Canadian Banks Brace for Slower Growth | Q2 Preview

The Beavis Wealth Podcast

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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:
📰 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.
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