Post by
angelnicky on Feb 09, 2022 11:00pm
Canadian Banks Downgraded to Sell
due to slowing economy with high interest rates
D’Souza acknowledged that higher interest rates will boost the banks’ net interest margins, or the difference between what they charge for loans and what they pay in interest on deposits. However, he said that those higher rates will eventually drag down economic growth and create renewed risk for the banks’ loan books.
Comment by
Chimpwithdart on Feb 09, 2022 11:27pm
The Bank of Suncor has been downgraded!
Comment by
mrbb on Feb 10, 2022 2:44am
if rate hike gonna drag down the economy, then why would the fed hike rate? if inflation need to be quenched, why the fed didn't raise rate at their Jan 26-27 fed meeting? Why wait for March meeting, if any? That's why i said SU should reinforce its balance sheet with debt payment and share buyback.
Comment by
angelnicky on Feb 10, 2022 5:16am
no i was implying that we are going in a recession this will have an effect on oill demand remember 1982-84, folks were giving the keys to the banks of their homes i hope gov will do what they can to prevent the repeat that happen in the 80's you may have been in diapers back then , so you wouldnt know what happen