A warning sign from the Big Banks of a possible recession
The six biggest banks in Canada – RBC, Scotiabank, BMO, CIBC, TD, and National Bank recently reported their second-quarter earnings. The majority did not hit target expectations. While banks don’t always meet analyst forecasts, the fact that so many of them had disappointing results in the same period is surprising. Stefanie Marotta reports on banking for The Globe. She’s on the show to explain what’s behind these lower-than-expected profit numbers and what it means for the economy – and Canadians.
Audio is streamed directly from the publisher (afp-119681-injected.calisto.simplecastaudio.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The six biggest banks in Canada – RBC, Scotiabank, BMO, CIBC, TD, and National Bank recently reported their second-quarter earnings. The majority did not hit target expectations. While banks don’t always meet analyst forecasts, the fact that so many of them had disappointing results in the same period is surprising.
Stefanie Marotta reports on banking for The Globe. She’s on the show to explain what’s behind these lower-than-expected profit numbers and what it means for the economy – and Canadians.
Questions? Comments? Ideas? E-mail us at [email protected]
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.