S&P Says Banks Well Positioned to Manage Downturn

Financial Post, David Pett, 17 October 2008Standard & Poors has combed over Canada's top six Canadian banks, and it appears to like what it sees."In general, we believe that the Canadian banks are well positioned to manage through a cyclical downturn," Lidia Pareniuk, S&P's primary credit analyst, said in a research note.She said that while the risk in Canadian bank's U.S. businesses is