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EastWest: Why U.S. Banks Are Poised to Outperform Canadian Counterparts
By Richard Phillips, Chief Investment Officer and Kevin Muir, CFA, Market Strategist, for EastWest Investment Management, and republished here with permission
Try Googling “Canadian banks 2008 crisis”.
What’s the first thing that comes up? In our browser, it’s a publication from the Richmond branch of the Federal Reserve entitled, “Why was Canada Exempt from the Financial Crisis?”
What’s the next article? A National Bureau of Economic Research piece called, “Why Canada Didn
“The bill made it such that banks with assets less than $100 billion would be freed from certain oversight requirements.”
What could possibly go wrong with that?