A warning sign from the Big Banks of a possible recession

The six biggest banks in Canada – RBC, Scotiabank, BMO, CIBC, TD, and National Bank recently reported their second-quarter earnings. The majority did not hit target expectations. While banks don’t always meet analyst forecasts, the fact that so many of them had disappointing results in the same period is surprising.

Stefanie Marotta reports on banking for The Globe. She’s on the show to explain what’s behind these lower-than-expected profit numbers and what it means for the economy – and Canadians.

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