Banks are slowing the pace of new lending and setting aside more money for bad loans
Improving competition in Canada's concentrated banking sector is one of the aims
In Canada, wealth and asset management saw a 14% increase in profitability from a year earlier
Canadian dollar dips to 72.55 cents against the U.S. dollar
The Conservative leader cited competition concerns
Banks and other lenders have been stretching out amortizations to reduce monthly payments
The computer issue comes only weeks after Laurentian completed a strategic review without a deal to sell the bank
Sun Life Financial Inc. and Manulife Financial Corp. are Canada's first and fourth-largest fossil fuel investors
Full-time employee equivalent count was down 1,709 from Q4 of 2022
Revenues in wealth management increased 6% year over year
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