Why are Canadian banks getting hammered today?

0
0
Marked as spam
Asked on May 2, 2023 1:07 pm
0 views
0
Private answer

Hey there,

I think just overall weakness and uncertainly about the regional banking situation in the US. After First Republic's failure over the weekend, a few more today made big drops and had to be halted. SO that uneasiness combined with the US Feds interest rate decision upcoming + fears of a recession...all playing a factor on Canada's financial sector as well since we are so interconnected. I wouldn't worry too much about daily fluctuations like this.

Mta

Marked as spam
Posted by Mathieu Litalien
Answered on May 2, 2023 4:08 pm