If you are a Canadian Index Investor you may be heavily exposed on Bank investments (or financial investments in general). You should look into this further, and figure out if you are comfortable being that invested in Financial Institutions.
I got a very good comment from someone who calls themselves Anon Banker, about the Tied Selling Banking Regulations and how that should stop banks from forcing you to have a chequing account with them… Read More »Banking Regulations our Friend
How do banks differentiate themselves in Canada? Bank services? Not really, so how do these firms make such enormous profits year over year?
In order to keep their profits up, up selling in banking continues at a break neck pace. Every time you enter the bank you are told about new opportunities.
Read about my frustrating experience with a blocked transaction in 2015 when trying to deposit funds into my son’s RESP.
