The Toronto Board of Trade held its 121st annual dinner this past Monday night, and the nice folks at Direct Energy offered up a place at their table. This allowed me to take in the after-dinner speech by Tony Fell, the long-time head of RBC Capital Markets who retired as ...

While the position of Canadian banks is improving vis a vis U.S. banks due to the financial crisis (as argued in my previous post), it would be not be entirely accurate to attribute the improvement solely to the more conservative practices of Canadian banks. Their balance sheets and capital ratios ...

With their staid and conservative cultures, Canadian banks have weathered the global financial crisis relatively well. They didn’t get as reckless in their lending and other business practices to the extent U.S. banks did, so they have come through with relatively clean balance sheets and twice the return on assets. ...