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If you're concerned about the possibility of a Canadian bank failure, you're not alone. This video provides important insights into what could happen and how you can protect yourself.
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Have you ever wondered if your Canadian bank could fail? In this video, we explore the possibility of bank failures and what protections you have as a customer.
First !
Nicely Played, Marvin. No Sunday nap. 👍 – Marc
I’m working on a Sunday
Dang —time to be Robin
Great episode Marc. I think I tend to agree with you that it is possible a Canadian financial institution could fail sometime down the road. Maybe not larger banks,but as you mentioned there are a lot of smaller institutions like credit unions,mortgage lenders,trust companies,in Canada. It’s not unthinkable that one of those could be lending out higher risk loans (mortgages maybe) and find themselves in a pickle if say,interest rates blast off like a rocket.
Marc, that intro monologue and music reminded of Bill Murray’s “Scroogeed” intro 😂. Hopefully your subs don’t have heart issues. Agreed, No need to run for the hills. All the best 🙏
Great stuff.
i feel safe enough with the banks of canada. i don think its going to get that bad.
thanks again for a great video filled with knowledge!!!