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U.S. banking crisis casting chill over Canadian banks heading into earnings this week

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U.S. bank failures have invited additional scrutiny of Canada\u0027s biggest banks, especially those with operations in the U.S. Find out more.

“With recent banking failures in the U.S., the banks are likely to be more cautious on loan growth in the near term,” Holden wrote in a May 15 note.

Royal Bank of Canada senior economist Josh Nye meanwhile flagged that the crisis was having a ripple effect on U.S. lending.

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U.S. banking crisis casting chill over Canadian banks heading into earnings this weekU.S. bank failures have invited additional scrutiny of Canada\u0027s biggest banks, especially those with operations in the U.S. Find out more.
Source: financialpost - 🏆 7. / 85 Read more »