Consumer debt, overvalued real estate to weigh on banks in 2015: Fitch

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Consumer debt, overvalued real estate to weigh on banks in 2015: Fitch
High and “unsustainable” levels of consumer debt, along with regional pockets where housing looks overvalued, are weighing on the outlook for Canada’s banks in the coming year, according to Fitch Ratings. The combination “precipitates a more cautious view of consumer credit and thus a negative sector outlook for Canadian banks,” the ratings agency said Friday. Despite…

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This Long/ Short Equity Firm Sees A Time-Arbitrage Opportunity In This Pest Control Merger

PestYost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More

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