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        Hi I am Ted Dixon with
        your INK Morning Report
Preview for
        October 25th Canadian bank
bullishness.
        Long-term interest rates
        a slowly moving higher,
        and that could be good
news for banks
        provided that loan growth
remains strong.
        Given the loan growth seen
last quarter at
        both Canadian Western Bank
and TD Bank,
        there is reason to be
optimistic.
        Canadian Western Bank is
        our top-ranked Canadian
bank
        based on our INK Edge
outlook criteria.
        When it reported Q3
results on August 27th,
        loan growth was up
        9% over the same period a
year ago.
        Importantly, loans grew at
10% in Ontario,
        and that is a key target
market
        for the bank as it seeks
to
        expand its operations
        outside of western Canada.
        Meanwhile,
        12-months trailing
earnings per
        share is on the rise.
        Of the big five Canadian
banks,
        TD is the highest INK
ranked.
        Its trailing 12-month
trailing EPS
        has also been on the rise
helped by
        Canadian retail banking
revenue up
        9% and that includes
        mortgages and commercial
loans.
        When it comes to Canadian
banks,
        they all need a healthy
Canadian consumer.
        On that front, the labour
market
        seems to be playing a
supporting role.
        Canada added 157,000 jobs
in
        September and is back to
pre-pandemic levels.
        That points to a vibrant
workforce.
        For banks, a strong jobs
market
        is good for business.
        Well that is all for today
        and thanks for stopping
by.
        Click on the notify button
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        the insiders guide us
        to opportunity this fall.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in any
stock
        mentioned in our videos or
in our reports.