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Moody's: Deepening oil slump raises risks for Canadian banks

Discussion in 'Market News' started by ForexLive, Feb 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    How much of the risks to banks hold? There's no doubt that Canadian banks have extracted a mountain of fees from the energy sector. They can easily absorb a change there but what would hurt them badly would be direct exposure via loans and bonds. They should be relatively sheltered but that's what they said about US banks before the mortgage crisis.

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