Wednesday, August 22, 2007
Preview of Banks' Q3 2007 Earnings
Financial Post, Jonathan Ratner, 22 August 2007Appreciation of the Canadian dollar has slowed, which helps banks with operations outside of Canada and the domestic economy.Investor rotation into short term treasuries has driven down yields, which should boost bank margins since they borrow short term and lend long term.With prices having dipped 15% since January, valuations for Canada�s financial
Labels:
BMO,
CIBC,
National Bank,
RBC,
Scotiabank,
TD Bank
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