Posted by kevindeng0727 on 2nd of Jan 2023 at 03:04 pm
On percentage basis I would argue CM (Imperial bank of Canada)
is the most vulnerable to the housing market - which is closer to
52 week lows compared to TD and Royal (both have more international
exposure).
Regarding the housing bubble, I am personally not in the camp of
crash scenario. Maybe a further 20% correction. Toronto and
Vanvouver have become literally international money laudering
centers so affordibility is not a countable measurement. I came
from other countries so I think a lot of Americans, Canadians or
Australians don't fully understand how popular their countries are,
to forgeign professionals & wealthy immigrants. They all have
their own issues, but man other countries are doing far worse (just
look at Japan, Europe etc).
I would love to see a a 30% further down in Canadian banks. At
that point thet should be yielding very well. Because of the
chartered banks system, there are no outside competition to these
big 6 banks. They should come back to all time highs shortly after
the resession ends.
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On percentage basis I would
John Roque (used to be a market technician for Soros ...
Posted by kevindeng0727 on 2nd of Jan 2023 at 03:04 pm
On percentage basis I would argue CM (Imperial bank of Canada) is the most vulnerable to the housing market - which is closer to 52 week lows compared to TD and Royal (both have more international exposure).
Regarding the housing bubble, I am personally not in the camp of crash scenario. Maybe a further 20% correction. Toronto and Vanvouver have become literally international money laudering centers so affordibility is not a countable measurement. I came from other countries so I think a lot of Americans, Canadians or Australians don't fully understand how popular their countries are, to forgeign professionals & wealthy immigrants. They all have their own issues, but man other countries are doing far worse (just look at Japan, Europe etc).
I would love to see a a 30% further down in Canadian banks. At that point thet should be yielding very well. Because of the chartered banks system, there are no outside competition to these big 6 banks. They should come back to all time highs shortly after the resession ends.