He is much better off if he hasn’t spent the money investing in real estate anyways. Its doubtful that in this market he would have been doing well since he obviously has no knowledge of the subject.
But if I’m the Bank of Canada, I’m filing the default papers and going after my money before he spends it all on weed.
“But if I’m the Bank of Canada, I’m filing the default papers and going after my money before he spends it all on weed.”
That’s the “Royal Bank of Canada”, AKA RBC, a private corporation. The Bank of Canada is a crown corporation and serves much the same purpose as the Federal Reserve in the US.