Canada’s Banks – Sufficiently Equipped to Weather a Crash

Posted by Ephraim Vecina

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A Canadian housing crash in the vein of the U.S. subprime mortgage crisis a decade ago will not prove entirely disastrous to the nation’s seven largest lenders, according to a new stress test by Moody’s Investors Service.

“Banks are in better shape than two years ago,” Moody’s senior analyst Jason Mercer said during the release of the test’s results earlier this week, as quoted by… CLICK for complete article

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