Free Republic

Bank of Nova Scotia ... the Canadian lender missed fourth-quarter profit estimates as uncertain economic climate prompted it to set aside more funds to guard against bad loans. Scotiabank kicks off Canadian banks' earning season, wrapping up a financial year marked with economic uncertainty, rising credit loss provisions as more consumers struggle to pay off their mortgages, layoffs to cut costs, and rising expenses. The bank's shares fell nearly 5% in early trading, dragging down Canada's main stock index (.GSPTSE). Lenders have been bracing for a surge in loan defaults as effects of the central bank's monetary policy tightening flow...

Canada has become one of a growing list of nations facing backlash from citizens over COVID-19 curbs. Protests began in late January in response to new laws for cross-border truckers. Effective 15th January, all cross-border truck drivers became subject to mandatory vaccine and quarantine requirements....In response to the state of emergency, Canadians have been reportedly withdrawing money from bank accounts in fear of assets being frozen. UK economic journalist James Melville posted graphs of bank outages from last week, reflecting the surge in banking activity.

Recent posting by Candor7 is worth its own discussion. What are you doing to protect you and your loved ones from Obanomics? ------- From: Candor7 (Freeper) To: True Republican Patriot Well, I have moved ALL of my family savings and prtfolio to Montreal. We are liquidating everything and sending it to the country that has the most stable banking system in the world. Anyone can do the same inside the USA by opening an account at a Canadian branch bank, and putting money into an account, and then investing in bearer bonds or preferred shares in the bank, redeemable here...