Royal Bank loses coveted Triple AAA credit rating leaving TD Bank as the only Canadian bank with a AAA rating by Moodys

FT.com reported today that Moodys has down graded the credit rating of Royal Bank of Canada (RBC)  from the coveted AAA rating to AA1.

This leaves TD Bank as the only Canadian bank to keep the coveted triple A rating, along with only a handfull of banks worldwide.

Top dividend Stocks you should consider for your Retirefund!

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Dividend paying stocks are good for your Retirefund! They are "very good" for your Retirefund! You pay less tax on dividends than you pay for almost all other income. Companies that have paid dividends for many years can usually be found at the top of the market where they are listed.

Here are 12 top Canadian dividend paying stocks listed on the Toronto Stock Exchange and also listed on the New York Stock Exchange. These are solid performing companies that have high dividend yields. You should consider them when constructing your Retirefund outside of an RRSP.

S.No.	Company	Ticker	Market Capitalization as of April 23, 2010	Dividend Yield
1	Bank of Montreal	BMO	$36.0B	4.32%
2	BCE Inc.	BCE	$23.7B	5.63%
3	Canadian Imperial Bank of Commerce	CM	$29.8B	4.57%
4	Enbridge Inc.	ENB	$19.2B	3.31%
5	Rogers Communications Inc.	RCI	$20.9B	3.60%
6	Royal Bank of Canada	RY	$87.7B	3.24%
7	Sun Life Financial Inc.	SLF	$17.7B	4.59%
8	TELUS Corporation	TU	$11.7B	5.20%
9	The Bank of Nova Scotia	BNS	$53.4B	3.77%
10	Thomson Reuters Corporation	TRI	$30.6B	3.13%
11	Toronto Dominion Bank	TD	$66.3B	3.17%
12	TransCanada Corporation	TRP	$25.7B	4.29%

If you are looking for steady income, taxed at a low rate, for a long time. (In other words, you have a solid nest egg and now want to start enjoying life instead of tracking stocks) then you should be invested in solid, dividend paying, blue chip stocks, and these are a great place to start.

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