Business Matters: How did Canada’s biggest banks fare in 2024?

The big questions in Canadian finance heading into 2024 were whether the economy could avoid a recession and what would happen with interest rates. The uncertainty at the start of the year had Canada’s biggest banks tucking billions of dollars aside in case the picture worsened for heavily-indebted Canadian consumers as many renewed their mortgages at much higher rates. Anne Gaviola has this story and more in Business Matters for Dec. 30, 2024.

• More than half of Canadians concerned of potential recession: survey