Canada’s chartered banks took a combined multibillion-dollar earnings hit Thursday, driving down stock markets in Toronto amid growing fears of a recession that could result in a deluge of bad loans.
Royal Bank of Canada, TD and CIBC all reported lower second quarter earnings numbers on Thursday, following lower numbers from Bank of Montreal and Scotiabank the day before.
Shaun Polczer is the Business Reporter for the Western Standard, based in Calgary. Formerly, a business reporter for the Calgary Herald, he has also held senior positions at the Daily Oil Bulletin, and the London Petroleum Economist.
This is the result of Turdough & Freeland Economics . . . Tax, Print & Spend . . . like Obama's ole Marxist Preacher said "The Chickens are Coming Home to Roost" ! ! !
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This is the result of Turdough & Freeland Economics . . . Tax, Print & Spend . . . like Obama's ole Marxist Preacher said "The Chickens are Coming Home to Roost" ! ! !
Hello BRICS, goodby swift, lets have a Jubilee.
Blame the Feds. They set this up perfectly
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.