
2008 will be marked as one of the most turbulent economic times in history. Yet, how has Canada’s banking industry weathered the global economic storm, and what will 2009 bring for Canadian banking institutions? Canadian Banks 2009 provides an in-depth analysis of the 2008 financial results and key issues facing the Canadian banking industry.
2008 was the year the credit crunch deteriorated into a full blown worldwide economic crisis. And yet to date, Canada’s six largest banks appear to have dodged the worst of the fallout and earned the envy of their global peers. This resiliency has not gone unnoticed by Canadians. To find out more, read our analysis.
In one of the most turbulent times in history, Canadian banks have maintained strong levels of capitalization, and unlike most G7 countries, have not required capital injections from government. They have driven solid returns and continued to serve customers without interruption. Find out how Canadian banks ranked against their international peers.
Even the soundest banking system in the world is not immune to the impact of the global economic crisis. Canadian banks will continue to see the challenging economic trends seen in 2008, including: a deepening worldwide recession, lower corporate profits, continued job losses and a slumping real estate market. Read our analysis to find out more.