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Canada bank CEOs warn on housing, not Europe

Posted on 11 January 2012

Top executives at Canadian banks say they don’t expect Europe’s troubles to spill over into the North American market in a meaningful way, but caution they are concerned about a downturn in the domestic housing market.

“My personal view is I think Europe will find a way to muddle through,” Gordon Nixon, chief executive of Royal Bank of Canada, said at a financial services conference hosted by his bank…………………………………….Full Article: Source


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