RBC CM Assesses Downside Risk of Banks & Life Insurance Cos

RBC Capital Markets, 21 January 2008Two questions we receive most from investors are: (1) with Canadian bank shares down 24% from their 52 week highs and lifeco shares down 15%, are these levels where the stocks should be bought; and (2) if a recession hits the North America, what kind of downside risk could there be in bank and lifeco stocks.We would not add to Canadian financial services