Merrill Lynch on Banks

Merrill Lynch, 14 December 2006; The following is the first 2 pages from the reportEconomic growth likely to slowOur forecast of a marked slowing in US consumer spending growth dominantly accounts for our projected decline in Canadian overall GDP growth from the 3.0% average over the past three years to 2.1% in 2007. The channel through which that weaker US demand is likely to hit Canadian growth