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Canadian Banks a Safe Haven in Event of Default: Keefe, Bruyette
Posted on July 29, 2011 at 13:04 PM EDT
The only relative safe haven in North American equities in the event of a U.S. default would be Canadian banks, though even they would feel the ripple effects, according to a report from Keefe, Bruyette & Woods.
Bank of America Corp.
Bank of Montreal
Bank of Nova Scotia Halifax Pfd Series 12 Adjustable Dividend
JPMorgan Chase & Co.
Royal Bk CDA Montreal Que 4.500% 1st Preferred shares Ser AD
Wells Fargo & Co.
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