Economists, Bank of Canada say Canada ‘not immune to spillovers’ amid recent banking turmoil. By mike_lpnt cdnpoli (subs)
Economists, Bank of Canada say Canada ‘not immune to spillovers’ amid recent banking turmoil
The Bank of Montreal's chief economist Douglas Porter says markets are 'incredibly good' at discovering areas of weakness, and that he 'wasn’t sure we’ve seen the end of this.' Founded in 1856 as a commercial bank, Credit Suisse has played a central role in Switzerland's financial sector for 167 years. Last month, Swiss authorities facilitated its takeover by rival UBS following a dramatic stock plunge.
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