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Canadian banks to meet capital requirements by 2012 - 7 yrs ahead of target
- Thread starter Kassz007
- Start date
http://ca.news.yahoo.com/s/cbc/100913/canada/business_payroll_survey_canada
59% live paycheque to paycheque: poll
59% live paycheque to paycheque: poll
Quote from kashirin:
wow, such a great experience
3 years and nothing bad happened so it will never happen despite Canada's population has more debt than any other country in the world
what a stupidity
See, this is why you make no money. Timing is just as important as anything else in trading. If you have been betting on a Canadian bubble since 2007, you would be broke right now.
Here's my prediction:
The stock market is going to crash.
When the stock market crashes, even if it is 30 yrs from now, I will still be correct. Broke - but correct on my call. General predictions without timing is as useless as your life.
Quote from fullblotter:
http://ca.news.yahoo.com/s/cbc/100913/canada/business_payroll_survey_canada
59% live paycheque to paycheque: poll
Really? This is your evidence of a Canadian bubble about to burst? That poll surveyed 2700 Canadians.....and concluded that most of them would have trouble paying their bills if there check was late. If this is good enough evidence for you to short Canada then be my guest.
The difference here is, indebted Canadians have jobs...which enable them to pay back their debt. A novel concept to some.
Quote from Kassz007:
See, this is why you make no money. Timing is just as important as anything else in trading. If you have been betting on a Canadian bubble since 2007, you would be broke right now.
Here's my prediction:
The stock market is going to crash.
When the stock market crashes, even if it is 30 yrs from now, I will still be correct. Broke - but correct on my call. General predictions without timing is as useless as your life.
OK let's see Canadian banks at record highs and more than 10% up during last 2 weeks
RE estate sales down significantly
RBC complained several days ago there is not enough demand for loans so that's true
the question now - let's say sales will be 20-30% down next year comparing to this one - how earnings will be affected?
Is it really prudent for canadian banks increase dividends if income will be down next year
if they still proceeed how market will react
THere are a lot of unknowns but risks after current runnup are definitely down
Im kicking myself for not throwing everything i had into Canadian banks when the common shares were yielding 12%, you would be up 120% on the stock, 30% on the currency conversion, and have shares yielding 12% per year.
Given the fact that Canadian banks have a monopoly, and they were still well capitalised, i should have seen that it was a no brainer they would survive. But i was simply to scared at what was going on at the time to pull the trigger. They never even missed a dividend payment. I was eyeballing the trade then kept thinking they would pullback something decent the whole way up.
Given the fact that Canadian banks have a monopoly, and they were still well capitalised, i should have seen that it was a no brainer they would survive. But i was simply to scared at what was going on at the time to pull the trigger. They never even missed a dividend payment. I was eyeballing the trade then kept thinking they would pullback something decent the whole way up.
Quote from Kassz007:
http://www.bloomberg.com/news/2010-...uirements-by-2012-rbc-analyst-hardy-says.html
âImplementation will be even longer than we anticipated, allowing Canadian banks to easily meet the new minimum capital targets by the time they are implemented,â
"That means the companies will be able to raise dividends, starting with Toronto-Dominion Bank and National Bank of Canada in the fiscal first quarter of 2011..."
"The Basel Committee on Banking Supervision will require lenders to have common equity equal to at least 7 percent of assets, weighted according to their risk, including a 2.5 percent buffer to withstand future stress.
Bank of Montreal, Canadaâs fourth-biggest bank, already meets that requirement based on third-quarter data, with a capital ratio of about 8.6 percent, Hardy said. Canadian Imperial Bank of Commerce is at 6.6 percent, while Bank of Nova Scotia is at 5.8 percent and Toronto-Dominion at 5 percent, he said."
Quote from Hello:
Im kicking myself for not throwing everything i had into Canadian banks when the common shares were yielding 12%, you would be up 120% on the stock, 30% on the currency conversion, and have shares yielding 12% per year.
Given the fact that Canadian banks have a monopoly, and they were still well capitalised, i should have seen that it was a no brainer they would survive. But i was simply to scared at what was going on at the time to pull the trigger. They never even missed a dividend payment.
It was not easy to pull the trigger on anything back then, especially a bank. But yes, would have yielded great returns. Never missed or decreased dividends. In my opinion it's still worth getting into. The yields are ~ 4% and expected to rise early 2011.
http://www.bloomberg.com/news/2010-...oney-manager-acquisitions-outside-canada.html
Bank of Nova Scotia and Royal Bank of Canada are seeking asset managers outside Canada to build their wealth management-businesses as new regulations free more capital for takeovers.
âIn Canada, weâre very pleased with the generic and the organic growth,â Waugh said. âThroughout the crisis, we were opportunistic.â
Royal Bank, Canadaâs largest lender, has also been searching for takeovers to expand its wealth-management business, which CEO Gordon Nixon said will grow at a faster pace than other financial services as an aging population demands more retirement advice and estate planning.
âWe have a goal to be a top-20 global asset manager,â Nixon, 53, said at the conference. âWeâre actively looking to expand through acquisitions, with an eye on the U.S. and European-based firms that have excellent performance and distribution in their home markets, as well as emerging markets.â
Bank of Montreal CEO William Downe said internal growth is the priority for excess capital, with U.S. commercial banking the most likely area to expand.
Canadaâs fourth-biggest bank will also consider dividend increases and takeovers of troubled U.S. banks in deals supported by the U.S. Federal Deposit Insurance Corp. as other uses for capital.
Dividend increases will resume âin line with the earnings growth of the bank,â he said.
Bank of Nova Scotia and Royal Bank of Canada are seeking asset managers outside Canada to build their wealth management-businesses as new regulations free more capital for takeovers.
âIn Canada, weâre very pleased with the generic and the organic growth,â Waugh said. âThroughout the crisis, we were opportunistic.â
Royal Bank, Canadaâs largest lender, has also been searching for takeovers to expand its wealth-management business, which CEO Gordon Nixon said will grow at a faster pace than other financial services as an aging population demands more retirement advice and estate planning.
âWe have a goal to be a top-20 global asset manager,â Nixon, 53, said at the conference. âWeâre actively looking to expand through acquisitions, with an eye on the U.S. and European-based firms that have excellent performance and distribution in their home markets, as well as emerging markets.â
Bank of Montreal CEO William Downe said internal growth is the priority for excess capital, with U.S. commercial banking the most likely area to expand.
Canadaâs fourth-biggest bank will also consider dividend increases and takeovers of troubled U.S. banks in deals supported by the U.S. Federal Deposit Insurance Corp. as other uses for capital.
Dividend increases will resume âin line with the earnings growth of the bank,â he said.