Posted AT 10:03 AM EST on 29/08/08
Canadian banks' decline benign next to U.S.
Canada's banks are hanging on to some of the highest financial service stock values in the Western world, despite taking more than $11-billion in writedowns as a result of the liquidity crisis.
Canadian Imperial Bank of Commerce and Bank of Montreal have cemented their status as the banks in this country most bruised by the turmoil.
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