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SHORTING Canada bank

d-lod

dawn
Silver Miner
Joined
Apr 18, 2010
Messages
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Location
toronto/asia
#1
https://www.bloomberg.com/news/arti...plus-drop-in-canada-bank-stocks-on-short-call

Steve Eisman, the money manager who foresaw the collapse of the U.S. housing market, is now predicting a “20 percent plus" decline for Canadian bank stocks as credit conditions “normalize” and loan losses jump.


Eisman said that he’s shorting Royal Bank of Canada, the country’s biggest lender, along with Canadian Imperial Bank of Commerce and Laurentian Bank of Canada. In an interview Tuesday with BNN Bloomberg Television, he also said he’s targeting mortgage insurer Genworth MI Canada Inc. and alternative lender Home Capital Group Inc.