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Re: Re: Young Advisor sends me his thoughts
by daniellepark
I think all banks including Canadian will be less profitable over the next few years than they were during the credit bubble. A delevering, sluggish economy will be harder for them to lever. But I do think the big 6 will survive. We have a much less segmented banking system than the US and our banks have less risk in many ways. With prices down substantially the Canadian financials will likely follow their usual sector turn and lead the turn back up into the next expansion. So far at least, I do not see their solvency as the issue.
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Key Interview
Danielle speaks with Jonathan Chevreau on the Financial Post's blog Wealthy Boomer.

Part 1

Part 2
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“Dear Ms. Park, I watched your appearance on BNN today, and I just have to leave you a message saying 'Thank you' for giving viewers your very frank opinions about how things are going and certain industry practices. I appreciated you trying to give as much information as you could during that (too) short segment. Thank you for what you are doing for all investors!”
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