Analyst Sees 'Relief' Rally in Cdn Banks

The Globe and Mail, Angela Barnes, 9 May 2006In case you hadn't noticed it, Canadian financial stocks have been under pressure recently. As a result, the S&P/TSX financial index is the most oversold it has been in more than a year, says Dennis Mark, technical research analyst at Merrill Lynch Canada. He thinks the group could stage a short-term relief rally that could take the stocks back up to