Canadian banks appear to be following a familiar pattern, as they typically do during economic crises and recessions. The current signs of an accelerated decline indicate that a challenging period may indeed be on the horizon, with potential economic turbulence ahead.
Canadian banks are in an accelerated decline now, just as they've done for every past economic crisis/recession.
There's no stopping this. It's coming.
— Financelot (@FinanceLancelot) October 24, 2023
There go the Canadian Banks. https://t.co/r8N37vQtrD pic.twitter.com/l0b7qQBx2S
— Brian G (@alphacharts) October 20, 2023
$BNS now yields 7.48%
— Sean Khatibi (@Sean_khatibi) October 24, 2023