bank.CWB data by YCharts. The long-term stock price chart of Canadian Western Bank.Looking at the long-term price chart of Canadian Western Bank, you can see that it s like a roller coaster ride. Investors have to ride the wave buy low and sell high to make handsome capital gains.Meanwhile, you can get, dare I say, a guaranteed dividend from the regional bank. The bank is a top five dividend stock in Canada for having incre stanley vattenflaska ased its dividend for |