February 22, 2016 - Canary in the Coal Mine for Canadian Banks

Posted by Patrick Ceresna on Feb 22, 2016 3:38:21 PM

Moody's, one of the largest rating agencies is warning that if oil prices remain low, the Canadian banks will likely be forced to cut dividends and potentially raise equity. This is obviously a risk, but not a certainty.  The reason I believe this is a very dangerous trend is because the vast majority of Canadian investment advisors and Canadian investors are firmly entrenched in their unbreakable belief that Canadian banks are safe and conservative. If Moody's concerns come to fruition, there is a very uncomfortable downside risk few are ready for.

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