High and “unsustainable” levels of consumer debt, along with regional pockets where housing looks overvalued, are weighing on the outlook for Canada’s banks in the coming year, according to Fitch Ratings. The combination “precipitates a more cautious view of consumer credit and thus a negative sector outlook for Canadian banks,” the ratings agency said Friday. Despite…
When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.
Our Editorial Standards
At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.
Related news
Must Read
New
How to Invest in Stocks in 2024 – Beginner’s Guide
Investing in stocks can be a great way to improve your overall wealth – but...
23 Min Read
Read now