Wed, 11 Feb 2015 20:22:04 GMT
American investors raise bets against biggest Canadian banks
US investors prefer to short the biggest six Canadian lenders, such as Royal Bank of Canada and Canadian Imperial Bank of Commerce, due to weak oil prices and a strong plunge in bond yields. Canadian bank's shares are facing their worst performance early in the year: the TSX Commercial Banks Index dropped 9.9% to a 15-year low.