Over the past few years, the Canadian banks have been praised for avoiding the worst of the global financial crisis. This success is firmly rooted in public policy (and good management) since, for much of the past century, Canadian policy makers – i.e., governments and regulators – sought to create a very powerful and Canadian-controlled banking system. Click to Download»
Canada
Will Sun Life Financial (SLF-TO) Cut its Dividend?
There is something very unusual going on in the Canadian financial services sector: a large-cap financial, Sun Life Financial (SLF), is being priced for a substantial dividend cut. Even those with a cursory knowledge of Canadian financial services know that investors in the sector consider dividends virtually sacrosanct.
The Canadian Banks – The End of an Era (Globe and Mail)
On May 26th, the Globe and Mail featured our piece entitled, “The Canadian Banks – The End of an Era”. This article is based on material researched for our investor luncheons last fall by the same name. This “Special Comment” expands on the contents of the article with additional commentary for the benefit of our investors. Click to Download»