I’m seeing some good value being created in the Canadian market but stress bond-like investments such as CIBC, BMO and TELUS, the latter having reported decent earnings this morning. The two banks yield 5% at $72 and $56, and TELUS “A”, their much maligned non-voting shares, yields 4.36% at $56.

(October 17, 2014 – CIBC $97.53, BMO $ 79.79, TELUS $76.08 (pre-split) )