Citigroup Initiates Coverage of Canadian Banks

The Globe and Mail, Angela Barnes, 7 February 2007Citigroup Global Markets Inc. has initiated coverage of the big six Canadian banks, rating three as �holds� and three as �buys.�The three holds are Toronto-Dominion Bank, National Bank of Canada and Royal Bank of Canada and the three buys are Canadian Imperial Bank of Commerce, Bank of Nova Scotia and Bank of Montreal. The ratings vary