No competition, bad for customers.

Fantastic! CTV/CBC should air this in it's entirety AND pay you the big bucks for making it. Canadians need to see this & you guys deserve a reward for making it.

During Covid they were sending us letters of how hard things were because of Covid yet never did anything to actually help people.

You both are doing a wonderful job without any of the scare mongering and fear baiting across Youtube. Deeply appreciate your effort, research, style, and delivery,

The best explanation of the bank's powers I have ever heard.

Very instructive video. Great job explaining and informing people. Keep it up!

I really appreciate your videos.  I'm amazed that someone who moved here from another country knows more that I do, having been born here.  I am officially impressed with you. ❤ from a fellow Canadian. 😊

Haha TD actually Cut my interest rate on my high interest savings account when interests sky rocketed but raised the interests on my line of credits and offered  all sorts of new lines of credits, loans, credit cards.

Worst thing that ever happened was allowing TD to gobble up Canada Trust.

I had a light bulb moment.  Thanks for your analysis, to quote Billy Holiday- "them thats got shall get, them that's not shall lose, so the Bible says but it still is news".  God bless the child that's got his own.

As someone who has worked for 2 of the big 6, whole heartedly agree to move the money out of the big banks asap. Especially investments if you hold mutual funds, those fees are atrocious while offering no additional value. Buy the etfs on your own brokerage account, you will literally save 10s of thousands over your lifetime.

same with groceries, cell phone plans, insurance, etc. all monopoly cartels

You guys rock. I'm so glad to hear more Canadian voices say enough it's enough.

I've been wondering about this. Well presented!

Meanwhile our govt's keep scapegoating immigration for this structural problem...

Canada has no competition in banking and telecommunication. We pay some of the highest fees on the planet for services render by those industries.

I remember screaming at my screen everytime the government and the banks come up with a new plan to make housing more "affordable." All they did was increase the demand for an under supplied market. Great content 👌

If you look at the top ten shareholders of all five major Canadian banks, you will find the other four major Canadian banks. We have no competition here. Your local Credit Union is the only alternative.

I have been banking with the same major Canadian bank for about 45 years. I have used other (big six) banks before but it seemed they were more difficult than the one I currently use.
Despite that, it has always been obvious to me the disparity between lending and saving interest rates including what your video demonstrates. It is obvious that the government must install a maximum gap between the two rates as the banks certainly won’t.
The banks have shown to be more than willing to turn a blind eye towards laundering or other forms of questionable or even illegal behaviour.
Although pension funds do well when the banks do well, when people or organisations break the law, someone gets hurt.  This can be individual, a lot of individuals, or the population as a whole by creating environments when people are siphoning off society’s funds and assets. The banks do not care, unless they get caught, not for the fines, but for the optics.
They provide us this image that they are on “our side”, so when it becomes apparent they either don’t actually care, or worse that their behaviour is designed to cheat…I mean, cost us more, they do anything they can to salvage their reputation.

Thanks for your video, I learnt a lot! :)

Have seen time and time again how hard it is for a small business to get a back loan

A very intuitive explanation of how home ownership incentivization digs people deeper into debt and creates a moral hazards.  Banks end up lending carelessly because tax payers absorb the consequences of bad loans.  This also diverts investment money into banks rather than the productive economy, causing national producivity to drop and the nation to become less competitive.

Thank you for your clarity and how well the info you present is organized.