GREY:CVHIF - Post by User
Comment by
Luminouson May 11, 2017 9:43am
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Post# 26230602
RE:FYI Luminous
RE:FYI LuminousMas check out EQB another subprimer getting decimated. Also SCB and how many others still coming?
A few years ago there was no subprime in Canada, now there are.....but it's only 1% of mortgages, in a few months it's going to be just 5%, then 10% and on and on.
Now Canadian banks getting down grade this morning on massive consumer debt, mainly in the form of mortgages:
https://www.bnn.ca/moody-s-downgrades-canada-s-big-6-banks-on-consumers-debt-burden-1.748450