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Revenues were down slightly in Q4, while expenses and loan provisions were up

Stock market crash with red chart in background and bear in front. Bearish market trend concept.

Tighter financing environment, declining economic growth to drive defaults

trader at desk

Rating agency sees modest profit improvement ahead for industry

Consumer concerns

Data shine light on affordability, with most Canadians fearing recession

  • By: IE Staff
  • November 22, 2023 November 22, 2023
  • 15:56
banking stress

Effects of high rates to weigh further on economy, financial sector

Heavy weight

HELOC balances declined, mortgage growth slowed in September

Global growth

Across advanced economies, lending demand slowed sharply

empty wallet

Amid higher interest rates, rising debts, payment struggles surge

Firm sanctioned over capital issues, internal controls and record-keeping

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High rates and slowing growth weighs on corporate balance sheets