Canadian banks face profit pressure at home
Canadian banks face profit pressure at home
TORONTO (Reuters) - For Canadian banks, slowing domestic loan growth and narrowing lending margins threaten the double-digit profit gains that have become routine in recent quarters, adding to the generalized pressure being exerted on the sector by Europe's debt crisis. The slowdown has arrived at a particularly inopportune time for the Canadian banks as the euro crisis threatens to roil bank stocks around the globe. Rather than flocking to Canada's conservative banking sector - often described as the world's soundest - some equity investors may instead gravitate to U.S. ...
//news.yahoo.com/canadian-banks-face-profit-pressure-home-143541959--sector.html
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