North of the border, Canadians are doing their polite best not to brag about some recent news. The news is that the (Canadian) Bank of Montreal will take over troubled Marshall & Ilsley (M&I) Corp, a large Milwaukee-based bank. The deal is valued at $4.1 billion.

How far are the Canadians willing to go to avoid gloating? Well, one Canadian media outlet claims the purchase is a big win for the United States, since it shows that Canadian banks like the Bank of Montreal must believe the US economy is turning around, or else it would not be making such a “bet” on a US recovery.

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