ALDAs could guard against the risk of retirees outliving their savings
Canadian big banks' net income grew 7.1% year over year in the second quarter
US$669 million deal expected to close in Q3
But the banks' results from their capital markets-related businesses were a weak spot
Since 2010, the sector's assets have risen by 75%
Consolidation has led to fewer credit unions, but the number of branches remains unchanged, says DBRS
The region represented 40% of global issuance in the space last year
Banks' U.S. and international businesses continued to post strong performance
Rating agency expects solid earnings growth but warns of risks
OSFI is currently considering whether to increase the limit on covered bonds, which have become an important source of funding for the big banks’ uninsured mortgages