Is this Canadian Bank Going Bust?

Thank you Luke for always telling us the truth in what’s happening financially in Canada & elsewhere
I completely understand what you talk about

Another 1.5 million middle aged Punjabis oughta fix that......

Trudeau sure has broken Canada on so many levels.

Martha! The f'n banks are on life support. Buy more crypto

@zombienectar mimics Canadian ex-PM Steve at Davos.

Good job on your video's 👍

Laurentian bank is a really crusty bank.. Their website and career section is like something from the 1990's..

They will print more with QE before letting it crash. Best to own assets and precious metals if you can

Canadian Banks are holding Trillions of CAD worth of low interest bonds (that have tanked in value). They'd all be bankrupt if it were not for this deal where their bonds are valued at current book value and not actual value. That is why the BoC has to do these repo loans.

Inflation is caused by monopolies increasing profits, not government debt. To control inflation central banks raise rates, this hits the middle and lower income classes the hardest. The single most impactful change we could make is to break up monopolies. Almost every sector now is controlled by monopolies, food retail, food distribution, telecommunications, airlines, the list goes on… It’s a problem in every country. We need more consumer choice, this drives down prices and hence inflation. Unless our governments are willing to break up these monopolies nothing will change.

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Everybody in Canada dies tomorrow. Except for some wanker from England. Who lives somewhere else.

Is it all banks, or the currency?

I have a mortgage with them. With the renewal rates that they offer, I am not surprised.

Please do not compare Canadian banks to US banks. All Canadian banks are solvent and cannot be sold to a foreign entity and since there are only few Canadian banks, there are in danger as they are forced to have huge reserves or they would lose their chartered bank status.

Stop letting illegal aliens in and funding money laundering wars! Stop the money printer! Embrace and study Bitcoin!

The whole system is going to collapse. People should have been prepared 2 years ago.

The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.

Liberals will continue to deliver the country into massive debt ....

If one falls, they all fall.

It's multiple banks... Not just one. Scotia is in deep shit too.

Watch Scotiabank.
Carefully...

td bank is awful

Bank of Canada buying up Bonds again and pumping money into the banking system ?

Keep only enough for bills and maybe a little extra for whatever in the bank. Buy gold and or invest into physical things worth money. Even have cash on hand at home or hidden. Digits on a screen are worthless really. You wont be able to get your digits out when the bank has nothing left. Bail in's are a thing too. Tools and skills are worth something also. Many ways to preserve your wealth. Keeping it all in banks isnt one of them.

I think you miss understand the purpose of the reverse repo entirely to be honest man.

In the event the yield curve inverts, the long end of the curve moves up generally speaking and the short end moves up even more... then the long term held treasures devalue by as much as 25 or 30%. They cant just "hawk them" as collateral to another institution, that doesn't work, they have to unwind them to another institution and realize a loss. This also assumes that another institution wants to "take them". In this case nobody wants to buy the long term bonds because cash is worth more on the short end of the curve due to how the overnight rate works.

What the reverse repo facility does is give them liquidity at a face value basis as if the loss wasn't being realized and as if the bond hadn't changed in value; which gives them incentive to LEND and keep the economy moving forward instead of stalling.

The reverse repo is doing exactly what its supposed to do right now. Exactly; no more no less. It's normal and natural for an economy to stall at some point and when that happens the yield curve stays inverted - sometimes for a long period of time, during that period generally money supply is tightening and at some point it makes no sense for them to continue lending on the longer rates as they can just hold the money at the fed/boc overnight to gain an interest rate return at the overnight rate. This entire facility is to flip that logic on its head. They get to continue to hold that long term gov or mbs, not realize the loss, and get 1 for 1 capital back out of the system which they can use to liquify the market as it stagnates. Once the situation is resolved, and it typically does within a few months, they stop lending those bonds overnight and now get them back and continue to hold them on behalf of the customers that originally serviced those debt items.

It is a counter balance; and its acting exactly as it should. You are right on one thing; this does occur during down turns, and typically at the bottom. Its doing its job though; preventing a total liquidity squeeze wipeout that causes a real estate collapse and other things. IN reality you have the inputs right, the analysis completely wrong.

isn't that just another form of stock buybacks, but in a different sector of the economy?

AAA credit 💳 rating 😂

Stop worrying because Trudeau will fix this small problem right after Canadians elect him again .

One this is for sure.. the $USDCAD about to blow... Dont be surprised to see 1.70 or higher.

Basically, the government is lending banks money against Canadian bond collateral. What is Canada's country rating? If Canada bonds lose their value, this could be bad also, with only foreign markets to prop up. Talk about foreign influence! I pity all the direct deposit customers. What a mess.

Money is all fake now. What does it even matter?

All the CBC news is concerned about is how many women are playing sports or are on the Canadian Olympic team than the possibility of a failed Canadian bank. It's all about feelings with a dash of men prancing around in drag. No wonder Wall Street is shorting Canadian banks.

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life .

Don’t coverup anymore, broken hearts

Ya sure whatever…they are going bust. I got a nice chunk of money invested in them.

You should have look on Basel IV standard. Canadian bank are implementing it as we speak. If the banks can't respect the new standard, they will be in trouble, they may even close down.

Luke you. are always interesting. So If a bank is possibly in trouble its prequel as you put it is with a system failure - Ohh Scotia last week had some issues - did the pay go through finally. Also if it is Laurentian then we have to ask the question what other mains banks have exposure to Laurentian? If one sneezes who will catch a cold?

They don’t want to build in order to keep the price high these people are professional assholes and have wicked intentions for others

Banks out of money, what happens when the Bank of Canada runs out of money.
The financial system is imploding.

There was an article on mainstream news, and quite frankly, they told us where broke our c and p came out and said that can't canadians are going to be very angry when they find out we're gone broke, I wish I cared, but it's the end of the world
And how can adians treat it natives? Living in their neighborhood is just absolutely disgusting. The amount of systemic racism that I have witnessed in canada so don't care

You are screaming the same thing for the past 2 years and none of the banks have crashed yet.

Canadian politicians are full of crap, and now, so are our beaches too.

If this Canadian bank is a Gsib and goes under.... you better get cash, gold, spam and Grandpa's .303
Laurentian is not a Gsib

Laurentian is a small-fry, and It has 35B in assets.
RBC has 1495 Billion
TD has 1448 Billion
CIBC has 733B

Put it this way.... Van City Credit Union has 33.2B which is only slightly less than LB. I am not worried.

What about the national bank?

playback 1.25 and sounds normal