Umbrella:

Did he say anything about the financial viability of Canadian banks vis-a-vis US banks?  

Just curious because I examined closely the notes to the financial statements of a big Canadian bank and to my surprise found that it had an off-balance sheet derivative exposure that if the derivatives becomes non-performing the bank is at risk of having its total shareholders' equity wiped out!!!  It is just mind boggling.  This same bank says it has no sub-prime derivative exposure, which is good, but nevertheless its exposure to off-balance sheet derivatives could still kill it.