Challenging Domestic Conditions Will See Banks Focus Abroad

BMI View: A more challenging domestic economic environment for Canadian banks will continue to shift the emphasis for asset growth abroad. While increasing the exposure to foreign currency risks, banks are adequately capitalised against potential liquidity shocks.Canadian banks will face an increasingly challenging growth environment at home as the housing market continues to cool and the fallout from low oil prices takes its toll on non-mortgage lending. As we have recently argued,...

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