Canada’s banking regulator chose not to boost capital requirements on the country’s largest lenders, signaling that officials believe banks’ balance sheets are strong enough to withstand economic turbulence.
The Office of the Superintendent of Financial Institutions left the domestic stability buffer at 3.5%. It had increased it in June and last December.
Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.
