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Seaforth, Ontario | Major Canadian banks have been so well regulated and protected that they did not need to get into high-risk, highly-leveraged positions to continuously post record profits. Only in the past ten years have they been open to foreign competition. They have such a solid financial foundation that they are more likely to be taking over rather than being taken over; eg, TD increased stake in TD Ameritrade by 5% t0 45%. TD is second largest Can. bank, moving up to fourth in US. | |
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Interesting Newsweek Article
