Analyst Articles
Provisions for Credit Losses Increase in the Billions for BMO, CIBC, National Bank, RBC, Scotiabank, and TD
This week, major Canadian banks reported Q2/2020 earnings, with banks such as TD, who have a strong focus on consumer and commercial banking, impacted the most by the pandemic. Nevertheless, most Canadian banks are struggling to maintain bottom lines as PCL on loans were significantly increased to prepare for uncertainties in the economy. [more]