Moody’s forecasts that the rate will continue to decline for the remainder of the year, finishing at 2.1% vs 2.8% last month
The improved outlook compared with last year is reflective of the fact active managers are embracing passive investments
Measures to facilitate greater female participation in the labour force could help boost GDP and the government’s fiscal position
But a new report from Moody’s notes that the credit-rating agency’s baseline credit assessments for Canadian banks remain among the highest in the world
Banks will face downside risks from relatively high corporate and household indebtedness as monetary policy in developed markets gradually tightens over the next few years
The adoption of the IFRS 9 accounting rules will mean that banks’ reserves will rise by almost 30%
Q2 results for the big U.S. banks revealed positive trends in both earnings and loan growth
The banking sector’s fundamentals also continue to improve as troubled loans “have bottomed out in most regions” and profitability is up
The rise in overall cash holdings to US$1.84 trillion in 2016 comes despite an overall decline in revenue and cash flow from operations
These new services could simplify how prospective borrowers access traditional lenders