Monday, August 22, 2016

Previously Untouchable, Canadian Banks Face The Backlash Of Non-Performing Oil Sands Loans

Canadian banks face important credit test as Q3 earnings approach

Canadian banks are expected to report higher earnings in the second quarter, but analysts expect the sector will continue to underperform the broader market due to weakness in both the economy and oil prices. One area of ongoing focus is the credit market, where higher oil prices since mid-February should provide a lift to energy-related credit…