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Industry Report Card: Schedule I Canadian Banks: The Personal And Commercial Banking Engine Keeps Roaring Jun 07 Product Image

Industry Report Card: Schedule I Canadian Banks: The Personal And Commercial Banking Engine Keeps Roaring Jun 07

  • ID: 1755383
  • June 2007
  • Region: Canada
  • Standard & Poors

FEATURED COMPANIES

  • Bank of Montreal
  • Laurentian Bank of Canada
  • National Bank of Canada
  • Royal Bank of Canada
  • The Bank of Nova Scotia
  • Toronto-Dominion Bank
  • MORE

Abstract
The major Canadian banks are maintaining strong underlying domestic personal and commercial (P&C) business, including wealth management momentum this year. Credit metrics are normalizing, however, putting some pressure on profitability, but the impact is likely to be more pronounced in 2008. Standard & Poor's Ratings Services believes that the banks' domestic retail platforms will once again be the earnings growth engine for the balance of 2007 on the back of still-strong mortgage and personal loan lending volumes. Bank of Montreal (BMO; A+/Stable/A-1) is the exception here, as its domestic P&C bank faces challenges, including the difficult task of fixing its market risk governance infrastructure. The Canadian banks continue to show strong growth in personal loans, residential mortgages, and business loans,...

Companies mentioned in this report are:
- Royal Bank of Canada
- Toronto-Dominion Bank
- Bank of Montreal
- The Bank of Nova Scotia
- Canadian Imperial Bank of Commerce
- National Bank of Canada
- Laurentian Bank of Canada

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, READ MORE >

- Royal Bank of Canada
- Toronto-Dominion Bank
- Bank of Montreal
- The Bank of Nova Scotia
- Canadian Imperial Bank of Commerce
- National Bank of Canada
- Laurentian Bank of Canada

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