What is crazy about the PCL amount, Scotia is the only Big 6...
What is crazy about the PCL amount, Scotia is the only Big 6 to not offer fixed variable mtgs. So VARs were floating with rates.
My guess is the other big 5 are pooping their pants and hoping for interest rate cuts to cushion the default wave. $Bank of Nova Scotia (BNS.CA)$ $The Toronto-Dominion Bank (TD.CA)$ $Royal Bank of Canada (RY.CA)$ $Bank of Montreal (BMO.CA)$ $Canadian Imperial Bank of Commerce (CM.CA)$
My guess is the other big 5 are pooping their pants and hoping for interest rate cuts to cushion the default wave. $Bank of Nova Scotia (BNS.CA)$ $The Toronto-Dominion Bank (TD.CA)$ $Royal Bank of Canada (RY.CA)$ $Bank of Montreal (BMO.CA)$ $Canadian Imperial Bank of Commerce (CM.CA)$
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