By NEIL HARTNELL

Tribune Business Editor

Royal Bank of Canada's decision to convert its Bahamian banking operation into a subsidiary of the Canadian parent resulted in a "one-off inflow" that further boosted banking system liquidity and the external reserves, which hit $876 million at end-November 2010, amid improved economic prospects for 2011.

The Central Bank of the Bahamas' monthly report on economic and financial developments for November 2010, noting the temporary boost to foreign exchange reserves, said the Bahamian economy continued to show signs of stabilising amid a "modest improvement" in the tourism industry.

This meant that the economy's short-term prospe ...

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