RBC Capital Markets Comments on Cdn Banks & Insurance

RBC Capital Markets, 23 January 2006Stock Prices � What Happened Last Week?Canadian lifecos were down 3.4% last week amid weakness across North American financials - in the U.S., banks and lifeco�s both dipped 3.6%. Canadian banks fared best, down only 1.3%. BMO pulled back a sharper-than-average 3.3% after a very strong prior week, up 4.7%. BMO and CIBC remain super-sensitive to election news,