News Formal

Scotiabank analyst see ‘downside risks’ to bank stocks in a higher-for-longer interest rate backdrop

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 40 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 92%

Rate Notícia

Canada,Inflation,Generation

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Scotiabank bank analyst Meny Grauman warned clients that higher for longer interest rates hurts Canadian banks too,

“The ‘Higher for Longer’ rate scenario hit U.S. banks stocks hard on Friday, but the reality is that Canadian banks are also vulnerable to shrinking rate cut expectations. After all, it is not just U.S. markets that are walking back rate cut expectations … The ‘Higher for Longer’ rate scenario in the U.S.

“The 2024 budget is supposedly going to be about ‘fairness for every generation.’ Clearly there is an attempt here to resonate with the younger millennial cohort, which has been struggling with inflation and housing affordability challenges. But let’s not forget that their parents did, too. Boomers, the peak of which moved into their 30s in the late-1980s, grappled with deteriorating housing affordability amid rampant price growth and high interest rates.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Earnings surprises will likely be to downside: tastylive CEOIs now truly the most exciting time to be an investor? tastylive Founder and CEO Tom Sosnoff joins Yahoo Finance in-studio to weigh in on the retail investor...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Scotiabank CEO Calls for Increased Business Links Across North AmericaScotiabank's CEO, Scott Thomson, suggests that Canada's productivity can be improved by establishing connections between businesses in North America. He emphasizes the importance of this strategy in the bank's turnaround plan, as the country's low productivity and business investment levels pose a threat to inflation and living standards. Thomson proposes connecting businesses to facilitate deals, trade, and lending opportunities across Canada, the United States, and Mexico to boost productivity.
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »