Canada’s banks are guarding against bad loans. What this means for your money
as they reported second-quarter earnings. All except for CIBC missed earnings expectations in the period.
Booth notes, as well, that just because banks are raising their provisions doesn’t mean they’ll need them if a pronounced recession doesn’t come to pass. Canadian bank loan provisions also extend to lenders’ activities in the U.S. market, Booth notes, where the financial system has faced turmoil in recent months over the collapse of Silicon Valley Bank and other regional players.
Some analysts have said TD should take the opportunity to pause and rethink its U.S. expansion strategy. Canada’s economy is heavily reliant on the health of the housing market, which Taylor says means any signs of stress in banks’ mortgage books are “something to monitor” if they start to appear.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Spring flood risks in Canada raise concern about insurance for homeowners - National | Globalnews.caFlooding is the biggest under-insured climate risk in Canada, said Victor Adesanya, vice-president of insurance at DBRS Morningstar, especially during the spring thaw.
Lire la suite »
Climate change causing more allergies among Canadians, experts warn - National | Globalnews.caMuch of the rise in allergies and asthma 'can be directly linked to climate change,' said the president of the Canadian Association of Physicians for the Environment.
Lire la suite »
Biden, McCarthy narrow in on budget deal to lift debt ceiling - National | Globalnews.caThe White House has offered to freeze next year’s 2024 spending at current levels and restrict 2025 spending, but the Republican leader says that’s not enough.
Lire la suite »
Passenger opens exit door during flight on South Korean plane, injuring 12 - National | Globalnews.caA video apparently taken by a person on board that was posted on social media shows some passengers' hair being whipped by the air blowing into the cabin through the open door.
Lire la suite »
Long COVID impacts 10% of people after omicron infection, U.S. study finds - National | Globalnews.caAbout 10 per cent of people appear to suffer long COVID after an omicron infection, a lower estimate than earlier in the pandemic, according to a study.
Lire la suite »
Feds should ease THC limits for edibles and pot packaging rules, watchdog says - National | Globalnews.caCanada's competition watchdog says the federal government should consider easing restrictions on pot packaging and limits on how much THC can be edible products.
Lire la suite »