Business
Why it matters that Canadian banks have dodged the deposit exodus plaguing some U.S. banks
The immediate panic around bank runs in the United States may have eased, but the flood of deposits that have exited regional banks over the past year has prompted a tightening of lending standards and raised the odds that the U.S. economy will tip into recession.
For now, at least, that cycle is much less of a concern in Canada.
As of March, overall deposits at U.S. banks shrank 2.4 per cent from the previous year, the steepest decline since the country’s savings and loan crisis in the 1990s.
When regional U.S. banks are drained of deposits by households and businesses worried about the safety of their money or seeking higher interest elsewhere, those banks make fewer loans to buy houses and fund small business. That, in turn, can lead to a credit crunch and recession.
The picture in Canada is different, with deposits continuing to rise, as Stephen Brown at Capital Economics noted this week.
While lending to businesses has tightened significantly in the U.S., he wrote, on balance Canadian banks have made loans only marginally more restrictive.
Canada’s banking sector “does not face the same immediate risks as in the U.S., since it is far more concentrated, limiting the chance that problems at small lenders will trigger a broader crisis of confidence,” he wrote.
Still, he warned, “indirect risks” from international bank problems will likely lead Canadian banks to be more cautious in their lending here, “particularly as their U.S. operations come under strain.”
Business
All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store
Product Name: All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
Business
Turn Your Wife Into Your Personal Sex Kitten
Product Name: Turn Your Wife Into Your Personal Sex Kitten
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
Turn Your Wife Into Your Personal Sex Kitten is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
Business
CPC Practice Exam
Product Name: CPC Practice Exam
Click here to get CPC Practice Exam at discounted price while it’s still available…
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
CPC Practice Exam is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
-
News22 hours ago
Defying Convention to Deepen Connections: Booking.com’s 8 Travel Predictions for 2025
-
Sports8 hours ago
In The Rings: Curling Canada still looking for Canadian Curling Trials title sponsor
-
News8 hours ago
After hurricane, with no running water, residents organize to meet a basic need
-
Politics8 hours ago
N.B. election debate: Tory leader forced to defend record on gender policy, housing
-
News8 hours ago
Alberta government shifts continuing care from Health to Seniors Ministry
-
News8 hours ago
Buhai, Green and Shin lead in South Korea after 8-under 64s in first round
-
News8 hours ago
Manitoba government halts school building plan, says other methods will be found
-
News8 hours ago
‘Significant overreach’: Ontario municipalities slam province over bike lane rules