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Want safe stocks? Be ready to pay

Want safe stocks? Be ready to pay

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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountSafety has rarely been so expensive in the stock market. Which has to make you wonder if supposedly safe stocks are now all that safe after all.Canadian bank stocks offer a case in point. As Jason Kirby pointed out this week, this country’s dominant financial institutions are suddenly trading at historically lavish price-to-earnings (P/E) multiples.

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Original publisherThe Globe and Mail
Canonical URLhttps://www.theglobeandmail.com/investing/markets/inside-the-market/article-want-safe-stocks-be-ready-to-pay/
Publication timeSat, 25 Jul 2026 12:00:00 +0000
Retrieval time2026-07-25T12:07:11.321Z
Last seen2026-07-25T12:07:11.321Z
Headline sourcePublisher (no WeSearch rewrite)
Excerpt sourcepublisher body
Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
SummaryWeSearch · cerebras-chat (WeSearch summarizer)
Summary source textcontentText
Citation coverageSummary is a WeSearch-generated derivative; primary citation is the original publisher URL.
ClustereBsxkn_u37Ou
Cluster logicGrouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison.
Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountSafety has rarely been so expensive in the stock market. Which has to make you wonder if supposedly safe stocks are now all that safe after all.Canadian bank stocks offer a case in point. As Jason Kirby pointed out this week, this country’s dominant financial institutions are suddenly trading at historically lavish price-to-earnings (P/E) multiples. For much of the past two decades, their shares fetched somewhere between 10 and 12 times earnings. Now they are changing hands at P/E ratios of 14 to 18 times. This does not make a lot of obvious sense. A company’s P/E multiple typically shoots up if its growth outlook suddenly brightens or if its risk plummets.

Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.

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