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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
Author Archives: Danielle Park
Deteriorating outlook upping the heat on paused Bank of Canada
Today, we received further confirmation of Canada’s deteriorating labour market, with March payrolls falling 54,100 to a 10-month low, and a negatively revised 40,200 fewer jobs in February (Stats Can survey of employers, payrolls, and hours). Canada’s largest lender, Royal … Continue reading
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Prices re-tethering to income
Ultra-luxury goods are often regarded as recession-proof, with steady demand regardless of the state of the economy. But that’s not what is happening. During the pandemic, when ‘free money’ policies sent demand for goods through the roof, many luxury companies … Continue reading
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Denmark finds courage to act on needed entitlement reform
Denmark raised its retirement age last week to 70 for Danes born in 1971 or later. Workers currently become eligible for the Danish equivalent of Social Security at age 67, which will go up steadily in the coming years. See: … Continue reading
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