Canadian Banks Not Rushing to Make US Acquisitions

Bloomberg, Doug Alexander, 1 April 2009Royal Bank of Canada Chief Executive Officer Gordon Nixon says the worst of the financial crisis may be over. “The financial services crisis has stabilized,” Nixon said in an interview yesterday in New York. “The worst is over.” Still, Canada’s biggest lender is in no rush to buy U.S. banks. The Toronto-based bank hasn’t made a U.S. acquisition since its