Canada’s Top 5 Banks Dump Assets as Recession Looms

As Canada’s economy enters into a recession, the main banks are attempting to reinforce their balance sheets against mounting bad loans, but instead of turning to shareholders for funding, analysts predict the lenders may sell non-core assets. With the economy slowing and fewer jobs being added, banks anticipate that more individuals would fail on credit … Continue reading Canada’s Top 5 Banks Dump Assets as Recession Looms