Tag: banks

Credit quality is deteriorating in Canada, and banks are feeling the impact

Credit quality is deteriorating in Canada, and banks are feeling the impact. Toronto-Dominion Bank and Canadian Imperial Bank of Canada both reported fiscal first-quarter results that included higher provisions for loan losses, contributing to earnings that missed analysts’ estimates. Toronto-Dominion, Canada’s second-largest lender by assets, set aside $ 850 million[Read More…]

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MP’s bid to get code of conduct for banks

Government backbencher Kieran McAnulty has jumped the queue in trying to impose a code of conduct on banks with a private members’ bill lodged just before Parliament’s seven-week summer break. The Labour MP and junior whip lodged the bill on December 18. It would requir… Banking Industry News

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