The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: My question is on credit net. I mean I'm trying to interpret your comments there. It doesn't sound like you're too concerned. I'm just wondering,
between the end of April, which marks the end of this quarter, and today, where maybe the econ forecasts have gotten worse, would you be doing
something with regards to your performing provision inputs like put more weighting on a worst-case scenario or anything of that nature? I mean,
conceptually, I know you can't give too much guidance there, but yes, let's leave it there and see what you come up with.
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: No, I get that. I mean -- but a lot of what we're looking at, let's say, loan information, they're rearview-looking indicators. I'm thinking more about
the forward-looking indicators and deterioration thereof and maybe just more conservatism that you want to establish just to be cautious. Is there
anything like that crossing your mind?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: I'm not saying anything about Scotia. I think I'd have the same question for every bank.
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