BankShares.ca Canadian Bank Shares Explained.
During the first quarter of 2009, the shares of the Canadian banks have lost a considerable portion of their value due to higher retail loan loss, slower loan growth and progressively deteriorating credit ratio, with all factors set against the background of weakening equity markets and falling consumer loans rate. The Royal Bank of Canada (RBC), traded on the New York Stock Exchange as RY, is the country's largest bank in terms of total assets.
