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Dec 4, 2021 8 tweets 5 min read Read on X
Canada's big banks are at last showing signs that COVID-19 is taking a financial toll, writes @jembradshaw.

The Big Six banks released their fourth-quarter earnings – and announced dividend hikes – earlier this week.
tgam.ca/3Ge20gF
While the core of earnings is not yet back to prepandemic form, there are indications that demand from borrowers is coming back to life.

Profits of the Big Six banks totalled $14.6-billion in the fiscal fourth quarter.
tgam.ca/3Ge20gF
Overall allowances for credit losses are still well above prepandemic levels and RBC and National Bank have only released about half of the extra allowances they built up during the crisis.
tgam.ca/3Ge20gF
Bank of Nova Scotia and Royal Bank of Canada saw credit card balances increase 4 per cent from the third quarter, but card balances are still significantly lower than they were before COVID-19.
tgam.ca/3Ge20gF
As CIBC wrapped up a resurgent year, its quarterly earnings faltered.

The bank’s costs ballooned as it ramped up spending to improve its retail banking performance, upgrade technology and revitalize its image with a new logo and brand.
tgam.ca/2ZWJ9Y0
Meanwhile, TD reversed a string of underwhelming financial results with fourth-quarter profit that topped analysts’ expectations.
tgam.ca/2ZWJ9Y0
Lastly, BMO reported higher fourth-quarter profit and raised its dividend by 25 per cent.

Strong retail banking income and recoveries from loan loss reserves helped the bank beat analysts’ estimates.
tgam.ca/31vd21O
What are the growing challenges facing Canadian banks as the COVID-19 pandemic wanes? What do these bank earnings signal for 2022?

Read the full story by @jembradshaw: tgam.ca/3Ge20gF

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More from @globeandmail

Mar 14, 2023
The Globe asked readers living with long COVID to share their stories.
This is what they said 🧵
theglobeandmail.com/canada/article…
It has been nothing short of horrific. This demon virus chokes me in my sleep and there are days I can’t get out of bed. It has taken more from me than one virus should be able to. My life will never be the same.
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I am a mother of a 20-month-old girl and I have issues holding her in my arms while standing. I don’t always have the energy to play with her.
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Mar 13, 2023
Oscars 2023: @HertzBarry presents the highs, lows and weirdest scenes from a (very long) Oscars ceremony.

theglobeandmail.com/arts/film/arti…
THE GOOD

🏆 Canadian writer-director Sarah Polley took home the Oscar for Best Adapted Screenplay for her adaptation of Miriam Toews’s novel Women Talking.

theglobeandmail.com/arts/film/arti…
THE GOOD

🏆 Every acceptance speech for Everything Everywhere All at Once. The biggest emotional moment of the evening arrived early, when Ke Huy Quan won Best Supporting Actor for his role in the multiverse comedy.

theglobeandmail.com/arts/film/arti…
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Mar 13, 2023
#Oscars: Here is the complete list of winners at the 95th Academy Awards (so far):

🏆 Animated Feature Film: Guillermo del Toro’s Pinocchio;
🏆 Actor In A Supporting Role: Ke Huy Quan;
🏆 Actress In A Supporting Role: Jamie Lee Curtis.

theglobeandmail.com/arts/film/arti…
🏆 Documentary Feature Film: Navalny (Daniel Roher, Odessa Rae, Diane Becker, Melanie Miller And Shane Boris)

theglobeandmail.com/arts/film/arti…
Canadians are well-represented at the 2023 Oscars, with nominations across a variety of categories.

🏆 Toronto filmmaker Daniel Roher, director of Navalny, won for best documentary feature.

theglobeandmail.com/arts/film/arti…
Read 14 tweets
Mar 12, 2023
There's always some fun to be had in trying to predict just which movies will triumph come March 12 – and which films actually deserve the spotlight.

theglobeandmail.com/arts/film/revi…
Here are @HertzBarry's best guesses, and greater hopes for the #Oscars2023

#BestPicture 🏆
Will win: Everything Everywhere All at Once
Should Win: Top Gun: Maverick

theglobeandmail.com/arts/film/revi…
#BestDirector 🏆
Will win: Daniel Kwan and Daniel Scheinert
Should Win: Todd Field, Tar

theglobeandmail.com/arts/film/revi…
Read 5 tweets
Mar 9, 2023
A former senior executive at St. Michael’s Hospital and the former president of an Ontario construction company have been charged as part of a long-standing criminal probe into corruption at one Canada’s premier healthcare facilities:
theglobeandmail.com/canada/article…
Vas Georgiou, the former chief administrative officer at St. Michael’s, and John Aquino, the former president of Bondfield Construction Co. Ltd., voluntarily surrendered to police on Tuesday.
theglobeandmail.com/canada/article…
The cases against both men, which involve allegations of collusion and kickbacks, date back to 2015, when Bondfield was selected as the winning bidder to redevelop the aging hospital.
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Dec 26, 2022
The rate of sexual-assault complaints that police reject as “unfounded” has dropped by more than half since a Globe and Mail investigation put a spotlight on the issue five years ago.

theglobeandmail.com/canada/article…
Today, 8 per cent of sexual assaults reported to police are being closed as unfounded, a law-enforcement term that means the allegation is false or baseless.

This is down from the 19-per-cent rate that The Globe reported in its 2017 Unfounded series.

theglobeandmail.com/canada/article…
Back in 2017, the Halton Regional Police Service had one of the worst unfounded rates in Canada. Now, the Halton police have among the lowest in Canada.

theglobeandmail.com/canada/article…
Read 4 tweets

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