RE:RE:RE:RE:Canadian bank stocks could sell off on severe loan lossesExactly, PCLs are a worst case scenario. Hopefully next Q will be less maybe reduce, and they won't need to take many write-offs. BAC CEO today said lots of loan deferrals were taken as a preventative measure and now borrowers are canceling those deferrals and paying, which is VERY good news for banks - means people have cash and are canceling the deferralsd + probably most of the job losses are people who rent. Assuming a vaccine is a year away and we continue to adapt business to dealing with this situation and no further shutdowns, banks will look good in a year. At some point, real estate transactions and mortagages are going to explode to the upside to catch up all the pending transactions. Also a 5%-10% correction is not a big deal in TO Mtl and Yvr and probably a healthy pullback setup for the next leg up. should stimulate loan demand. I hope this will happen because I bought SBC which pays div now, and sbc was 13 before this now almost 8 after cratering briefly at 4.50. Even at $8, you collect 15% a year, in 6 years you have your caputal back, and the share price + cap gains of maybe 50% is all gravy.