This past quarter,
Many economic relationships are nonlinear, the stock market is nonlinear, and the housing market is nonlinear either.
- TD Bank’s credit loss provision totaled $599 million, an increase from $27 million annually.
- BMO set aside $1.02 billion for credit losses, up from $50 million annually.
- Scotiabank allocated $709 million to provisions for credit losses this quarter, up from $219 million at the same time last year.
- CIBC set aside $438 million, an increase from $303 million a year earlier.
- RBC reported $600 million in loan loss provisions compared with a recovery of $342 million a year earlier.
Many economic relationships are nonlinear, the stock market is nonlinear, and the housing market is nonlinear either.
