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|I Am Skooter|
So here's us, on the raggedy edge.
Given that CIBC was the Canadian bank with the single largest exposure to the U.S. sub-prime mortgage crises, I wouldn’t put a lot of stock in this:
Market near bottom: CIBC
Eric Beauchesne, Canwest News Service
Published: Wednesday, November 12, 2008
OTTAWA — The deep erosion of Canadians’ investment savings is likely near an end, a major Bay Street investment firm optimistically projected Tuesday, even as stock markets around the world were sinking deeper into bear territory and as the initial euphoria from the latest major economic stimulus announcement — China’s $586-billion US fiscal injection into its giant economy — continued to fade.