Bank CEOs say cash reserves are ready ahead of potential slowdown

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Canada\u0027s big banks say they have the cash reserves needed ahead of a potential economic slowdown.

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The bank’s base case forecast has unemployment going up closer to six per cent as part of a mild recession, compared with the current five per cent, but still a low level of bankruptcy or default. CIBC is aiming to keep its capital ratio at around 11.5%, he said, which is above the minimum set by the Office of the Superintendent of Financial Institutions, but below the 12% maximum the regulator could potentially raise it to.Article content

 

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That is all the fees they charge clients

Ok drop the prime then please

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