Canadian Banks Brace for Slower Growth | Q2 Preview
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đź“Ą Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ https://thepulse.beaviswealth.com/ In this episode, we dive into the latest earnings preview for Canadian banks. TD Bank will kick off earnings season, with slower profit growth expected due to high borrowing costs and economic slowdown. Analysts predict a potential 4% drop in earnings, influenced by increased reserves for loan losses, higher costs, and strict capital requirements. Also in this episode:đź“° Canada's April inflation cools to 2.7%, sparking speculation of possible rate cuts.📉 CIBC's Benjamin Tal updates his outlook, predicting a cautious yet strategic approach to upcoming monetary policies.----------- Thank you to BMO ETFs for their support of this video. To learn more, visit BMOGAM.Com. Also, thank you to Qtrade Direct Investing Online Brokerage (Get $50 upon opening and funding a new account, up to $150 for 3 accounts). -https://api.fintelconnect.com/t/l/6583645fd703fa001b0af6e5 Courses & Training - The Investing Academy ➤ https://bit.ly/theinvestingacademy Follow Us On Blossom ➤ https://getblossom.page.link/brandonInstagram ➤ https://bit.ly/3OechghTikTok ➤ https://bit.ly/3PlNvfwLinkedIn ➤https://bit.ly/3RLndF7Website ➤ https://www.beaviswealth.com----------- 🏦🇨🇦 Sign Up Bonuses đź’°đź’¸: â–ş Qtrade Direct Investing Online Brokerage (Get $50 upon opening and funding a new account, up to $150 for 3 accounts). - https://api.fintelconnect.com/t/l/6583645fd703fa001b0af6e5 â–ş Questrade Online Brokerage (Get $50 in commission-free trades) - https://bit.ly/3OhrRrKâ–ş Wealthsimple Trade ($50 cash bonus when you deposit $150 or more) - https://bit.ly/3v1FBQtâ–ş Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) - https://bit.ly/3Pm2g1Zâ–ş NEO Financial (Cash Back Credit Card) - https://bit.ly/3yJqb4s The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances. Business Inquiries: [email protected] ----------- Beavis Wealth Disclaimer: 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. ----------- BMO Disclaimer: 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 ad
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