2 ms·
US bank losses due to subprime is about $1 TRillion, vs $2 Billion in Canada among the big 5. That's a factor of 500. That, and Canadian bank stocks bounced rig
by afterburner 15y ago
US bank losses due to subprime is about $1 TRillion, vs $2 Billion in Canada among the big 5. That's a factor of 500. That, and Canadian bank stocks bounced right back to their pre-crisis levels afterwards. I think Canadian banks managed to dodge the crisis quite well.
I don't pay monthly fees, and I pay maybe $5 in bank fees a year total.
http://thebankwatch.com/2007/11/17/canadian-banks-write-of-21bn-in-us-sub-prime-mortgages/ http://thebankwatch.com/2007/11/17/canadian-banks-write-of-2...