Posted AT 6:00 AM EST on 01/04/08
Thinking of buying the banks?
Admit it, you've thought about doing some bargain hunting in the wasteland that is the financial sector.
But you have concerns. How seriously are the banks exposed to bad U.S. mortgages? How vulnerable are they to an economic slowdown?
Relax, people. Though more troubles may lie ahead, Canada's banks and other financial companies score well in a measure of shareholder wealth creation called Economic Value Added, or EVA. U.S. financials? Not so much.
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