Canadian banks on ‘credit doomsday watch,’ CIBC analysts warn
Canada’s bank sector could be vulnerable to loan losses as credit conditions worsen, according to a new report from CIBC Capital Markets that calls the situation “hardly apocalyptic, but still noteworthy.”
https://www.bnnbloomberg.ca/canadian-banks-on-credit-doomsday-watch-cibc-analysts-warn-1.1245294
Houses sitting empty from defaults on mortgages its starting to put the strain on banks.
Might be a good idea to pull your cash out of the bank, as what happened in Greece they seized peoples savings with bank bail-ins.
