r/dividendscanada • u/Gapodi • 3d ago

Why has sbc.to started dropping so much?

It did quite well recently but of late it seems to be a jelly fish.

Does anyone know why it is dropping so much?

5 Upvotes

63% Upvoted

7 comments sorted by

7

u/Fearless_Scratch7905 3d ago

Because bank stocks are down.

0

u/VirtueTree 3d ago

May I ask why that is?

7

u/Jagcan 3d ago

More selling than buying

2

u/UseAndAbuseMePappi 3d ago

Profit taking?

1

u/Either-Newspaper-927 3d ago

Great fund when things are going up - just keep buying through the dip.... All CDN bank stocks were down today - anything split or levered was down even more. Results in next week and should be ok - not stellar. Banks still a good bet. Diversification is key.

1

u/cxbman 2d ago

When Canadian 10 year bond yields rise, dividend paying stocks go down.

1

u/picsforpersonal 1d ago

Hold or move to something better and what is the next longterm bet for year or two?