What Are You Banking On?
Wednesday, April 21, 2021
During the Great Financial Crisis of 2008-2009, Canadian banks fared much better than their international peers, but they still struggled mightily. Investors were skeptical of the Canadian banks for many years thereafter, nervous about their ability to withstand poor economic environments.
My presentation for Odlum Brown's 27th Annual Address explained how the pandemic has given the banks the opportunity to prove these skeptics wrong. Credit losses spiked, capital levels were put under pressure and the banks’ top lines faced headwinds. Yet almost a year later, the story has changed in the bank’s favour.
Watch this video: