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🇨🇦 Big Six Banks Q2 2025 Earnings Snapshot: • Earnings: TD, BMO, CIBC & National Bank beat expectations. • Provisions for credit losses (PCLs): Sharp increases across all banks, signaling concern over economic headwinds. Detailed breakdowns for each bank👇 RBC:

“What is Bay Street signaling about the economy?” My latest in The Globe and Mail In Q2 2025, Big Six banks’ PCLs reached 0.15% of total loans—the highest since 2010, excluding Q2 & Q3 of 2020. Bay Street is bracing for economic headwind! 📰 Read here: theglobeandmail.com/investing/pers…

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Facebook is going to go crazy when they see these tweets next month

The craziest part is that we are still early in this downcycle Where will insolvencies be a year from now?

Which dimension are we playing chess in now?

The richest person in the world and the most powerful person in the world are calling each other names on the internet.

Unemployment rate rises to 7.0%, the highest since 2016

Unemployment rate rises to 7.0%, the highest since 2016  www150.statcan.gc.ca/n1/daily-quoti…

OnlyFans is the most revenue-efficient company in the world, per Variety:

Toronto's unemployment rate hit 9% in May. Outside of COVID, that's the highest since 2012

Missed mortgage payments are driven by loans originated in 2021-2023, per Equifax

The current surge in mortgage delinquencies is concentrated in Ontario & BC, driven by their high mortgage balances:

Canada's non-mortgage delinquency rates are at GFC levels:

What the Bank of Canada’s rate hold means for your mortgage podcasts.apple.com/ca/podcast/the…

According to the Bankers Association, mortgage arrears dipped across Canada in March 2025--except in B.C. and Ontario.

Why an increase in mortgage-free young people is a worrisome sign theglobeandmail.com/investing/pers…

Fewer Ontario cities will hit housing targets amidst ‘major crisis’: minister globalnews.ca/news/11216881/…

‘A very emotional thing’: U.S. resort owners try to win back Canadians ctvnews.ca/canada/article…