Silicon Valley Bank collapse: Ripple effects to be felt by Canadian households

The ripple effect from the collapse of Silicon Valley Bank (SVB) continues to reverberate around the world. As Anne Gaviola explains, a major downgrade of the entire U.S. banking sector from a major ratings firm will impact Canadian household finances.

• European Central Bank hikes rates 50 basis points despite banking turmoil
• SVB’s collapse was a ‘bank sprint, not a bank run.’ Did social media fan the flames?
• SVB instability could drive some Canadian mortgage rates lower. Here’s why