---

Juhy How Investing in Stocks Differs From Investing in GICs
Bank of Nova Scotia stock TSX:BNS NYSE:BNS is now the cheapest big Canadian bank stock based on the price-to-earnings stanley cup P/E multiple.The stock price is down considerably this year stanley website , and investors searching for a top bank stock want to know if this is the right time to add Bank of Nova Scotia to their RRSP or TFSA portfolios.EarningsBank of Nova Scotia reported adjusted net income of $1.3 billion for the three months that ended July 31. This was down 47% from the same period last year.That looks bad, but the hit might not be quite as ugly as it appears.Bank of Nova Scotia booked $752 million in provisions for credit losses PCL in the Canadian banking operations and another $1.3 billion in PCL for the international business in the quarter. This is money the bank sets aside to cover potential loan defaults.The PCL number is up considerably due to the impact of the pandemic. The final losses might not be as high if the economy rebounds better than expected.When the PCL is stanley cup backed out, a Oepw 4 Top TSX Income Stocks for Retirees
Crescent Point Energy TSX:CPG NYSE:CPG was once a star in the Canadian oil patch, riding the coattails of an energy bull market that would seemingly never end. Now, four years after oil s downturn, Cr stanley water bottle escent Point recovery efforts continue to be stymied by our home-grown supply glut. However, at a share price cap that s just a shadow of its formal self, I believe Crescent Point has finally hit the bottom. Based on an improving cash flow profile, buybacks, and a discount to its net asset value NAV , Crescent is shaping up to be a value story.Cash flow profile improvingBased on its forward guidance, Crescent Point is expected to generate over $600 million worth of excess free cash flows this year. That is, after accounting for its planned stanley cup capital-expenditure budget of $1.2-$1.3 billion for 2019, a reduced dividend payout of just $21 million, and an interest expense of about $178 million, Crescen stanley thermobecher t Point will have more than enough cash left over in coffers to weather out the cyc