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Higher cost of living contributed to greater credit demand, Equifax says

Credit provisions, rising capital, liquidity, expenses blunt banks' results

Fitch Ratings sees higher bond and loan defaults this year and next

Concept of real estate, mortgage and lease

Non-mortgage debt ground to a halt in March while mortgage growth was stable

rock climbing risk

Transition to higher interest rates creates risk, the central bank governor said

Stack of bills

Portfolio flows turn negative in March, but stay positive for first quarter

Businessman putting a US dollar coin into a bank stock illustration

Companies paying down debt also reduce their deposits and outstanding loans, according to CIBC

Credit card performance deteriorating, insolvencies rising, as higher rates and inflation bite

Customer card data signal monthly slowdown in spending

A man in a suit walking up concrete steps.

Customers pulled out more than US$100 billion in deposits after SVB and Signature Bank failed