Some Greek contagion, indirectly, to Canada. Royal Bank is taking a beating today, with its shares diving.
Guess who own RBC Dexia?
Amusing is the statement on their web site:
RBC Dexia Investor Services is equally owned by Royal Bank of Canada and Dexia. Recognition of the strong commitment of our parent companies is reflected in our credit ratings: Aa3 (Moody's), AA- (S&P).