What tanking bank profits and billions in loan loss provisions mean for Canada's economy
We look at what the first-quarter bank earnings in 2020 say about the Canadian economy, through a conversation with Som Seif, CEO of Purpose Investments.
Despite historic losses one expert says it's not as bad as it could have been
When Canada's big banks report quarterly earnings it's often a predictable affair: the banks make a bunch of money, Canadians see that, grumble about high fees and then we all go about our day.
In the middle of a pandemic, however, those earning results take on a whole new significance.
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Cost of Living host Paul Haavardsrud talks to Som Seif, CEO of Purpose Investments, to find out what the banks have to say about the state of Canada's economy.
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