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Non-Tech : Canadian vs. US Banks--Better PE and rising C$
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To: marcos who wrote (71)5/23/1997 9:29:00 PM
From: Steve Bevington   of 230
 
Marcos, the big banks are actually Schedule I banks, the smaller ones such as Citibank Canada, etc, etc are the Schedule II variety. The main difference is foreign ownership restrictions for the tier I banks. That's why most of the Schedule II banks are the local sort of ethnic variety, they simply serve a small niche market. It's great to see the banks getting the attention they deserve on SI, I thought we were the only ones who cared. I like the CM Sep 35 calls. Does anyone have feelings on whether the rally in Trimark and Mackenzie shares will continue?
Steve
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