Since January 2005, Canadian bank stocks have appreciated by nearly 300% whereas US bank stocks have, on average, declined by more than 10%. As of today, the average Price-to-Book ratio of Canadian bank stocks is at 1.7x versus 1.0x for American banks. In this Special Report we address four questions. First, will Canadian bank stocks continue to outperform their US counterparts? Second, should investors favour/overweight Canadian bank stocks at the expense of American and Mexican bank stocks? Third, should global investors view Canadian bank stocks as the best risk-reward proxy for North American bank stocks? Fourth, what are the most common questions/concerns related to Canadian bank stocks?