Rob Wessel was on BNN Bloomberg discussing the latest reporting results for the Canadian banks. More specifically, Rob provided his thoughts on: (i) rising loan loss provisions and whether credit is deteriorating or normalizing; (ii) bank valuations and the ongoing tug of war between analysts and the market; and (iii) TD’s profit warning amidst the current macro environment.

Credit is normalizing; Banks are Missing Estimates on Building Reserve


TD’s Profit Warning Doesn’t Come as a Surprise in this Macro Environment

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