Canadian Banks Brace for Slower Growth | Q2 Preview
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- čas přidán 21. 05. 2024
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In this episode, we dive into the latest earnings preview for Canadian banks. TD Bank will kick off earnings season, with slower profit growth expected due to high borrowing costs and economic slowdown. Analysts predict a potential 4% drop in earnings, influenced by increased reserves for loan losses, higher costs, and strict capital requirements.
Also in this episode:
📰 Canada's April inflation cools to 2.7%, sparking speculation of possible rate cuts.
📉 CIBC's Benjamin Tal updates his outlook, predicting a cautious yet strategic approach to upcoming monetary policies.
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Welcome back, Marc! Always great to tune in to your channel.
Thanks so much! It's nice to be back.
Great video :D As always ;)
thanks Marc !!
My pleasure! Thanks!
Thank you for the information. Much appreciated.
You bet!
Beavis wealth news is back
Ya... back in business!
Great to see your videos again!
Thank you. 🙏
Welcome back!
Thank you!
watching this super stoned and the accent got me trippin
😂
What distilleries? We need a tour!
We did Aberlour, Glenlivet, Glen Grant, Glenfiddich.... probably forgetting a couple, but those for sure. 👍
@@beaviswealth very nice! We can’t wait to get out for a tour of Campebeltown and Islay.
Welcome back! Thanks for the updates.
Thank you too!
Top of the mornin to ya, Marc
And to you too! 😊
Yes. The distilleries.. mmmmm
It seems like the banks have went nowhere for so long now. I only own them for the growing dividends.
Any presumed optimism about our economy is a mental health issue. I love the soft words we use to make our economic doom look like a little mistake. This results in mass drug addictions, homelessness, actual food starvation, murders, family fracturing. Canada is in a silent recession and we're seeing the detrimental affects. This isnt' a little "oopsie" get ready to see beasts made manifest in the people of canada. We will see how ugly this gets.
Brandon: My Dad has a Scottish Twin???
😁
Welcome back !
Thank you... it's good to be back.