The Financial Post reports in its Tuesday, March 28, edition that RBC Capital Markets analyst Matthew Barasch says Canadian banks can support higher multiples. The Post's Armina Ligaya writes in the Trading Desk column that Mr. Barasch says the market "seems to fret" each time Canadian bank multiples push beyond 12 times forward earnings, but these multiples should be three or four points higher. Although there are headwinds such as housing, slowing overall growth in the country and the leverage of the Canadian consumer, Canada's banks have stared down other pressures in the last six decades and "have managed to stickhandle their way through these various crises with nary a dividend cut," he says in a note to clients on Monday. In his note, Mr. Barasch adds: "In fact, Canadian banks are the only sector/subsector in North America to generate a better total return than Warren Buffett's Berkshire Hathaway over the past 20-years and 25-years, which in our view speaks to the powerful and consistent compounding mechanisms they have been. In other words, based on their history of success, we have a high degree of confidence that they will manage their way through current headwinds."