Why Steve Eisman Is Shorting Canadian Tire

The video discusses the speaker's unchanged conviction level on shorting Canadian banks, focusing on non-performing loans and commercial loan growth. It highlights concerns about ATB Financial's rising non-performing loans and the puzzling growth in commercial loans despite economic uncertainty. The speaker outlines their investment strategy, emphasizing patience and long-term timeframes. They also discuss expectations for credit ratios and market impacts, and explain their short position on Canadian Tire due to credit card portfolio concerns and competition from Amazon.

How does the current economic environment in Canada compare to other countries according to the discussion?

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What is the expected impact on credit ratios and loan loss provisions in the near future?

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What are the key indicators that would suggest a change in the current shorting strategy?

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What is the rationale behind shorting Canadian Tire in relation to the banking sector?

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