4min chapter

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Bank of Canada Shocks Markets With Largest Rate Hike in 24 Years

The Loonie Hour

CHAPTER

I'm Getting Hungry as Well

i continue to believe that not only are we headet for recession around the world, and it could be a dramatic one in specific economies. What i suspect will happen in canada now, starting in august, when our big banks are coming out with earnings, i think you're going to see loan provisioning go up. I do not suspect any canadian bank is ther at te position right now where they've got other stoppe by backs. The very last thing canbank will ever cut their dividend will be to cut their interest rate. If things of canada do deteriorate,  it could get that moment here in Freminds which will make it even more interesting.

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