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The six largest banks in Canada – CIBC, TD Bank, BMO, Scotiabank, RBC and National Bank – release their second-quarter financial results against a backdrop of lower profit expectations from analysts and economic downturn
this month. so, later today, the republican speaker of the house kevin mccarthy will give a speech at the new york stock exchange, where he's expected to lay out the conditions republicans want democrats to agree to in exchange for movement on the debt ceiling. it sounds like a stand—off. scott anderson is chief economist at bank of the west in san francisco. welcome to the programme. what will kevin mccarthy say? what is he going to propose?- is he going to propose? kevin is he going to propose? kevin is possibly — is he going to propose? kevin is possibly going _ is he going to propose? kevin is possibly going to _ is he going to propose? kevin is possibly going to remind i is possibly going to remind wall street that we are only months away from a potential debt default from the us government but i think he is going to remind wall street that democrats and republicans remain i that democrats and republicans remaini million miles away from an agreement on raising the debt ceiling, so it's going to allow quite a few people, i'm afraid. it to allow quite a few people, i'm afraid-— i'm afraid. it is alarming --eole i'm afraid. it is alarming people and _ i'm afraid. it is alarming people and we - i'm afraid. it is alarming people and we are - i'm afraid. it is alarming people and we are all i i'm afraid. it is alarming people and we are all ofi i'm afraid. it is alarming - people and we are all of the debate on edge once again but we all know, don't we, the us will not default on its debt.