Low rates, weak loan demand likely headwinds for the year ahead
The rating agency cut its default forecast based on refinancings and an economic recovery
Profits likely to remain under pressure in 2021, but capital and liquidity are strong
Little room for upside, lots of potential for downside in banks' ratings
Sector outlooks improve, but uncertainty remains high
However, winners and losers may emerge, the rating agency says
Outlook for provincial finances negative due to Covid-19 spending, oil prices
Moody's outlook for Canadian banks in 2021 is stable due to strong fundamentals
Without growing revenues, federal spending plans could weigh on Canada's AA rating
The threat of a financial crisis remains low, but risk and uncertainty abounds