Market Insights - December 12th, 2016

Banks on both sides of the border

 

The Canadian banks have been busy over the past couple of weeks. They have not only reported fiscal fourth quarter earnings but have also been making new highs. In this week’s edition, we review the quarter for the Canadian banks and discuss the recent surge for their U.S. counterparts. After being unloved for so long, there is room to run, but short-term momentum appears stretched.