Canadian vs. US Banks--Better PE and rising C$ Message Board

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Non-Tech : Canadian vs. US Banks--Better PE and rising C$

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To: Zirdu who wrote (110)	6/20/1997 5:00:00 AM
From: Zardoz	of 230

Hey, Ranney. I too use TD for my option purchases. But than again there are the best option house in NORTH AMERICA. Banks in Canada aren't allowed to merge with Canadian or be taken over by others foriegn banks. BUT the same rule does not apply to them takening over foriegn banks {I believe that one of the candaian just bought 50% of a Mexicain Bank, and another bought 33% of a PERU(or Agentina} (As you can tell I can't spell) I believe that Canadain Banks can't have one person own more than 5%, and that foreigner control can only be 33% maximum... I can check if required. I got my copy of the Bank act somewhere here. Hey Macro, did you see that CIBC did hit my $35 Call price today {Thursday} If they only had reasonable earnings this quarter. OH well, I sent my compaint of to the CEO! Maybe you can buy LB back again.

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