Bank of Nova Scotia T.BNS

Why all banks are in RED like this

[Ichiforever]

(-1.90%)

Someone could explain?
Thanks

[mydividends]

The BofC and the Fed have indicated that they're going to keep raising rates to fight inflation. This causes borrowing costs to keep going, adding to the worry that new loan growth will slow down going forward, which is seen as a negative for the banks (especially with a possible recession coming). That being said, I still think the Canadian banks are great places to invest. They're all

[BiggyG]

As to your point re housing market not crashing, better rethink that one. Consider the offshore buyers buying up the market.

[mydividends]

Even if the housing market crashes 20%, collectively it would still be up 30% after the 50% increase in prices it saw in the last two years. " Cooling off"as they say is what's desired right now, rightfully so though because the rate of increase was insane. Record low rates for too long were to blame. But that being said low supply, high demand, increased immigration will all play

[Ichiforever]

Thank you so much

[Dibah420]

The number crunchers reassure us that Canadian banks are sound, and their dividends safe; but too many other pundits screaming that the sky is falling, the sky is falling. Mostly  shorts, some retail  capitulating, others getting margin calls.  I suspect there is more to come. But when we reach bottom, or shortly thereafter, be prepared to bring out your dry powder.  Won't

[BiggyG]

Canadian banks with all of our regulations are still the bluest of the blue chip stocks, rock solid and cash cows. US banks on the other hand not so much imo