Saturday, March 8, 2008

BMO Leads Decline as Bank Stocks Sideswiped

The Globe and Mail, Derek DeCloet, 8 March 2008Bay Street has the memory of a goldfish, so when the place is still buzzing with talk of a deal that happened two weeks ago, you know that people were caught by surprise.Royal Bank of Canada's $1.4-billion score of Phillips Hager & North, the venerated, privately held Vancouver money manager, is that type of deal. Sure, it's only $1.4-billion. But in

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