BMO NB Research Comments on Cdn Banks

BMO Nesbitt Burns Research Report Summary, 16 January 2006Spreads � Mix and Interest Rates Appear to Have Turned the CornerIn our report, Lower Spreads are Structural (06/27/05) we indicated that we believed that about half of the decline in spreads over the past four years has come from mix, with low absolute levels of interest rates and competitive pressures combining for the remainder.As we