Canadian Banks at Highest Valuation Against US Peers

Bloomberg, Doug Alexander, 12 February 2007The best may be over for the shares of Canada's banks after a rally that made them the most expensive in 15 years compared with their U.S. peers.Beset by a slowing economy and fewer share sales, the six largest Canadian banks probably will see earnings rise by 10 percent in 2007 and 8.5 percent in 2008, said Brad Smith, an analyst with Blackmont Capital