Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.
“2023=credit crunch=recession,” wrote the team of BofA Global Research strategist Michael Hartnett in their signature shorthand. “Banking crises are followed by tighter lending standards and lower risk appetite.”, the flow of bank credit to the private sector in major developed markets had turned negative, says Capital Economics.
“It stands to reason that the recent banking sector jitters will prompt a more aggressive tightening of credit conditions ahead.”a record US$152.85 billion from the United States Federal Reserve’s discount window, a traditional liquidity backstop, in the week after SVB’s collapse, topping the high reached during the 2008 financial crisis. BofA’s chart below shows how peaks in usage of this discount window relate to peaks in the percentage of banks tightening lending standards for small business.
While Canadian banks are at far less risk, they could be forced to tighten credit conditions as well if recent events lead to a U.S. credit crunch, said Capital. One concern is that Canadian banks have increased their exposure to the U.S. since the Great Financial Crisis, said Capital economist Stephen Brown.
Wow who saw that coming?
Canadians have been betrayed by Trudeau and the liberals with the strong support of Singh and the NDP. Canada has been sold out to a communist dictatorship and a fascist organization called WEF.
My family is facing a deviating increase. How many are about to lose their homes and pe plunged into housing poverty after years of secure home ownership. Our government policies utterly failed Canadians
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »
Источник: fpinvesting - 🏆 43. / 63 Прочитайте больше »
Источник: financialpost - 🏆 7. / 85 Прочитайте больше »
Источник: financialpost - 🏆 7. / 85 Прочитайте больше »