Eisman still short Canadian banks

Canadian banks are doubling down on commercial loans as defaults rise, the economy slows and a flat yield curve is hurting profits.  Accelerating loan growth at the end of credit cycles typically ends badly for the lenders.

Steve Eisman, portfolio manager at Neuberger Berman, joins BNN Bloomberg to provide his latest take on the Canadian bank earnings and why he’s now shorting Canadian Tire.  Here is a direct video link.

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