Posted AT 1:25 AM EST on 06/09/08
Credit crunch fallout will cast a long shadow
Need a loan? Better know how to sweet-talk your banker. A good credit rating is essential, but flowers or hand-held electronic gadgets may also be required. The most important thing to take when you visit your banker, however, is diminished expectations.
“The days of cheap money are over,” said Gord Nixon, Royal Bank's chief executive officer. If anyone would know, he would.
The RBC boss couldn't have chosen a lovelier setting to deliver his dour message.
The full text of this article has 742 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +430.63 | 8,155.39 |
| DJIA | +494.13 | 8,046.42 |
| S&P 500 | +47.59 | 800.03 |
| Nasdaq | +68.23 | 1,384.35 |
| Stock Profile | Sponsored by: |
|---|---|
 |
|
Technology 
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
MOST POPULAR
Most Popular
| Rank | Headline |
|---|---|
| 1. | The Detroit Three ... Two? One? 21/11/08 12:00 AM
|
| 2. | Town that wealth built starts to feel the pain 1:00 PM
|
| 3. | Shift in trade winds forecast under Obama 1:00 PM
|
| 4. | Moving past denial on your portfolio 21/11/08 5:26 PM
|
| 5. | The Caisse says it's in good shape 21/11/08 8:26 PM
|
| 6. | From equity trader to professional fighter 1:00 PM
|
| 7. | GM closes Oshawa truck plant earlier than planned 21/11/08 2:07 PM
|
| 8. | Watsa teams up with his investing hero 1:08 AM
|
| 9. | Shareholders fight HudBay plan to acquire Lundin 12:39 AM
|
| 10. | HudBay, Lundin merge in $814-million deal 21/11/08 12:46 PM
|
Streetwise
- HudBay buys as metal forecasts fall
- Plus: Pension shortfalls a worry at BCE
Catalysts
- The view from the vineyard
- Canada's booming wine industry is fuelling investments in everything from tourism to housing developments
Adhocracy
- Your Mad Men fix
- Plus: Dave Nichol
Talking Management
- Larry Smith in conversation
- President of the Alouettes talks management with Karl Moore
The Law Page
- Bay Street under the gun
- Disclosure ruling in class actions has created 'real fear out there'
Globe Investor Magazine
- Centre of the storm
- The 10 most powerful people in the investment industry
ROB Magazine
- You picked a fine time to leave, Chuck
- Why we'll miss RBC Capital Markets' Chuck Winograd
KONRAD YAKABUSKIDesperate opposition pounces on Caisse rumours
Konrad YakabuskiQuebec's false turn and its next realignment
AVNER MANDELMANInflation a dead issue - at least for now
DEREK DeCLOETThe market mess explained (as best we can)
MARCUS GEEIs Japan's 'lost decade' a window to the future?