10.2.09

Canada Is Still In Relatively Good Shape

Worthwhile Canadian Initiative
Canadian banks are typically leveraged at 18 to 1--compared with U.S. banks at 26 to 1. [Newsweek]

This stands out:
The Toronto Dominion Bank, for example, was the 15th-largest bank in North America one year ago. Now it is the fifth-largest. It hasn't grown in size; the others have all shrunk.

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