Canadian banks do not go to the central bank to meet thier long term financing needs. These are very long issues and apparently they were needed to bolster their existing debt mix. Very illiquid, unusual payment terms, first interest payments starting years into the future. This is not an attractive issue for retail investors, maybe for some institutions. I do not see it as evidence of solvency problems. I do expect the Canadian banks will continue to deliver below trend earnings for some time now given that there is likely at least a year more of recession to go in Canada. But so far at least, we are not seeing cause for concern as to the viability of the big 6.