Loan Loss Provisions

• Bank CEOs expect to put more money aside for bad loans amid higher rates

  RBC CEO Dave McKay, speaking at the bank's CEO conference, says he expects to see credit loss provisions peak this year as parts of the commercial side of lending remain strained.

  Economy

  Jan 9, 2024
  
• CIBC misses profit estimates as it sets aside more money for bad loans

  CIBC missed analysts' estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.

  Money

  Aug 31, 2023
  
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• BMO, Scotiabank set aside more funds to cover bad loans amid higher interest rates

  BMO and Bank of Nova Scotia, missed analysts' estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.

  Money

  Aug 29, 2023
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• Fears of bad loans show up in CIBC, RBC and TD Bank earnings

  TD, RBC and CIBC continued all put aside more money for loans that could go sour in the latest quarter amid continued economic uncertainty.

  Economy

  May 25, 2023
• BMO, Scotiabank are putting aside more money for loans that could go bad

  Bank of Montreal and Scotiabank kicked off Canada bank earnings with lower profit than a year ago. Both banks raised their dividends Wednesday.

  Money

  May 24, 2023
• Are Canadian banks under pressure? What to know ahead of earnings this week

  Canadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property loans when they report earnings this week.

  Economy

  May 23, 2023