Business
Pearson expected to be packed Friday as travellers head home for holidays – 680 News
Whether it’s the trip home for the holidays, or the escape to warmer weather, thousands of people will move through Pearson airport on Friday, in what’s expected to be the busiest day of the holiday travel season.
Poinsettias decorate the terminals as Christmas carols pipe through the speakers, welcoming the estimated 138,000 people expected to travel through the airport.
Because of the high volume of people expected, airport officials are advising travellers to give themselves lots of extra time for check-in and clearing security.
And remember, if you’re packing Christmas gifts don’t wrap them because all of your hard work could get unwrapped through security.
Today’s apparently expected to be the busiest travel day of the holiday season (you can tell by the number of suitcases in Union Station). Be patient, stay hydrated. Give yourself lots of travel time. Take @UPexpress to @TorontoPearson pic.twitter.com/lzLiTXwIMV
— Anne Marie Aikins (@AMAwithAMA) December 20, 2019
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BofA analyst Ebrahim Poonawala entitled a research report on Canadian banks.“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside.
“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside. In terms of fundamentals, an economy that is flirting with recession is likely to serve as a headwind to EPS growth and ROEs for banks while markets discount tail risk events stemming from higher for longer interest rates… A recurring theme during the day was expectations for increasing stress on unsecured lending and commercial, as borrowers begin to feel the impact from higher rates. Stagflation is the worst case scenario (=downside risks to our forecast), while our base case assumes that banks will muddle through what is likely to be an uncomfortable adjustment for the consumer to structurally higher interest rates … We forecast relatively anemic EPS growth 2.
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