'Calm before the storm': Canadian banks expected to start shoring up reserves as consumer credit risks build - Financial Post


7/28/2022 12:00:00 AM2 years 9 months ago
by Stephanie Hughes

We could be in a "calm before the storm" when pressures from rising rates, CRA collections and an economic downturn begin to bite. Read more.

Pressure is building on consumers amid rising interest rates and the loss of pandemic loan supports Canadian bank towers in Toronto's financial district.Photo by Peter J. Thompson/National Post Ar… [+6946 chars]

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