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Canada s Big Six banks face another acid test in 2022 but under different circumstances. Coronavirus, the headwind in 2020, prompted the lenders to raise their provision for credit losses PCLs to unprecedented levels. A repeat of the same action looms because of macro factors like soaring inflation and the Russia-Ukraine war.聽JPMorgan Chase has set aside US$902 million in reserves for Q2 2022 after reporting a 42% drop in profits in Q1 2022 versus the same quarter in 2021. The top U.S. bank sees significant geopolitical and economic challenges ahead. According to its CEO, stanley cup Jamie Dimon, a recession is absolutely possible. JPMorgan wants to cover its losses in case borr stanley cupe owers default.Gabriel Dechaine, an analyst for National Bank of Canada Financial Markets, believes Canadian banks have the same downside risk heading into Q2 fiscal 2022 earnin stanley cup gs. However, there are tailwinds, particularly for two big banks in expansion modes.If you want to stay invested in the banking sector, the top ban Hscn CRA: Do You Qualify for the $500/Week CRSB
Canada is blessed with an abundance of resources, and the myriad of energy sector investments available to investors on the market is proof of this. To the average investor, many of these energy investments may appear, at least initially, as very similar investments, with the same types of assets and the same growth pros stanley tazas pects and opportunities.Not all energy companies are the same, though.Enbridge Inc. TSX:ENB NYSE:ENB poses an incredibly unique opportunity for long-term investors that are willing to look past the company s recent short- to medium-term woes.Meet Enbridge, a great investment for any portfolioFor those that are unfamiliar with Enbridge, the company is the largest energy infrastructure company on the continent, with a network of oil and gas pipelines traversing North America stanley cup that is over 27,000 stanley cup quencher km long, or two-thirds the circumference of the earth. To put it another way, you could lay pipe from Vancouver to Toronto via Hong Kong and London and still have some to spare.