'Risk profiles are largely conservative and supported by well-managed exposures and underwriting practices that have led to low loan impairments and credit...
Canada's six largest banks and the Desjardins Group federation of credit unions consistently score in the upper echelons of Fitch 's rating hierarchy across all categories. Canada’s biggest banks should see “modest earnings growth ” through a soft economy in 2024 and 2025, with Royal Bank of Canada topping its peers, Fitch Ratings says.
Fitch’s outlook comes within an economic context it refers to as “stagnant.” The report notes the Bank of Canada’s easing cycle has started but says “any boost to economic activity is some ways off” and that “household spending will likely remain feeble, at least through 2025.”, to hover just above six per cent into 2026. The report also says the headline Consumer Price Index should drop to two per cent by the end of 2025, and the Bank of Canada’s overnight rate should hit 2.
AM Best Places Credit Ratings of Mountain Life Insurance Company Under Review With Developing Implications
Earnings Growth Royal Bank Of Canada Canadian Banks Desjardins Group HSBC Bank Canada Canadian Imperial Bank Of Commerce Canada Upper Echelons
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel’s Rating Cut by Fitch as War Seen Lasting Into 2025(Bloomberg) -- Israel’s sovereign debt was cut by one notch by Fitch Ratings, which kept a negative outlook on the credit as continued military conflict...
Read more »
TSN, CTV named official Canadian broadcaster of Invictus Games in 2025Bell Media has been named the official Canadian broadcast partner of the Invictus Games Vancouver Whistler 2025.
Read more »
Trial of ex-Canadian world junior hockey players in sexual assault case set for September 2025From left to right: Dillon Dubé, Cal Foote, Michael McLeod, Carter Hart and Alex Formenton.
Read more »
Canadian pension funds face more pressure on real estate and private credit, Fitch report saysThe country’s largest funds have enough flexibility to mostly avoid having to sell assets at depressed prices, debt rater says
Read more »
Writer DC Reid to fund poetry grant with $1.5-million endowmentDC Reid Poets’ Grant will disperse eight annual $5,000 grants to Canadian poets of modest means
Read more »
Merchants Lacrosse Club to host 2025 Presidents Cup in BrooklinThe Brooklin Merchants Lacrosse Club will host 2025 Presidents Cup. On Monday, the club announced that Canadian Lacrosse Association accepted their bid to ho
Read more »