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Home Economics Low Oil Prices To Hurt Canadian Banks More Than U.S. Counterparts

Low Oil Prices To Hurt Canadian Banks More Than U.S. Counterparts

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Low oil prices to hurt Canadian banks more than U.S. counterparts

A protracted period of low oil prices will negatively impact Canada’s major banks more than it will their regional neighbours to the south, says Moody’s Investor Services. “For Canada’s major banks, the credit costs on energy-sector loans would rise if oil prices were to remain low for too long, which would hurt the banks’ profitability,” said…

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