CEO of CIBC Insults Canadians! Scotiabank CEO says thousands will default!

The CEOs of Scotiabank and CIBC shocked Canadians with their statements. Or did they? Scotiabank's CEO said 20,000 people could default on their mortgage as Canada's housing market implodes. CIBC bank CEO almost seemed like he did not care about credit consumption. Despite that being their main business model. I think all this shows the power on display. These broken institutions no longer serve the public's best interests. I also discuss the yield curve inversion at the end and also the savings rate.

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