Canadian Banks Report Mixed Q2 Earnings | TD, BNS, BMO & NA

The Beavis Wealth Podcast

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Date: Wednesday, June 19, 2024
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In this episode, we explore the latest earnings reports from Canada's biggest banks, which show a mix of profit declines and resilience in the face of economic pressures. Higher costs and increased provisions for potential loan losses are common themes. We break down the numbers from TD Bank, Scotiabank, Bank of Montreal, and National Bank of Canada.

Also in this episode:
🪙 Rising debt concerns as more Canadians make only minimum credit card payments, influenced by the cost-of-living crisis and high-interest rates.
💼 ConocoPhillips to acquire Marathon Oil in a $22.5 billion deal, adding significant reserves and cost savings.
👔 Gildan Activewear CEO Glenn Chamandy re-elected to the board, aiming for leadership stabilization after a period of internal conflict.

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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
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This content is sponsored by BMO Exchange Traded Funds.

This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be construed as, investment advice to any party. Any securities described herein must be evaluated relative to the individual’s investment objectives and risk tolerance, and professional advice should be obtained with respect to the individual’s particular circumstances.

The views expressed herein by Beavis Wealth regarding a particular company, security, industry, or market sector should not be considered as an indication of trading intent of any investment funds managed by BMO Global Asset Management. Any reference to a particular company is for illustrative purposes only and should not be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any investment fund managed by BMO Global Asset Management is or will be invested. This social media network is an independent organization and is not affiliated with BMO Global Asset Management.

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