Hedge fund manager Goodwood Inc., an activist value investor, confirms forced selling in the stock market. “We believe there has been a significant amount of selling recently in some of our core names by other institutions that have been experiencing redemptions,” they note in their latest Monthly Commentary.

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. ...