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Monthly Archives: May 2020
Canadian credit cycle starting to bite
As Canadian banks begin reporting their second-quarter earnings this week (for Feb thru April), Bank of Nova Scotia was first on deck with a 39% drop in profits and a 111% increase in loan loss provisions. Since business lockdowns and … Continue reading
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Rosenberg: It will take years to get to normal, assuming a vaccine
“It’s going to take years – maybe three, four, five years to even get back to normal, and that’s assuming we get a vaccine,” Economist David Rosenberg explained in an interview with BNN Bloomberg Monday. Here is a direct video … Continue reading
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Reopening is not business as usual
As many North American businesses move to reopen with social distancing this month, China offers a glimpse of why business-as-usual is unlikely to follow. After a strict lockdown bent the spread of COVID-19 in April, China has reopened schools and … Continue reading
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