Canadian banks positioned to absorb credit losses: Moody’s
Accounting rule changes, less risky loans and government support measures have banks ready for possible loan losses
- By: James Langton
- March 26, 2021 March 26, 2021
- 12:57
The "deep slide" in the deficit reflects economic deterioration and pandemic response spending
Consumers' spending and personal incomes both fell sharply
The gap between expected and actual insolvencies may shrink
Creating more investor-friendly structures may be the key to long-term viability of shell company deals
Buyers in Ontario, B.C. and Quebec are less optimistic about now being a good time to buy
A new program will enable junior mining companies to seek up to $200,000 per project
The province is doubling the small business grant and introducing a new grant for tourism and hospitality businesses
Banks are mostly sitting on households' extra cash, research finds
The amount was second only to 2019's $6.2 billion
Sectors that rely on in-person customers won't recover by summer, business groups said
Large consumer price increases are an exception, not a rule, says an RBC report
Fixed income managers expect spreads to remain rangebound over the next 12 months
Job openings in healthcare jumped, while vacancies in gyms and restaurants plunged
Statistics Canada reported that government supports offset a sharp drop in household income
Many CEOs have been thinking about their “corporate purpose” when it comes to responding to the pandemic
The market bottomed out on March 23 last year after wiping out roughly three years' worth of gains in a month
FINRA found that isolation can impact decision-making, including when it comes to finances
The addition comes as the firm seeks a tie-up with RF Capital
Sales dropped 1.1% to $52.5 billion, said Statistics Canada
In 2020, equities funds trailed the S&P/TSX by almost 5%