UBS Says Canadian Banks are No Bargain

Financial Post, Duncan Mavin, 7 December 2006In contrast to other international bank stocks that are currently underpriced, there's not much room for growth for Canada's bank stock valuations, said UBS investment research in a note on international banking trends for 2007."For global banks we see valuation upside potential of 16%," said UBS. The Swiss bank said it is overweight international bank