Quote:
Originally Posted by Paulie Walnuts
Canada has a pretty strong banking system I wouldn't worry about Canadian banks.
The US banking system is broke and this isn't new it's just on a larger scale. The feds continued rate hikes to combat inflation pretty much led to this.
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The big difference in Canada in this situation is our banking is basically completely consolidated in 6 companies. The US has a lot more regional/specialized banks that are much less diversified in their risks if one industry goes in the tank.