SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 24, 2011 08:16 ET

Toronto Dominion and Royal Bank of Canada -- Top Destinations for Foreign Investors

The Paragon Report Provides Equity Research on Toronto Dominion & Royal Bank of Canada

NEW YORK, NY--(Marketwire - Nov 24, 2011) - Canadian Banking stocks continue to lag in the markets despite continuous reassurance that their exposure to Europe's escalading sovereign debt problems is small. The Paragon Report examines the outlook for companies in Canada's Banking Sector and provides stock research on Toronto-Dominion Bank (NYSE: TD) (TSX: TD) and Royal Bank of Canada (NYSE: RY) (TSX: RY). Access to the full company reports can be found at:

With Europe in the doldrums, Canadian banks have become a premier destination for US Money Market Funds. According to a September report from Fitch ratings, Fitch Ratings, Canadian banks now represent 10.7% of American money market fund exposure, as exposure to Canadian banks increased a massive 12% from August to September.

According to Fitch, the top Canadian bank was Bank of Nova Scotia, with 3.1% exposure. This puts Scotiabank fifth overall, however, trailing Germany's Deutsche Bank, which averaged 3.5% exposure. The second most held Canadian bank was Royal Bank of Canada, with 3% exposure. No other Canadian banks made it into the top 10, which represented a combination of European, American, Australian and Japanese lenders.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on Canada's Banking Sector register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. At the end of its most recent quarter the bank had $120 million exposure to Italian bonds.

Of all the Canadian banks, Toronto Dominion holds the most exposure to Italian exposure to Italian sovereign debt at $197 million as of the most recent quarter. TD continues to grow its US business, despite struggles to deliver adequate returns especially in the wake of the real estate meltdown.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at