Rules of the Game: Northern Exposure
While comparing a couple of my large-cap momentum screens, I couldn't help noticing that three Canadian banks figured prominently. Generally, Canada's financial institutions fared well during the global banking crisis and subsequent recession. Despite continued risks of slowing global economic growth and slowing home sales, these stocks continued to perform well.
As with big U.S. financials, Canada's largest banks operate retail-lending units that offer home mortgages, as well as business and consumer lending. Investment banking and wealth management are also major components....373 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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