Market Mania - Is Your Money Safe in Canadian Banks Right Now?

The Bank of Canada's Governor, Mclm, expects damage from tariffs and is not ruling out an unscheduled rate move if something severe happens suddenly. This puts everything in a risky position, as banks are balancing all their debt on the backs of consumers and businesses that are extremely leveraged and vulnerable. Canada's big banks, such as CIBC, are raising loan loss provisions and facing uncertainty among clients. CIBC is the most leveraged bank in Canada, with a debt-to-equity ratio of 48.2% and a financial leverage rate of 18.2. Banks like RBC are cutting jobs, and retail stores like Canadian Tire are restructuring and closing stores. This highlights the extreme leverage of households and businesses, which all rests on the banks.

Source - https://www.youtube.com/watch?v=Gv21QLiUdbY