It’s a long road to economic recovery, Canadian bank CEOs warn [Toronto Globe and Mail (Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Toronto Globe and Mail
It’s a long road to economic recovery, Canadian bank CEOs warn Despite massive stimulus measures launched by governments, Canada’s GDP growth could turn negative in some quarters, according to Canadian Imperial Bank of Commerce CEO Victor Dodig, seen here in Toronto. Natalia Dolan/The Globe and Mail Despite massive stimulus measures launched by governments, Canada’s GDP growth could turn negative in some quarters, according to Canadian Imperial Bank of Commerce CEO Victor Dodig, seen here in Toronto. The chief executives of two of Canada’s largest banks are warning that it will take longer for the economy to recover from the new coronavirus than they expected even a few weeks ago, and that businesses will still be feeling the effects in 2021. The sharp rebound many have hoped for is looking increasingly unlikely, according to Royal Bank of Canada CEO Dave McKay. He predicts many businesses will emerge from the crisis with a more cautious mindset, supply chains will be redrawn, and
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