Posted AT 5:52 PM EST on 27/03/08
Time not ripe for Canadian bank stocks: RBC analyst
Now is not the time to buy Canadian bank stocks aggressively, especially given the robust rally in those stocks in recent days, according to RBC Dominion Securities Inc. analyst Andre-Philippe Hardy.
“We continue to believe that the road ahead for bank shares will be bumpy and do not believe it is time to buy Canadian banks aggressively (especially after a 9-per-cent rally over six days),” Mr. Hardy said in a report Thursday.
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