Three of Canada's largest banks are seeing ~20% of their outstanding mortgages in negative amortization.
— The Kobeissi Letter (@KobeissiLetter) September 18, 2023
What does this mean?
Monthly payments on ~20% of mortgages at BMO, TD, and CIBC are no longer enough to cover interest expense.
This means you end up owing more than your… pic.twitter.com/pGHhOQ7G2D
Even indigenous Canadiens can’t remember the words to their own National Anthem? Says volumes
https://www.dailymail.com/sport/football/article-16182031/canada-anthem-fail-peru-montreal.html