“Risk weighted assets for the Big 6 banks, and CM and RY in particular are massively understated in our view. CM and RY are 26 and 23 times levered based on gross loan exposure to total Tier 1 capital. Given their substantial...
READ MORE >“I think it's -- the work that's being done in our underwriting team to accurately price for risk. There's a lot of work that's going into the evaluation of business for self...
READ MORE >Heading into earnings season for the Big 6 Canadian banks, we were almost certain that a great deal of the discussion on the analyst conference calls would be centered around loan performance in...
READ MORE >Over the past few weeks, we conducted a survey of more than 250 real estate agents across Canada. Click on the link below to view our presentation which outlines our research on the Canadian housing market at a high level and the critical findings from our...
READ MORE >“In the case of the IFRS 9 guidance on performing, there's a lot of assumptions that go into what falls into the performing and it could be anything from your assessment of volatility to...
READ MORE >We hope you will consider this report for your weekend reading list. Over the past few weeks we surveyed more than 300 real estate agents in Canada. The attached presentation outlines the feedback we received from those agents...
READ MORE >“Our customers have shown tremendous courage and we’re matching that by sticking with them to the best of our best ability. We believe that working with customers to help get them to a...
READ MORE >“As cooler weather starts driving up heating costs, Calgary distress centres are finding more people who once earned steady incomes are now struggling to pay their bills and seeking relief with...
READ MORE >We recently conducted a survey of 148 mortgage brokers located across Canada. The key findings from our survey include: Home price weaknes is becoming more broad based The underlying bid for housing remains...
READ MORE >Will Monday, October 3, 2016 be remembered as the day that the housing market in Ontario peaked? Maybe. In a move that appears to have shaken the Canadian housing market to its core (or at least rattled a few branches), Minister of Finance, Bill Morneau announced a...
READ MORE >SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
LONG
$128
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0