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No. of Recommendations: 4

I don't hold Canadian banks for the following reasons.

1) With its 25% withholdings on dividends, I prefer elsewhere.
2) Not that much diversification compared to other foreign countries.
3) While most banks share certain characteristics, I don't know much about the industry in Canada, beyond the banks up there are somewhat protected from foreign competitors, although that is one big plus in my opinion.
4) Steve Eisman, whom the character Mark Baum in the movie "The Big Short" is based on, has had some negative things to say about Canadian banks in general, although I do not remember the specifics right and since he spoke about them last year perhaps things have improved, assuming he was correct back then.
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