Some Banks More Exposed Than Others To Overleveraged Consumers: Moody's

Some Canadian Banks 'Heavily Exposed To Potential Defaults'

Rising consumer debt left Canadians as well as the banks vulnerable, but some banks are better protected than others, says Moody’s Investors Service. The biggest single asset on the balance sheets of the big banks is residential mortgages. While all the banks have taken advantage of insurance from the Canada Mortgage and Housing Corp., some of them remain heavily exposed to potential defaults.

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