RE: Why you should go long and shortInteresting link. I agree with Mr. McCord completely that Canaccord is a great short and has been for a while now. IMHO RBC has more liabilities than any of the other Canadian banks. In fact I wouldn't be going out on much of a limb to say RBC's capital to debt ratio is the worst of the big Canadian banks.
I'll continue to short RBC as the opportunities present themselves. With 70K job losses in Canada (half part-time & half-full time) and poor prospects to replace those jobs, I would suspect we'll see more Canadian defaulting on credit cards & mortgage payments in the future. Sorry DividendGuy but no write-ups for many years.
For the record I'm not short any of the Canadian banks at the moment.
GLTA