Summary
"Don't fret, don't be concerned and don't go overboard in one sector. Over the next six months you're going to get more than one shot to buy lows."
TD Bank (TSX:TD) didn't have any exposure to ABCP while the impact on Scotiabank (TSX:BNS) and Royal Bank (TSX:RY) was somewhat minimal -- at $135 million and $160 million, after tax, respectively. Overall, TSX financial stocks are down about five per cent on the year.Slipping bank stocks aren't necessarily worth dipping into, said [Rob Callander]. Both CIBC (TSX:CM) and National Bank (TSX:NA) have suffered the brunt of the ABCP impact and it's uncertain how they'll be affected in the coming quarters.See the full content of this document
Extract
Choppy Seas Seen for Stocks in '08
By David Friend
TORONTO -- Rising gold prices, a troubled U.S. mortgage market and downtrodden bank stocks could all pose major investment oppor...See the full content of this document
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