I'm getting increasingly worried about the Canadian banks suffering . My portfolio has a significant amount in financial stocks, and I'm not sure how to adjust

It is unlikely that the market will experience big gains anytime soon in light of the latest developments involving SVB, therefore it is prudent to set reasonable expectations and get ready for a potentially protracted recovery period. It is advised to postpone making big investment decisions until the economic climate in areas of concern has stabilized. It is best to take precautions and stay out of the current disturbance.

What happens to credit loss preventions when there is eventually no risk to credit loss? Executive bonus payouts?

CIBC posts a 2nd quarter profit of 1.75 billion dollars. Yeah, the banks are suffering 😂

Those poor banks. Making money on low rates and higher property prices. Now making more money on higher mortgage carrying costs on those higher mortgages. 😢

Suffering ? The big Canadian banks just announced higher than average profits . Get a grip .

Why not give the relief to consumers instead of putting aside hundreds of millions of dollars to reserve for consumer default?

The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.

Higher interest rates the past always meant higher profits for all the banks as they profit from the spread on the mortgage rates and the rates they pay for GIC's and bonds or debentures. Then higher the interest rates the greater the spread thus the greater the profitability.

Always enjoy your videos, short and to the point 😊

The recent rise in interest rates, I must say, doesn't seem to be effectively curbing inflation. Instead, it's creating additional financial challenges for individuals. Cutting interest rates might alleviate some of the pressure.

Banks aren't liquid, and that's a problem. As liquidity dries up it'll make its way through the system and then we will see all the cracks. Everyone from the consumer to companies, to governments are over-leveraged, and everyone is running out of liquidity. People will use up their savings (bank deposits) and will struggle to refinance the debt they have never mind taking on more debt. Those lost deposits of cash will cause banks to have to sell their collapsed bonds and mortgage-backed securities, which will trigger losses, which will show us as negative numbers which will cause investors' confidence to drop and deposits to leave, etc, causing a downward spiral. Sure Banks can post profits now because the values of assets along with high interest on the debts are profitable until delinquencies and defaults bring that to an end. The thing about a financial crisis is that it happens all of a sudden. You may think you know when it'll come but it always feels like a sudden event. We can think that high prices from inflation, and rising unemployment, and high interest rates are off-set by rising asset prices but that's not reality over the long term. We might think well we've had high rates before, but neglect the high debt loads. We might look at the high debt loads over the last decade but ignore the high-interest costs. We might look at unemployment and see it used to be higher but ignore inflation, high interest costs, and high debt levels. When the cash is gone, and the debt maximums are reached then we will see the real mess. If the consumer has no money, then neither do the banks unless they are being bailed out. This means either the consumer will be bailed out as well bringing back high inflation or the consumer won't bringing a deep recession/depression.

Financial Post's Larysa Harapyn🤩🤩

Canadian banks sponsor a million different things in pro sports. They're not "suffering" shit 😂