ME AND MY MONEY
Sales manager believes in bank stocks
Livio Filice works in the clean technology industry. He also invests in junior clean-tech companies that have innovative technologies in the sustainable energy field, such as Eguana Technologies Inc. But the majority of his portfolio is in Canadian bank stocks.
Mr. Filice likes companies with the kind of enduring market power that allows them to sustainably finance high and steadily growing dividends, along with consistent corporate growth. Canadian banks fit the bill. An oligopolistic industry structure, barriers to entry (such as ownership restrictions) and implicit government backing (deposit insurance, for example) deliver a high level of financial strength and profitability.

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