Canadian Banks

[jazz]

I dont like local credit unions because they are socialist constructs with your own neighbors on the board.

That being said, Canadian banks are holding the largest credit bubble in Canadian history on their books. I would be wary about holding their stock, unless you think the Canadian consumer can go higher than 400% debt to GDP. Maybe they can.

[sumdumguy]

But Woh, CBC says Canadian economy is so strong that Bank of Canada must raise interest rates. Good Luck!

[sumdumguy]

Remember me telling you about this B_S bank that won’t write the cheque on a term deposit to close an estate. Well, we still don’t have the cheque. All the rest of the banks paid within a day or two of receiving the death certificate and will. No need to deal there.