Canadian Banks Downshifting on Dividends:

The Financial Post's Jonathan Ratner has some interesting comments from analyst Brad Smith of Blackmont Capital on Canadian bank dividends.

"While economists debate whether Canada and the wider world is headed for recession, domestic banks have already cast their vote by easing back the throttle on dividends, analysis by Brad Smith of Blackmont Capital suggests. The analyst has amassed data showing Canadian banks have downshifted dividend growth trajectory from high to nil at one of the fastest paces on record."

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