Banking on resilience: An outlook on Canada’s financial sector

06/19/23 • 22 min

In a time of global economic uncertainty, concerns about how the US banking crisis might impact Canadian banks and the overall economy, have emerged. But it’s time to put those worries to rest. The Canadian financial system stands on solid ground, compared to its American counterparts.

In this Smart Advice episode, we delve into the state of the Canadian economy, with senior equity research analyst David Andrich. With a keen eye on bank stocks and their implications, Andrich shares his optimism for the Canadian economy despite some potential headwinds.

For those seeking a deeper understanding of how Canada’s well-structured financial system acts as a safeguard against turbulent economic conditions, this episode is for you.

For those seeking a deeper understanding of how Canada’s well-structured financial system acts as a safeguard against turbulent economic conditions, this episode is for you.

Previous Episode

Rent vs buy: A conversation with Benjamin Tal

Homeownership remains a top goal for many Canadians, but with rising interest rates and inflation, many are feeling like it’s becoming further out of reach. In this episode, CIBC Deputy Chief Economist Benjamin Tal discusses the realities of the housing market. We explore the general mindset on renting in Canada, whether it is a good time to buy a home or take on an investment property and how developers are unable to supply family-friendly units. If you want to learn more about the housing market and its future, tune in to the episode.

Next Episode

The great Canadian wealth transfer: From baby boomers to beneficiaries

Canada is currently experiencing one of the largest intergenerational wealth transfers in history. An estimated $1.1 trillion will change hands as the baby boomer generation passes on their wealth. But passing assets to your beneficiaries isn’t as simple as handing over the key to a house.
In this episode of the Smart Advice podcast, we revisit a timely conversation from our recent virtual event with CIBC experts Richard Voss, Director of Wealth Strategies, and Marilyn Andrade, Senior Trust and Estate Consultant. This episode is highly relevant to anyone looking to pass on assets whether it’s a house, investments or heirlooms and to the beneficiaries receiving them.