Why Did Silicon Valley Bank Collapse? What Caused SVB, Signature and US Banks to Fail? What Lessons Can We Learn as CANADIAN Investors? Are Banks Safe in Canada? How Can We Protect Our Money with CDIC and CIPF?

The US Banking system is in a panic with the collapse of Silicon Valley Bank, Signature Bank and Silvergate all within a week. There were grave mistakes made across the board but it’s important to remain calm and rest assured that the Canadian banks are not in trouble and I’ll explain why. We should use this as an opportunity to learn from the mistakes made at these US regional banks and that’s what this video is for. I want to emphasize 3 important lessons that Canadian Investors can take away from this situation: Diversification, the Importance of an Emergency Savings Fund and how to Protect your Money from Bank Failures. I’ll also go into detail on how the government protects our money and insures both our savings and investments through the CDIC and CIPF, as long as you use them right. I hope you find this video helpful and it puts your mind at ease during these troubled times, enjoy! 🇨🇦

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SKIP AHEAD ⏩
-Intro: 0:00
-SVB Collapse: 1:10
-Bonds Drop: 2:00
-Bank Run: 4:17
-FDIC - Money Gone?: 5:45
-Diversification: 7:41
-Emergency Savings Fund: 10:13
-Protect From Bank Failure: 13:16
-CDIC - Savings: 13:58
-CIPF - Investments: 16:49
-Canadian Banks Safe? 19:01

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