Roundtable Part 1: Can You Still Bank on the Banks (Morningstar)
Always a huge presence in the Canadian equity market, the major banks have been instrumental in the robust recovery from last year's bear-market bottom. Since March 2009 the financial services sector, dominated by the banks, has roughly doubled in value to lead all others. Weighing in on the future prospects for the banks, in today's part one of Morningstar's Canadian equity roundtable, are Kim Shannon president and chief investment officer of Sionna Investment Management Inc.; Martin Hubbes, chief investment officer at AGF Investments Inc.; and Ian Hardacre, vice-president at Invesco Trimark Ltd. They spoke with Morningstar columnist Sonita Horvitch, whose three-part series continues on Wednesday and concludes on Friday.