On Thursday, the S&P 500 rose 0.2% and Toronto was down 0.4%.
Canadian Western Bank at $28.02 is trading at 10.5 times trailing earnings according to Yahoo. The dividend yield is 3.1%, I calculate the P/E ratio as 10.2. The book value per share is $21.56 after adding in a special gain of $1.38 that will be booked in the current quarter. The ROE has been running at about 14%. This stock appears to be an attractive investment. There is some risk due to bad loans but based on its past history I expect this to be a good investment.