The central bank had predicted that the economy would contract at an annual rate of 1.0 per cent
during the second quarter due to the damage caused by the wildfires.
Nonetheless, rising housing prices have helped household balance sheet repair, which on net stalled
during the second quarter due to stock market declines.
Not exact matches
BCE said it expects to close the CTV deal early in the
second quarter and will update its 2011 financial guidance
during its first
quarter earnings call,
due on May 12.
According to that report, «Loan charge - offs and noncurrent loans (loans 90 days or more past
due or in nonaccrual status) continued to increase
during the
second quarter.
During the first
quarter FCA idled one of its plants but in the
second quarter due to a pickup in orders the plant was reopened.
And these numbers are expected to get even worse
during the
second quarter, where the drop of TV subscribers often accelerates
due to college kids heading home for the summer (often without reconnecting when they return in the fall).
During the third
quarter of 2017, significant items included restructuring expenses of $ 18.8 million, merger expenses of $ 2.4 million and a $ 4.0 million detriment to earnings
due to the change in fair value in loan servicing rights, compared to merger expenses of $ 0.5 million and a $ 1.8 million detriment to earnings
due to the change in fair value in loan servicing rights in the
second quarter of 2017.
This compression was offset by an increase of 9 basis points in yield on total loans in the third
quarter of 2017 to 4.31 %, compared to the
second quarter of 2017, primarily
due to higher yields on originated loans and the benefit from interest rate adjustments on variable rate loans
during the third
quarter of 2017.