主题：【原创】大学城里的商业阻击战 -- dfindy

did you notice that several of them have diversified into the US market? (e.g., TD) The American market is now much safer and profitable (in terms of higher net interest margin) than in the domestic market.

RBC, Scotia, CIBC has diversified business: its key drivers are either overseas market or corporate/capital market business.

BMO is the most dangerous one: bad almost in all lines of business, from retail to corporate, to capital market, or even wealth management.

National bank is a big joke and is subject to regional concentration risk: Quebec. One housing price decline of 30% can easily kill it. I just can not wait to see another Quebec independence movement and thus a sudden and dramatic housing collapse as it happened in 1995.