Canadian economy has been in borderline recession for the last 6 months: strategist
With mixed results from BMO and Scotia, Philip Petursson, chief investment strategist at IG Wealth Management, join BNN Bloomberg to discuss an increase in loan loss provisions from the big Canadian banks. Petursson say higher mortgage renewals will be the leading cause for it. He adds the BoC will be paying close attention to big bank results. He expects cuts in either April or June. Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg Connect with BNN Bloomberg: For the latest news visit: https://www.bnnbloomberg.ca For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
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Channel: BNN Bloomberg
With mixed results from BMO and Scotia, Philip Petursson, chief investment strategist at IG Wealth Management, join BNN Bloomberg to discuss an increase in loan loss provisions from the big Canadian banks. Petursson say higher mortgage renewals will be the leading cause for it. He adds the BoC will be paying close attention to big bank results. He expects cuts in either April or June.
Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg
Connect with BNN Bloomberg:
For the latest news visit: https://www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg
BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg
BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg
BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
Video length: 5:38
Category: News & Politics
62 comments
Channel: BNN Bloomberg
With mixed results from BMO and Scotia, Philip Petursson, chief investment strategist at IG Wealth Management, join BNN Bloomberg to discuss an increase in loan loss provisions from the big Canadian banks. Petursson say higher mortgage renewals will be the leading cause for it. He adds the BoC will be paying close attention to big bank results. He expects cuts in either April or June.
Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg
Connect with BNN Bloomberg:
For the latest news visit: https://www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg
BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg
BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg
BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
Video length: 5:38
Category: News & Politics
62 comments
