Devlin, Rosenberg warn current levels of interest rates in Canada are unsustainable
Bay Street Veterans discuss what Canadian banks being hit by higher-than-forecast provisions for loan losses signal regarding the economy. David Rosenberg, Founder and President of Rosenberg Research says Canada's household debt is concerning. Meanwhile, Ed Devlin, Founder of Devlin Capital, Senior Fellow at C.D. Howe Institute and Former Head of Canadian Portfolio Management at PIMCO says there is a lot of distortion happening because of immigration, including housing prices not coming down as fast as expected amid rate hikes. 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
Bay Street Veterans discuss what Canadian banks being hit by higher-than-forecast provisions for loan losses signal regarding the economy. David Rosenberg, Founder and President of Rosenberg Research says Canada's household debt is concerning. Meanwhile, Ed Devlin, Founder of Devlin Capital, Senior Fellow at C.D. Howe Institute and Former Head of Canadian Portfolio Management at PIMCO says there is a lot of distortion happening because of immigration, including housing prices not coming down as fast as expected amid rate hikes.
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: 8:28
Category: News & Politics
191 comments
Channel: BNN Bloomberg
Bay Street Veterans discuss what Canadian banks being hit by higher-than-forecast provisions for loan losses signal regarding the economy. David Rosenberg, Founder and President of Rosenberg Research says Canada's household debt is concerning. Meanwhile, Ed Devlin, Founder of Devlin Capital, Senior Fellow at C.D. Howe Institute and Former Head of Canadian Portfolio Management at PIMCO says there is a lot of distortion happening because of immigration, including housing prices not coming down as fast as expected amid rate hikes.
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: 8:28
Category: News & Politics
191 comments
