One of the basket cases in Europe (government took it over, essentially, through an equity stake), actually posted a profit this quarter (even though it was through exceptional one-time gains).
That'll fuel the market appetite for financial stocks. Canadian banks will benefit from this trend, seeing as their capital ratios are superior, LLP's have been falling for two straight quarters and Canada is now considered to be the "safe haven", for both currency and business climate.
Sure do miss my personal DumDum. Where, oh where, could my DumDum be?
BTW, do you think that the Canadian financial institutions shareprice performance today might have something to do with the US Job figures released this morning? Have you checked the Canadian job figures release? Have you checked POG of late?