Fate of Canadian Bank Stocks Hinges on Credit as Economy Slides
Also: After the Cowen merger, a longtime TD banker is leaving
Can this man (Canada’s newly elected Prime Minister, Mark Carney) give financial stocks a lift?
Photographer: David Kawai/BloombergWelcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.
I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about how the banks will deal with risky loans, why every vote really does count, and who’s headed to Ottawa from the business world. Plus: how much more would you pay for Canadian items at the grocery store?