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.

How has the market in Alberta changed compared to a year or two ago?

What are the expected consequences of the downturn in energy prices on loan portfolios?