Banks' capital demands to decline by 3% on average with final rules, Fitch says
The rise will increase the cost of loans such as variable-rate mortgages that are linked to the benchmark
Dave McKay said he expects monetary policy to tighten even as geopolitical tensions rise
Interest income could drive profits as capital markets and credit-loss provisions sag
Scenario analysis finds that delaying policy action raises the economic and financial sector impacts
Capital markets, economic recovery seen powering banks' growth in 2022
The wealth management business earned $558 million, up from $546 million a year earlier
This week's earnings are the first since Canada's banking regulator lifted pandemic restrictions
Businesses expect profits to hold up, even as prices rise and amid labour shortages
Announcements follow commitments made in 2020 to support the Black community