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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
Monthly Archives: October 2021
Supply arriving as demand recedes
Consumers increased their spending on durable goods (which last more than three years) by 40% between March 2020 and March 2021, as much as over the previous four years. Producers and suppliers were understandably unprepared, which led to shortages, backlogs, … Continue reading
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Restaurant sector disruption continues
A couple of weeks ago, we met friends for dinner indoors at a well-established, mid-range bar-restaurant that had been busy for years before the pandemic. We made a reservation, presented proof of vaccination as required, and were one of just … Continue reading
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Canada leads in most unsustainable housing bubbles
Canada has a housing problem that magnifies economic and social instability through malinvested resources, oppressive debt, low savings rates, reduced household formation, low birth rates, gambling and drug addiction. Anyone that doesn’t understand the policy-supported links between casinos, money laundering, … Continue reading
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