Bank CEOs See Positive Credit Despite Trade War; TD Reserves $500M
Canadian bank leaders told the Scotiabank Summit that credit remains resilient despite the U.S. trade war, with RBC and Scotiabank playing down direct tariff exposure. TD has set aside $500 million in reserves, a concrete sign of prudence. Investors are now watching whether escalating macro trade risk will translate into actual loan losses.
Source: thepeterboroughexaminer.com · bnnbloomberg.ca