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Canadian Banking Industry Outlook 2008: Resilient Fundamentals Should Support The Banks' Performance Nov 07 Product Image

Canadian Banking Industry Outlook 2008: Resilient Fundamentals Should Support The Banks' Performance Nov 07

  • ID: 1755515
  • November 2007
  • Region: Canada
  • Standard & Poors

FEATURED COMPANIES

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

Abstract
Standard & Poor's Ratings Services believes that the Canadian banking industry enters 2008 with solid fundamentals and a greater capacity for loss absorption than in the last cycles, as the Canadian banks have fortified their balance sheets by further building capital in conjunction with developing enterprise risk management practices and diversification techniques during the past decade. Stable core earnings power, robust capital, and sound liquidity further position the banks for increasing industry credit risks and earnings volatility. Although the Canadian banks are recording marked-to-market write-downs on structured products related to the U.S. residential mortgage subprime issues and nonbank sponsored asset-backed commercial paper (ABCP) in Canada, their exposures are more limited than that of the U.S. and European global banks and...

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

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

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