🚨Canadian banks under pressure. 

BMO, TD and CIBC have negative amortization on a FIFTH of their mortgages.

Rates need to come down.

Or principal will keep rising in a down market.

Big problem. pic.twitter.com/SOcqK65BG9

— Genevieve Roch-Decter, CFA (@GRDecter) September 17, 2023