Canada’s Big Six banks are preparing for a lot more bad loans. Canadian banks reported Q2 earnings this week. A common theme in all reports was a sharp increase in provisions for credit losses (PCLs). These have been rising over the past year, as delinquencies begin normalizing from lows. This trend has accelerated quickly however, […]
The post Canada’s Big Six Banks Set Aside Over $10 Billion For Bad Loans, Up Over 300% appeared first on Better Dwelling.
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