Canada’s banks brace for possible wave of loan defaults. Why...

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2023-03-04 20:43:20 - Ontario, Canada - Translate -

https://globalnews.ca/news/9526547/canada-banks-loan-defaults/
Canada’s big six banks — TD Bank, RBC, BMO, Scotiabank, CIBC and National Bank — all reported earnings for their first fiscal quarters this week, with similar-sounding results. All reported a dip in profits as they put more money aside to handle credit losses. - Global News
#bmo #td #rbc #cibc #nationalbank #scotiabank #credit #loan #mortgage #creditlosses #creditloan

https://globalnews.ca/news/9526547/canada-banks-loan-defaults/ Canada’s big six banks — TD Bank, RBC, BMO, Scotiabank, CIBC and National Bank — all reported earnings for their first fiscal quarters this week, with similar-sounding results. All reported a dip in profits as they put more money aside to handle credit losses. - Global News #bmo #td #rbc #cibc #nationalbank #scotiabank #credit #loan #mortgage #creditlosses #creditloan

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Canada’s banks brace for possible wave of loan defaults. Why that matters

Canada's big six banks all reported this week that they're putting more money aside for possible loan defaults. Here's what to know about the outlook for Canadian credit.

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