By Musabbir Mazhar Inflation numbers reported on November 10, 2021 in US went up by 6.2% in the last 12 months with Energy up 30% and Used Cars and Trucks up 26.4%! To put into perspective, that’s the largest jump since 1990. While that inflation number seems high at first sight, it should not be […]
Tag Archives: COVID19
IFRS 9: Spike in Loss Allowance expected for Big 6 Canadian Banks!
By Musabbir Mazhar The Big 6 Canadian Banks should begin to show increased Loss Allowance for Expected Credit Losses in the Q2 2020 Earnings release scheduled starting tomorrow, 26th May 2020. If there is anytime when the significant Accounting Standard changes brought by IFRS 9, Financial Instruments, would be felt most, it is now! One […]
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