After the collapse of Silicon Valley Bank, how likely are bank failures in Canada?

The world economy continues to feel the ripple effects after U.S. authorities took over Silicon Valley Bank last Friday.

"No bank is immune to a bank run," Western University's Cristián Bravo, who is the Canada Research Chair in banking and insurance analytics, told CTVNews.ca over the phone Tuesday. "If everyone goes to the bank and tries to withdraw their money, that is going to cause a collapse." SVB, facing a lack of liquidity, announced last Wednesday that it had sold off these investments at a loss and needed to raise capital to fill a massive hole in its balance sheet.

"Canada’s banks are well-capitalized with robust capital ratios, have diversified business models and funding sources, and must meet rigorous liquidity standards set by federal regulators," the association said. "The Canadian banking system is widely recognized for its prudent lending and risk management practices, diligent government oversight, and sensible regulation based on the core tenets of safety and soundness.

A lot more likely now that Credit Suisse is tanking.

Nothing in this useless article really addresses that question. Thanks, CTV.

You will have nothing.. no privacy and you will be happy.. eat the rich before it's too late

Ask Klaus Schwab, Turdo's boss

Banks should be like casinos... have enough moola to cover the floor! Not one does!

Banks became very creepy the past few years. People see this.

You don't have any happy grandma stories?

Well, there's no sense in paying those bills now is there? I mean, if you're carrying a lot of debt load , and the banks gonna fold anyways.. that would be kind of like paying your bar tab on the titanic after it hit the iceberg. Does it really matter

I don't care I make 13% off of my crypto savings account

None. The one thing Harper did when in office was protect the banks and people's money.

not surprised this happend, our money is safer in our pockets

Every bank that froze accounts illegally should go out of business.

Very low. Freeland and BOC have everything under control.

All on yes

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