Canadian financials make up 34% of the TSX composite index and are similarly overweight in most Canadian equity funds, managers and portfolios. The end to a decade long commercial and household credit boom has broad implications for Canadian lenders, borrowers, investors and the economy.
Steve Eisman, portfolio manager at Neuberger Berman. joins BNN Bloomberg to weigh in on the performance of Canada’s banks in the second quarter. Eisman says that he’s been adding to his Canadian bank short positions. Here is a direct video link.
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