CIBC, RBC, Scotiabank and TD have all cut staff this year
Deal is good for Canada, CEO says
Some cuts have already been made, while remainder will happen next year
Outlook shifts to neutral as banks adapt to higher rate environment
The Liberals are moving ahead with a measure for financial institutions proposed in the 2023 budget
Employee numbers were down about 1,500 from the previous quarter, about halfway to the bank's 3% reduction target
Deposits continue to feel the strain since U.S. bank failures in the spring, Moody's says
The FSB's annual list of banks that require extra capital and oversight shrank by one
Banks are slowing the pace of new lending and setting aside more money for bad loans
Open banking could be a win for wealth managers