Banks Could be Due for a Short Term Rally: RBC CM

RBC Capital Markets, 13 October 2008We believe that the recent decline in Canadian bank shares (-18% in the last seven trading days) might be overdone and there could be a short-term positive move.� We think that the European and U.S. Governments understand the urgency in stabilizing their banking systems, and we believe there is a good chance they may succeed in the battle against the cost and