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On this episode today we'll take the final look at the Q1 2024 profits for the Big 6 Canadian Banks, consisting of a breakdown of the numbers for TD Bank and CIBC. The Bank of Montreal, Scotiabank, Royal Bank and National Bank all reported earnings earlier recently.
Likewise on today's episode:
Elon Musk is suing OpenAI and Sam Altman
Tesla Lawyers are Suing for Billions
Canadian Merchants Are Struggling
The Body Shop declares Personal bankruptcy
✈ Air Canada Matches WestJet Bag Charges
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Thanks!
💡 *Elon Musk’s next project A.I. Lawyers at a friction of the cost, you just bring your andriod tablet to the court room and A.I. Lawyer wins your case* 😅🤣
Great video, great timing, I love that you post videos while they are still *relevant*.
I disagree on occasion but I hope you appreciate that 😉
I do have a million $$ question (or a million questions at 1$ each).
How much cash are you keeping in your portfolio at the moment, expecting a market collapse?
Do you think there will be a collapse?
Thanks.
Cheers,
a
Why bother holding $$? Stocks are going to be free after the collapse!
@@paulbelisle7213 So. You are holding zero cash and are fully invested? So when/if the market collapse you will have zero $$ to invest?
Td bank continues to be the most shorted bank stock in the world 😢
I am not flying AC to and from Asia simply because of luggage fees. In comparison, other airlines have 2 free luggage for an international flight.
Yeah, AC asks me to pay for my 2nd luggage. Other airlines always give me 2 free luggage, the fact that I never support Canadian Company bc they’re so expensive
I miss the days when checked baggage wasn’t an issue, but I’m like you. All else being equal, I’ll choose the airline that’s more accommodating with baggage.
Canadian apparel companies see falling sales as Canadians have less money due to rising cost of living and they raise prices…
So ironic, right?
Luckily my aroplan card includes 1 free checked bag on AC
Bonus!
great video Marc. thanks again!!
My pleasure! Thanks!
Would you advise against DCA bank stocks?
Not necessarily… Maybe reply with a bit more context and I’ll add my thoughts. Thanks.
@@beaviswealth I’ve been DCA into TD for the last couple of years and was planning to do it long term.
Canadian Tire rises their prices, Decathlon will just steal market shares 😅
I think an interesting part of the analysis would be to compare the provisions for credit losses as a percentage of revenue / net income. It’s hard to make a comparison between the banks based on the loan loss provision numbers alone.
Hi James. I think that’s a great idea. I’ll make a note to try and incorporate that in the future. Thanks for the suggestion.
It’s not lawyers representing tesla “shareholders”, it’s ONE shareholder with 9 shares. Do a better job with your coverage. If you can’t handle information about tesla then stop covering it.
Hey Larry. You might be a lawyer with more advanced understanding of legal terms, , but I understand “all others similarly situated” to include investors who have been affected in the same way by the company’s actions, not just the individual filing the suit. In other words, this type of lawsuit is filed by one or more individuals, (one in this case) but on behalf of a larger group who are all affected by the same issue. If my interpretation is incorrect, I’m all ears. Maybe you can enlighten me.
@beaviswealth you’re trying to paint it as more reasonable than it is. 1 person with 9 shares. Oh other shareholders could’ve had an issue with it? Did you check the share price in 2018 vs now? What shareholders are upset about 800,900,1000% return on their investment? Get real and cover it fairly or don’t cover it. Don’t try to make it seem more reasonable than it is.
Thanks for replying… after reading your comment I thought I didn’t understand the law correctly, but it looks like I do. I was just covering the news, and if you’re not happy with it, please don’t watch my videos. I don’t want to upset you.