Rather than give this its own thread I'm simply putting here as a story of national interest.
Canada's Banks have amassed a lot Tier 1 capital (in plain English, high quality, fairly liquid assets than can backstop a bank in the event of a financial crisis).
Depending on what one feels their Tier 1 capital should be at, they have between ~28B-70B in excess capital, or so says this article:
Excess capital can be a negative in investors’ eyes.
www.thestar.com
It would seem our Banks would now like to use this stockpile of cash to go on a shopping spree, likely buying U.S. banks.
I would caution, that while they suggest that regulators require only 9% tier 1 capital; the Basel accords which came out of the 2008 financial crisis actually require 10.5%, and I would personally prefer even more.
A key reason for this being that US stocks look more bubbled than does the Toronto real estate market.
Be that as it may............it seems likely Canada's big banks are about to get bigger.
By assets, Canada's big banks were ranked as the #22, #25, #42, #48 banks in the world in Dec 2020
By market cap our big banks are #9, #14, #17, #22