Q&A: Canadian Banks Weather The Economic Storm Apr 10
- ID: 1885776
- April 2010
- Region: Canada
- Standard & Poors
In the following series of questions and answers, Standard & Poor's Managing Director Tanya Azarchs discusses the outlook for Canadian banks. This article was written in conjunction with a series of Q&A sessions conducted for Standard & Poor's CreditMatters TV. (And watch the related CreditMatters TV segment titled, "Canadian Banks: What?s Spurring Their Success," dated March 31, 2010.) Canadian banks have come out of the recent financial crisis in pretty good shape, as a kind of a model banking system, because they did not have any need to raise capital. They entered the crisis with a lot of capital. There were no apparent liquidity crunches, and no bank failed. They came through it in pretty good shape, and that is...
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