Comments on: Will A Big Canadian Bank Fail?

By: Tony

Tony — Mon, 22 Aug 2011 22:27:14 +0000

@Banker,

You’re a total idiot. Take a look at the CDS of each bank. CIBC will very likely be the first to fail. The haven’t got the deposits to cover their shorts. They won’t make it till the end of 2011. Then, the real carnage will being in 2012. Every Canadian Bank is TOAST. Watch the Doug Casey interview, (http://youtu.be/giv7ZcVoEx8) and research what James Sinclair is saying. Total bank failure world-wide in 2012 and Gold to $12,000 an ounce.

Basically, if you don’t own Gold & Silver Bullion, you’ll be slaughtered.

By: Banker

Banker — Mon, 27 Jul 2009 03:25:36 +0000

You’re WRONG! (there I said it to you).

Canadian banks will not go belly up because they have a strong balance sheet and are well above the required capital adequacy ratio.

By: Mark

Mark — Thu, 01 Jan 2009 22:15:32 +0000

I have wondered as well why Canadian banks have not suffered as much as other global banks. If all economies are interrelated; shouldn’t Canada have been hit as well?

By: Thicken My Wallet » Blog Archive » Of Canadian banks and dividends

Thicken My Wallet » Blog Archive » Of Canadian banks and dividends — Mon, 24 Nov 2008 09:03:55 +0000

[...] Last week was a pretty bad week for the Canadian banks. Scotiabank and TD Canada Trust, viewed by most as two banks least tied up to bad assets in the credit market, both reported larger than expected credit losses in its last quarter (a credit loss is a loan that cannot be collected). This has lead some to worry about whether Canadian banks will fail. [...]

By: moneygardener

moneygardener — Sun, 23 Nov 2008 17:46:25 +0000

Absolutely no way that the gov. would let a CDN bank fail.

As far as dividends go, you really never know, but my gut tells me that dividends are at risk at BMO and CM. I feel that the other three will end up maintaining dividends with the safest being TD.

By: squawkfox » Snow, Rain, and Slush Oh My!

squawkfox » Snow, Rain, and Slush Oh My! — Sun, 23 Nov 2008 08:08:48 +0000

[...] Will A Big Canadian Bank Fail? | Four Pillars [...]

By: Four Pillars

Four Pillars — Sat, 22 Nov 2008 13:39:50 +0000

Melanie – I sincerely hope the market recovers before 25 years….I’m hoping to retire in around 15 years myself.

By: The Financial Blogger | Financial Ramblings

The Financial Blogger | Financial Ramblings — Sat, 22 Nov 2008 12:17:11 +0000

[...] Pillars is concerned by what will happen to Canadian Banks. Don�t worry FP, everything is cool with Canadian Banks, only people are freaking [...]

By: Melanie Samson

Melanie Samson — Sat, 22 Nov 2008 06:36:39 +0000

Pillars – Yes, if I didn’t realize it before – I know now. The thing is the initial money invested in the RRSPs was meant for the long-term, but my circumstances have given me a reason to use it short term – with terrible timing.

Looks like I’ll just have to save up the down payment via my ING account and being frugal and leave the money there for retirement. I’m over 25 years from retirement, so the markets should have time to recover before then!

By: Four Pillars

Four Pillars — Sat, 22 Nov 2008 01:32:59 +0000

Melanie – there’s always a chance but nobody knows for sure.

I’m sure you’ve already learned (the hard way) that money needed in the short term should not be invested in equities.