Safalow: National Bank a Short Target on Energy, Housing

The video discusses the $4.6 billion loan book exposure in the oil and gas sector and highlights the need to focus on residential loans in Alberta and Quebec. It also addresses challenges in commercial loan books, particularly in Alberta, where vacancy rates are high. The discussion concludes with the potential cascading effects of the energy price downturn on various loan portfolios.

What is the value of the loan book related to oil and gas exposure?

• $6.4 billion

• $5.8 billion

• $4.6 billion

• $3.2 billion

Which areas are highlighted for needing more focus on residential loan books?

• British Columbia and Ontario

• Alberta and Quebec

• Toronto and Vancouver

• Manitoba and Saskatchewan

What is the current market rate for leases in Alberta compared to a year or two ago?

• 50% lower

• 25% lower

• Same as before

• 75% lower

What is the expected impact of the downturn in energy prices on loan portfolios?

• It will have no significant impact

• It will only affect the oil industry

• It will improve loan portfolios

• It will affect multiple sectors

What is the narrator's expectation regarding the focus of losses in the oil patch?

• It will be negligible

• It will be broadly distributed

• It will be completely unrealistic

• It will be acutely focused