You are witnessing Bear Stearns 2.0.
I'll never forget Bernanke saying on TV that Bear Stearns was meaningless. 

3 months later the economic world collapsed.

You will now hear all the players say these periphery players will not hurt the core banking system. 
Contagion is contagion. Every bank in Canada is now suspect.

This is your cue to run.  

Now we have bail-ins where the govt will take your cash, your pension cash, etc and give you worthless shares in a bankrupt bank. 

If you aren't concerned you dam well better be.

Your banking system will collapse within the year.