Yes canadians are actually worried as there is mass mortgage fraud at big 6 Canadian banks which is making real estate over valued in Canada. This is the biggest concerning thing right now
Missed opportunity to direct people to CDIC website so Canadians could review what is covered under their accounts if their bank or credit union ever failed.
This lady seems to forget how easy it was for our PM to make the banks seal bank accounts and how willingly they accepted to do it. Do I trust my money is safe in a Canadian bank? Absolutely not.
I agree. Main stream media is bought and paid from by the Trudeau government. The fact that the news is saying that the banks are safe should give us concern.
I doubt that it is regulation or the de-regulation that makes us safe or not. IMHO, we need to detect and get rid of predatory characters from the finance industry as early as possible. Existing laws to do with fraud, greed, etc. should be sufficient, however, politicians often are willing too overlook predators until there is real damage done.
Im glad our banks in Canada is government owned, it protects 100k, in which I pay 25k annually in taxes to fund the government and get nothing back, not even a family doctor
I don't think Canadian should be worried about how our banking institutions work. Mind you there is lots room for improvement 100000 per personal account is not. It should be for every dollar that is placed in there the bank should be able to cover it. With the gross amount of fees they charge and interest they should easily be able to wave any potential of suffering in any way of a major loss.
No need to panic we are safe, the Canadian banks can fix the numbers overnight with just a few button clicks and make everything look like a beautiful garden
People have extremely short memories when it comes to the Canadian banking system. READ some of the comments, realize most of the comments are emotionally based, not using critical thinking skills. Canada's banks have moved into the US system RBC, TD, etc to use the investment corporations to get access to products not allowed in Canada. I stopped using a major Canadian bank ,not because of the US market access but fro knowing it has massive amounts of money invested in fossil fuel industries. The 2007-8 "banking crisis" didn't touch the Canadian system much at all. Remember that. Yes, Credit Unions are good for lower costs, and I chose one that backs environmental investment.
How many people listened without biases to what was said by these guests? From reading the comments, very few stopped immediately arguing and heard what was factually said. 🤦♀️
How many people listened without biases to what was said by these guests? From reading the comments, very few stopped immediately arguing and heard what was factually said. 🤦♀️
Lots of words that said nothing. Do your own research... your money, in a bank, is not your money. Go try to pull out modest 10grand and see what happens. Oh, sorry, bank policy, we cannot grand your wish. But you can order money, right? Can i have 100k ordered? Nope, sorry,bank policy, 20k is max. So sure, your money
@@CorryGal "all my money" is a very wide term. Where i am, i cannot withdraw 1% of my account balance. Sure, can take a money order for what ever purchase it is.... but cannot put a hand on actual cash, up to 5grand withdrawal, and up to 20k order, wait 5 days
These two banks invested (lent money to) companies that would have trouble getting conventional financing. These are environmental social governance (ESG) companies. These companies are pie in the sky type companies that have grandiose ideas that never come to fruition. I wonder how many Canadians know that the far left in Canada is pushing hard for Canadian pension plans to invest in ESG companies, just like these two failed banks. Both Republican and Democrats recently voted to ensure ESG investing would not be allowed in American Pension Plans. The fact that Democrats even voted for this should alarm Canadians to how bad the concept is. Yet the other day the CBC ran a puff piece trying to gaslight Canadians into accepting this. The far left wants to access trillions of your hard earned pension money to invest in ESG companies. The same type that played a major role in the failure of these two banks. If your a teacher in Ontario I would get rid of your current union reps as they are intent on ensuring your pension fund collapses. Can you imagine after 40 yrs of work, your pension disappears. ESG sounds so nice but it’s really just a far left ponsy scheme on steroids. It works like this. I have a great idea, your pension gives me millions of dollars, I proceed to live like a rock star, private jets, 5 star hotels, world travel to “environmental conferences” while paying myself big bonuses and dividends. 2 years later or even 15 years later there is no product, no revenue, company goes bankrupt. But I can retire. . If the far left is able to access the trillions in dollars in your pension fund, can you imagine the party.
The only reason we haven't yet seen the cracks and fissures in our own financial systems is simply because we don't ever have the demographic critical mass of our southern neighbor,
Where is a union at a bank a good thing? It would drives costs higher!! Imagine all 5 banks were unionized!!! It would be bureaucratic and economic disaster! Is Nora a business/banking specialist? I doubt it as she’s less about capitalism and more about socialism. Doesn’t fit in an economics discussion. They actually didn’t tell us how much we’re covered or how we can help ourselves!
Banking in Canada, even just having a simple savings account is expensive. I'm an expat living abroad for almost two decades now and banking in Asia is remarkably safer, cheaper and better and at pennies per transaction, and with insentives to spend.
I worked at a bank for 25 years and now only deal with credit unions. Never trust banksters, real estate agents, car dealerships or government. They are the reason we are in so much trouble now
12 minutes of nothing talk in the language of nothing speak. I d rather listen to a grocery clerk s opinion. Toddler speak ... Opinions are inappropriate ...and so is accurate information or data on this channel. I listen to CBC once every 6 months .... Worse disintegration of intellect every time.
considering the absolute pathetic interest we get on our money why not pull out most or all savings? just a thought ! you can always put it back if things get back to normal !
They didn't touch on the fact that taking the US Treasury to bail the banking was a bandaid on an growing wound... This will further increase inflation in the US. More companies layoffs and need for liquidity which banks will need to make available... It will get worse. Canadian banks invest in the states and will have some impact.
There are certain aspects of globalism that have failed, and we have to recognize that fact. That is in large part because Russia, China, and their allies on the "economic battlefield" are hostile competition. They do not want to play by the rules of Capitalism, but they want to use Capitalism the way bank robbers use banks. What that means is that there are no simple or painless ways to apply tourniquets to the gaping financial wounds that have resulted from that failed globalism. The institutions that have become over invested, overly involved, in expanding their financial footprints into that failed globalist environment, in effect throwing money at the bank robbers, will have to fail. SVB, and Credit Suisse were expanding those footprints, and cozying up with hostile competition that refuses to play the Capitalist game by proper Capitalist rules. There are others that are similarly involved, in various ways, where they ought not to be involved. Why ought not ? That is because there is a need to not only stop the bleeding into a failed program of ill considered and flawed globalism, but an even larger need to restore the power of capitalization to properly Capitalist enterprises, within the nations and entities that do play by proper Capitalist rules, and that are willing to denounce and oppose the corruption that comes with hostile competition. Corruption meant to destroy Capitalism, rather than to build it up. We need massive capitalization for industrial growth, in key strategic industries, and the collapse of bad banks is going to restore that healthy capitalization, as investors become spurred to put their dollars into Capitalism friendly, not hostile, nations and entities. No more aiding and abetting the enemy, becomes the real outcome. No more influx of money to the bank robbers, and we have to remember that Communism was a start up that was carried out by bank robbers in the formation of the USSR. The bank robber tradition continues and it is time it was put to a stop.
Of course they will tell you everthing is ok. Remember when they said we didnt have to worry about covid and it was no big deal? Theybjust dont want panic
No mention at all of the very important CDIC insurance provided by Canadian banks to holders of savings and checking accounts??? What kind of interviewer are you?
In the US The Federal Reserve bought their bounds at full price on the condition the banks would buy them back at the full price they paid. Giving them tons of cash.
Sorry I don’t need to pay someone to hold onto my money. What a joke that is and now It’s almost impossible to not have a bank account. Need one just to work at most places so the employer can give the bank my money for me. What a joke. By doing that they are helping the scammers who think you need someone to hold ur money for u
@@jandp2941 sort of. US is 250 total per bank. Canada is 100 per acct. HOWEVER as per my comment...the total value of reserves by FDIC divided by total deposits = 1.6% so if you have 4 accts in us at 100 each u lose 150 cov and the payout could be 4k assum multi bank run. Canada same accts cov is 400k...not sure on payout here. I smell full out money printer then Venezuela situation.
It's called central bank digital currencies.... digital ID. You can buy as much ultra-processed food as you want but you'll be capped on the amount of whole food you can buy.
Wow, that was a lot of talking to say nothing... lady on the right litteraly swap from bank to fraud in air b&b... 🤦♂️i guess getting expert that know what they re talking about is not easy but c' mon you could have had a finance youtuber and have the same level of quality...
They don’t understand that if I knew they were watching my periods and banking on me not having kids I would have had more sooner. Likely a relevant comment.
I HAVE ALWAYS HAD COMPLETE FAITH IN OUR BANKING SYSTEM AND ALWAYS WILL. STUPIDITY AND GREED DON'T SEEM TO BE AT THE FOREFRONT OF OUR CANADIAN BANK EXECUTIVE'S MINDS!!
![โรงเรียนตอนตี 2 โคตรหลอน..!! [โรงเรียนไดเม่]](http://i.ytimg.com/vi/2MAEMwqVYh8/mqdefault.jpg)
Just the fact that we are asking this question tells me we should worry.
If it doesnt smell right...then its probably not right. Always follow your instinct!!
And especially when"they" tell us we are fine.
The only thing safe in the bank…….our debt! The system never forgets how much we owe it.
We should always worry about the banks as they are blatantly self serving.
They are private businesses. What do you want - the government to run the banks? They are even more self serving.
So is every other business, so what is your point.
be your own bank
Banksters are the only crops that do not go to jail. Send them all to jail and don't give them bonuses
Banksters are Crooks
Your money may not be secure but I can promise your debt is.
I've withdrawn 90% of my cash out of the bank...I can always re deposit it if things go back to normal
Yes canadians are actually worried as there is mass mortgage fraud at big 6 Canadian banks which is making real estate over valued in Canada. This is the biggest concerning thing right now
Prove it.
@@dsab381 you prove the oppusite 😆😆😆😆😆
"Mass mortgage fraud" is unsustainable, and this isn't America.
Makes no sense. Getting a mortgage right now is not easy with the existing stress test!
@@dsab381 youll own norhing and be happy
Missed opportunity to direct people to CDIC website so Canadians could review what is covered under their accounts if their bank or credit union ever failed.
@@CheekyBird790 i believe credit unions are upto 1million, as they covered by your province
Create the reason and the solution banks fail solution digital currency
This lady seems to forget how easy it was for our PM to make the banks seal bank accounts and how willingly they accepted to do it. Do I trust my money is safe in a Canadian bank? Absolutely not.
The fact that this has made the news should be reason for concern.
I agree. Main stream media is bought and paid from by the Trudeau government. The fact that the news is saying that the banks are safe should give us concern.
Get experts when talking about these topics. Opinions don’t help people with such important things.
Exactly
They literally said nothing. And no your money is not safe.
A bunch of people despise politicians in their current form.
Bc they can’t be more honest.
I doubt that it is regulation or the de-regulation that makes us safe or not. IMHO, we need to detect and get rid of predatory characters from the finance industry as early as possible. Existing laws to do with fraud, greed, etc. should be sufficient, however, politicians often are willing too overlook predators until there is real damage done.
Im glad our banks in Canada is government owned, it protects 100k, in which I pay 25k annually in taxes to fund the government and get nothing back, not even a family doctor
No they aren't, lmao. The banks own the government.
And for a bunch of people who scoff at me being scary or them being jealous, there’s a lot of that going on in my situation.
I don't think Canadian should be worried about how our banking institutions work.
Mind you there is lots room for improvement 100000 per personal account is not.
It should be for every dollar that is placed in there the bank should be able to cover it.
With the gross amount of fees they charge and interest they should easily be able to wave any potential of suffering in any way of a major loss.
No need to panic we are safe, the Canadian banks can fix the numbers overnight with just a few button clicks and make everything look like a beautiful garden
Let’s get actually finance experts to speak (e.g., professors in finance or unbiased former executives at the larger Canadian banks)
People have extremely short memories when it comes to the Canadian banking system. READ some of the comments, realize most of the comments are emotionally based, not using critical thinking skills.
Canada's banks have moved into the US system RBC, TD, etc to use the investment corporations to get access to products not allowed in Canada.
I stopped using a major Canadian bank ,not because of the US market access but fro knowing it has massive amounts of money invested in fossil fuel industries.
The 2007-8 "banking crisis" didn't touch the Canadian system much at all. Remember that.
Yes, Credit Unions are good for lower costs, and I chose one that backs environmental investment.
How many people listened without biases to what was said by these guests? From reading the comments, very few stopped immediately arguing and heard what was factually said. 🤦♀️
How many people listened without biases to what was said by these guests? From reading the comments, very few stopped immediately arguing and heard what was factually said. 🤦♀️
We should be using Credit Unions to complement high-fees standard banking services in Canada.
Perhaps you could have found some guests that are actually in the banking industry
Lots of words that said nothing. Do your own research... your money, in a bank, is not your money. Go try to pull out modest 10grand and see what happens. Oh, sorry, bank policy, we cannot grand your wish. But you can order money, right? Can i have 100k ordered? Nope, sorry,bank policy, 20k is max.
So sure, your money
Yesterday I went to my bank and took out all my money. No problem. What do I do with it now?
@@CorryGal "all my money" is a very wide term. Where i am, i cannot withdraw 1% of my account balance.
Sure, can take a money order for what ever purchase it is.... but cannot put a hand on actual cash, up to 5grand withdrawal, and up to 20k order, wait 5 days
Can't wait to trust these guys with your digital currency
When you don't have a whole lot , there are no fears of losing it. It's sad how many people base there life and there well being on money alone.
These two banks invested (lent money to) companies that would have trouble getting conventional financing. These are environmental social governance (ESG) companies. These companies are pie in the sky type companies that have grandiose ideas that never come to fruition. I wonder how many Canadians know that the far left in Canada is pushing hard for Canadian pension plans to invest in ESG companies, just like these two failed banks. Both Republican and Democrats recently voted to ensure ESG investing would not be allowed in American Pension Plans. The fact that Democrats even voted for this should alarm Canadians to how bad the concept is. Yet the other day the CBC ran a puff piece trying to gaslight Canadians into accepting this. The far left wants to access trillions of your hard earned pension money to invest in ESG companies. The same type that played a major role in the failure of these two banks. If your a teacher in Ontario I would get rid of your current union reps as they are intent on ensuring your pension fund collapses. Can you imagine after 40 yrs of work, your pension disappears. ESG sounds so nice but it’s really just a far left ponsy scheme on steroids. It works like this. I have a great idea, your pension gives me millions of dollars, I proceed to live like a rock star, private jets, 5 star hotels, world travel to “environmental conferences” while paying myself big bonuses and dividends. 2 years later or even 15 years later there is no product, no revenue, company goes bankrupt. But I can retire. . If the far left is able to access the trillions in dollars in your pension fund, can you imagine the party.
The only reason we haven't yet seen the cracks and fissures in our own financial systems is simply because we don't ever have the demographic critical mass of our southern neighbor,
They bring on the queen on cringe Nora Loretto to talk about banking and money? DEFUND.
The initial question was never answered. Liquidity was never discussed. The interview was fluff
I am glad that I do belong to a credit union.....
Where is a union at a bank a good thing? It would drives costs higher!! Imagine all 5 banks were unionized!!! It would be bureaucratic and economic disaster!
Is Nora a business/banking specialist? I doubt it as she’s less about capitalism and more about socialism. Doesn’t fit in an economics discussion.
They actually didn’t tell us how much we’re covered or how we can help ourselves!
100%. I was looking for this comment. Thank you!!
FDIC does not have enough money in reserve to insure all deposits
I wouldn't leave to much in the bank
Banking in Canada, even just having a simple savings account is expensive. I'm an expat living abroad for almost two decades now and banking in Asia is remarkably safer, cheaper and better and at pennies per transaction, and with insentives to spend.
I worked at a bank for 25 years and now only deal with credit unions. Never trust banksters, real estate agents, car dealerships or government. They are the reason we are in so much trouble now
Who knew SVB was the no.1 go-to bank for tech startups in China. Imagine how much money we are really talking about.
Many more will be closing....this is just getting started. ...it will be long and painfull!! Stay tuned!
Deposits is safe, but CA has increased their M2 dramatically. Where do those funds go?
12 minutes of nothing talk in the language of nothing speak. I d rather listen to a grocery clerk s opinion. Toddler speak ... Opinions are inappropriate ...and so is accurate information or data on this channel. I listen to CBC once every 6 months .... Worse disintegration of intellect every time.
Sheesh. These ladies did a bang up job pointing out the cronyism related to banking in canada
NO
Central bank digital currency time!
They've created a reason to justify it
Own gold and let it crumble.
@@auggiedogg718 Thanks.
Interview real experts and make sure they're at least 70 years and seen this all before, not some young un just out of high school.
What money? Trudeau has made it so we can't even afford food lol
Only if you disagree with the PM politically.
FDIC in states, all they have 3% of all deposits because most of the money was printed out from no where.
Where else does money come from?
considering the absolute pathetic interest we get on our money why not pull out most or all savings? just a thought ! you can always put it back if things get back to normal !
They didn't touch on the fact that taking the US Treasury to bail the banking was a bandaid on an growing wound... This will further increase inflation in the US. More companies layoffs and need for liquidity which banks will need to make available... It will get worse. Canadian banks invest in the states and will have some impact.
So many lies. So much using my life. So little tangible return (for me).
I watched the video but not much reassurance here. Is our money safe at the bank or not?
All those Canadian banks have US exposure become risky?
Heed the warning.
Getting troubling info enhances anxiety. So yeah. Not great.
I can see why GOP is confident at the moment. In relation to me. Objective statement.
feels, started dealing anxiety thanks to ai.
Canadians should be worried about the safety of their democracy under liberals and NDP. Their corruption knows no bounds.
Vote NDP for a better Canada 🇨🇦
There are certain aspects of globalism that have failed, and we have to recognize that fact. That is in large part because Russia, China, and their allies on the "economic battlefield" are hostile competition. They do not want to play by the rules of Capitalism, but they want to use Capitalism the way bank robbers use banks. What that means is that there are no simple or painless ways to apply tourniquets to the gaping financial wounds that have resulted from that failed globalism. The institutions that have become over invested, overly involved, in expanding their financial footprints into that failed globalist environment, in effect throwing money at the bank robbers, will have to fail. SVB, and Credit Suisse were expanding those footprints, and cozying up with hostile competition that refuses to play the Capitalist game by proper Capitalist rules. There are others that are similarly involved, in various ways, where they ought not to be involved. Why ought not ? That is because there is a need to not only stop the bleeding into a failed program of ill considered and flawed globalism, but an even larger need to restore the power of capitalization to properly Capitalist enterprises, within the nations and entities that do play by proper Capitalist rules, and that are willing to denounce and oppose the corruption that comes with hostile competition. Corruption meant to destroy Capitalism, rather than to build it up. We need massive capitalization for industrial growth, in key strategic industries, and the collapse of bad banks is going to restore that healthy capitalization, as investors become spurred to put their dollars into Capitalism friendly, not hostile, nations and entities. No more aiding and abetting the enemy, becomes the real outcome. No more influx of money to the bank robbers, and we have to remember that Communism was a start up that was carried out by bank robbers in the formation of the USSR. The bank robber tradition continues and it is time it was put to a stop.
more content please - there's an audience for this
The question should be if everyone wanted their $2 out of there bank do the banks have the money to give everyone
Very educated, knowledgeable guests. Great interview
Of course they will tell you everthing is ok. Remember when they said we didnt have to worry about covid and it was no big deal? Theybjust dont want panic
yes of course
No mention at all of the very important CDIC insurance provided by Canadian banks to holders of savings and checking accounts??? What kind of interviewer are you?
CBDC is scary.
In the US The Federal Reserve bought their bounds at full price on the condition the banks would buy them back at the full price they paid. Giving them tons of cash.
It’s a choke point operation to
Destroy banks that handled a lot of crypto.
This NORA lady is terribly wrong with all her liberal talking points
Back to gold is the safest!
Seems of you are going to spend a lot of money on something, you’d want to manage the project well so as to not lose the money.
Sorry I don’t need to pay someone to hold onto my money. What a joke that is and now It’s almost impossible to not have a bank account. Need one just to work at most places so the employer can give the bank my money for me. What a joke. By doing that they are helping the scammers who think you need someone to hold ur money for u
FDIC in US currently covers about 1.6% of total deposits. Wonder what our % is in Canada w CDIC? Twice as good....think about it
I thought it was up to 250k in US and 100k in Canada?
@@jandp2941 sort of. US is 250 total per bank. Canada is 100 per acct. HOWEVER as per my comment...the total value of reserves by FDIC divided by total deposits = 1.6% so if you have 4 accts in us at 100 each u lose 150 cov and the payout could be 4k assum multi bank run. Canada same accts cov is 400k...not sure on payout here. I smell full out money printer then Venezuela situation.
It's called central bank digital currencies.... digital ID. You can buy as much ultra-processed food as you want but you'll be capped on the amount of whole food you can buy.
two smart women being interviewed!!!!!!!
Blackrocks everywhere
raising rates after boring at 0%. Duh
Take your money out ASAP
Wow, that was a lot of talking to say nothing... lady on the right litteraly swap from bank to fraud in air b&b... 🤦♂️i guess getting expert that know what they re talking about is not easy but c' mon you could have had a finance youtuber and have the same level of quality...
underregulation? true it's the government's fault.
Have to have money in the bank to be worried. Thanks Trudeau
Get money out of democracy problem solved
They don’t understand that if I knew they were watching my periods and banking on me not having kids I would have had more sooner. Likely a relevant comment.
Trick question among collapse everywhere!
Run the banks!!! Liars dice
Yep, they should. The $ is a scam 😂
We need DeFi
She not use twitter,
Why allow comments on this video and not all of them?
Someone else has your money. So, yes, You should be worried about it. Wtf.
I’ll pretend to like someone else but not letting me meet anyone looks terrible given who I am.
Saving us all time and money with honesty & bluntness.
Ripple affects huh. 😏
I pull out all my money and burried it now i can find it cause i forgot where i buried it
Oh god, defund the CBC, this is excessively trash analysis
I HAVE ALWAYS HAD COMPLETE FAITH IN OUR BANKING SYSTEM AND ALWAYS WILL. STUPIDITY AND GREED DON'T SEEM TO BE AT THE FOREFRONT OF OUR CANADIAN BANK EXECUTIVE'S MINDS!!
Canada has never had an economic crisis. Ever.
What is your definition of an economic crisis?
Suggest that to the folks living in cabbage town, Toronto in the 1930s. Perhaps you've never read a book on Canadian history?
@@thegodofwar3744 Most of the folks from the 1930s are dead.
The big banks in Canada are super safe.
Here in Canada we have different regulations than the US not worried at all.🇨🇦
lol why women write their responses beforehand? why can't you just be spontaneously speak from heart ?