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this is why a lot of other news agencies arent picking up this story is because this is old news this is the product of what happened in December of last year Canadian banks are preparing for massive pain in the credit markets the Toronto Star is reporting that Canadian banks have now put aside 2.5 billion dollars in order to prepare for credit losses including those coming from mortgages and the article suggests that theyre preparing for a coming wave of expected loan defaults and this comes on the heels of the big Banks reporting their 2022 profits which includes the sharing of their most recent financial statements and those financial statements of course include the increased buffers with respect to the provisions for future losses but are the banks really preparing for a loan default apocalypse or is there something else to this story well the answer is there is more to this story and I want to talk about all of that in this video but before we get into it my name is Lola Matth
