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Cory’s Chart Corner
Load MoreWow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
@business
Daily Archives: June 15, 2017
Worth following: Green Energy Futures
Green Energy Futures is a multi-media storytelling project that is documenting the clean energy revolution underway. It tells the stories of green energy pioneers who are moving forward in their homes, businesses and communities. Here is the website. You can … Continue reading
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Canada’s real estate trainwreck accelerating toward predictable conclusion
Realtor sees ‘troubling’ downturn in Toronto housing as sales drop 44%. New numbers suggest the rapid decline in Toronto home sales is accelerating. Here is a direct video link. As we wrote on Monday, because income gains have not kept … Continue reading
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After bubbles bust: lessons from Calgary’s vacant skyscrapers
Rapid expansion on easy credit can look like progress in the short run, but the process seduces capital to malinvestment, creating superfluous supply followed by an inevitable bust and years of economic stagnation thereafter. At the leading edge of the … Continue reading
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