Monday Monitor

Canadian Banks Breaking Down?

Some highlights from this weekend’s Event Driven Monitor

Have a friend with an ED (“Event-Driven”) problem?  Forward this newsletter to them and they can sign up for their own ED fix right to their inbox:



The Event of the Week

Basket of Canadian Banks Breaking Down

Canada. You know, the place where all the banks lent against overpriced real estate, using floating rate mortgages…

As you can imagine, it’s going bad, and fast. According to Unusual Whales, one in every five home loans at three big Canadian banks are now negatively amortizing…

“Three prominent Canadian banks have disclosed that approximately 20% of their residential mortgage borrowers, representing nearly $130 billion in loans, are experiencing a situation where their outstanding balances are increasing because their monthly payments no longer cover the full interest owed.”

Clearly, the shareholders of these banks are not amused. Look at the chart on the following page as Canadian banks just sit perched on support and seem to be finally breaking key levels (we’re short)…

Subscribe Now To Keep Reading…


Kuppy’s Tweet of the Week

Reminder to you ETF watchers that bonds don’t trade* until tomorrow…

Chart and Kliff Note of the Week

Insiders have perked up in the miners and servicers:

One such example is at the gold miner Wesdome Gold Mines (WDO CN). This name was also featured in the most recent Grant’s Interest Rate Observer.

5 other miners or mining adjacent names popped up on the Cluster Insider Buying Monitor this week…

Subscribe Now for More Event-Driven Opportunities


Friends of KEDM



Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.”  One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!

Subscribe Now


Subscribe to our weekly email newsletter
The Monday Monitor to get free KEDM insights sent right to your inbox.

You’ll get the KEDM Event of the Week, KEDM’s Kliff Note and Chart of the Week, and our selection of the week’s best research, commentary and more from others in our Friends of KEDM section.