Canadian Banks’ Profits Seen Pressured by Slower Dealmaking, Mortgage Growth

Reuters, August 22, 2023–Nivedita Balu
Canada’s big bank results are expected to bring to light a number of challenges as lenders set aside more funds for bad loans in a tough economy that has also led to a slowdown in dealmaking and forced borrowers to rethink about new mortgages.
The big six banks, which control a majority of the market in the country, have had to brace for macroeconomic uncertainties and build reserves while also ensuring they have enough capital to meet new regulatory requirements in case of uncertainties.
https://www.reuters.com/business/finance/canadian-banks-profits-seen-pressured-by-slower-dealmaking-mortgage-growth-2023-08-22/