Introduction
With COVID-19 in the spotlight, the earning season for Canadian banks was of particular interest this 2nd quarter. The attention revolved mostly around impairment loans, capital and pandemic-related provisions, which looked material in many instances. More specifically, the earning results of Laurentian Bank of Canada (LRCDF) drew my interest – and not necessarily for the good reasons. Exiting this quarter and with preceding operational issues, I believe that Laurentian could be forced to take additional measures to sustain its financial resilience. In my opinion, there is still value in investing in Canadian