Scotiabank analyst Meny Grauman’s most recent research report has the blunt, self-explanatory title of“CIBC kicks off another Canadian bank earnings season on Friday, February 24th and bank reporting wraps up the following week with TD and CWB on Thursday, March 2nd. We forecast the sector generating core cash EPS of $2.35 in Q1/23 which is up 5 per cent versus the prior quarter, but down 4 per cent versus the prior year.
“450 basis points in 11 months … Most aggressive Fed tightening in decades and … U.S.. retail sales at all-time highs, U.S.
“Tyler Radke and the Global software team tackle one of the hottest topics right now, generative AI. The team provides a brief “overview of the factors driving significant innovation, new market opportunities, and challenging long-held market dominances.
“Perhaps a wee bit overshadowed by the back-up in Treasury yields in recent weeks is the fact that some GoC yields have now bounced to 2023 highs. To wit, the 3.45-per-cent yield on five -year GoCs is the highest since early November, and up a rather meaty 45 bps from just four weeks ago. The rise in yields reflects a run of solid economic data in both economies, and the dawning realization that central banks may need to do even more than expected just a few short weeks ago.