Banks Face Margin Pressure

Lenders compete for deposits; Short-term interest rate risingCanadian Press, Tara Perkins, 23 May 2006As the big banks begin releasing their second-quarter earnings this week, one key factor to keep an eye on is high-interest rate savings accounts.In the first quarter, Scotiabank, the Bank of Montreal and National Bank saw the margins on their Canadian retail loans squeezed."The common