The 40% tax would apply to profits from the difference between loan interest and interest paid to customers on deposits
Funding, capital strains and real estate risks underpinned the rating actions
Margins, profits to be squeezed as consumer protections boosted
Much of the portfolio is focused on the technology and life science sectors
Banks' net interest income to suffer under financial and economic pressure, Fitch says
Impacts of tighter financial conditions, banking stress evident in Q1
Individual bank scores will be used by banking regulators in determining how much capital they need to hold in reserve
Securities industry association expresses concerns with planned changes
At issue is the financing of fossil fuel expansion projects
Only about one-third of Canadians said they would use CBDCs, according to a CFA Institute survey