Dec. 2020. UK Health Secretary Matt Hancock: "When do we deploy the new variant?"
BMO earnings highlights
Q1 net income (adjusted): $2.3 billion (-12% Y/Y)
Earnings per share (adjusted): $3.22
- “The quarter-over-quarter increase in embedded PCL is consistent with the expected normalization trend in delinquency rates in unsecured consumer loans and credit cards, which still remain below pre-pandemic levels,” said Piyush Agrawal, Chief Risk Officer. “For real estate secured lending, we continue to view the risk from higher rates as modest, given a high credit quality borrower base and low LTVs.”
- “The total provision for credit losses was $217 million or 15 basis points, down $9 million or 1 basis point from prior quarter,” Agrawal added. “Impaired provisions for the quarter were $196 million or 14 basis points flat to the fourth quarter. The strong impaired loan performance is due to low formations, which continue to be below pre-pandemic levels. We do expect impaired provisions to return to more normal levels over time.”
- “The riskier segment renewing over the next 12 months is nominal given our portfolio quality,” Agrawal said.
I want to see Bukele on Nostr.
JUST IN - #Tether and #Bitfinex banked with falsified documents and shell companies — WSJ
RBC earnings highlights
Q1 net income: $3.2 billion (-22% Y/Y)
Earnings per share: $2.29
- RBC added $28 billion of mortgages to its portfolio over the last 12 months, up 8% from last year.
- “Our outlook for the mortgage business for the full year would be mid-single digits,” said Neil McLaughlin, Group Head, Personal and Commercial Banking. “But there isn’t anything…based on what we are seeing, where negative growth in the quarter would be something we would expect.”
- “While interest rates may be peaking, they may remain higher for longer as tight labour markets and other supply imbalances keep inflation high and constrained economic and market activity,” said President and CEO Dave McKay. “Furthermore, the global economy remains susceptible to geopolitical shocks and regional political deadlocks. Overall, evaluating all the moving parts, we do forecast the softer landing characterized by a modest recession, largely underpinned by the impact of rising debt service costs on the consumer.”
- “On the whole, we believe the probability of a more severe inflation and interest rate environment has started to reduce,” said Graeme Hepworth, Chief Risk Officer. “However…we continue to expect a moderate recession in 2023.”
BUY ZONE 
Advisors like to draw a triangle to show a foundation of insurance, emergency funds, etc at the bottom and risky investments at the top.
In my model I have cash flow at the bottom of the triangle.
Trudeau says he cannot control inflation because it is a GLOBAL issue.
Then says GLOBAL CLIMATE CHANGE can be controlled if Canadians just pay higher CARBON TAXES.
Mortgage Rates - March 2, 2023 - Ontario, Canada
Its going down folks. Your data is just delayed.
Mortgage applications for home purchases fall to a 28-year low, per Michael Kantro:
The Infinite Banking Concept is a way to create a steady stream of income that can support you and your family for years to come, regardless of economic conditions.
#InfiniteBankingConcept #IBC #BecomeYourOwnBanker #Bitcoin #Interest #Taxes #RealEstate #CashFlow #Inflation #plebchain #nodestrich #Canada #Ontario #Austrian #libertarian
Initial Jobless Claims FEB/25 at 8:30am.
Previous 192k
Consensus 195k
