Canadian banks continue to report healthy and better-than-expected earnings, near-record profits, and capital levels at all-time highs. Yet valuation expansion for the sector has been muted so far in 2013 due to negative sentiment about the domestic housing market.
http://business.financialpost.com/2013/04/02/canadian-housing-slowdown-seen-as-overly-discounted-in-bank-stocks/
Why Canadian banks shouldn’t fear the housing slowdown
Blog by Brad Herman | April 3rd, 2013
