Dundee Securities on Banks

Financial Post, Duncan Mavin, 16 January 2008For the first time in four years, there will be no meaningful earnings growth at Canada�s banks in the next 24 months, says Dundee Securities analyst John Aiken.The banks have sidestepped the worst of the carnage from the U.S. subprime crisis � with the exception of Canadian Imperial Bank of Commerce, which has US$3.3-billion of writedowns so far. But