Canada covid-19 coronavirus news coronavirus update Coronavirus Canada

Canadian banks cautiously optimistic on post-coronavirus economic recovery

Reading now: 451
globalnews.ca

COVID-19 pandemic, but conceded much uncertainty lies ahead — particularly as loan deferrals and government relief efforts launched in the early days of the pandemic draw to a close.The Big Six banks, which revealed their third-quarter earnings this week, said they were encouraged by consumer spending patterns creeping towards pre-pandemic levels and fewer Canadians seeking loan relief, but they continued to set aside hefty cash reserves to protect themselves from potential credit losses.“The last thing we want to signal is hubris or arrogance in this kind of environment,” Louis Vachon, National Bank of Canada’s chief executive, told analysts on Wednesday.“We called it a very good quarter, but it’s tough to be ecstatic in an environment.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Hemasiri Fernando - Pujith Jayasundara - Aditya Patabendige - Hemasiri and Pujith acquitted and released from Easter Attacks case - newsfirst.lk - Sri Lanka
newsfirst.lk
48%
957
Hemasiri and Pujith acquitted and released from Easter Attacks case
COLOMBO (News 1st); Sri Lanka’s Former Defence Secretary Hemasiri Fernando and Former Inspector General of Police Pujith Jayasundara were released and acquitted by a Colombo court on Friday (18) from all charges in the Easter Sunday Attacks case.The cases were called up in the presence of Justices Namal Balalle, Aditya Patabendige, and Mohamed Irshadeen.The Attorney General filed the cases against Fernando and Jayasundara on charges of criminal dereliction of duty for failing to take action to prevent the Easter attacks despite receiving specific intelligence.A total of 855 charges of criminal negligence were leveled against Pujith Jayasundera and Hemasiri Fernando, individually.The Colombo Permanent High Court Trial-at-Bar ordered to acquit and release Ex-Police Chief Pujith Jayasundara and Ex-Defence Secretary Hemasiri Fernando from the cases, without calling for evidence from the defense, as the prosecution had failed to prove the charges filed against them.Justice Aditya Patabendige delivering the summary verdict in court noted that the evidence provided by Director of State Intelligence Nilantha Jayawardena made it clear that he had not carried out his duties in a proper manner, and acted to place that responsibility on someone else.Justice Aditya Patabendige went on to note that many devotees died under tragic circumstances in the Easter Sunday Terror Attacks that also left many injured, adding that it is not possible to proceed with a case against a person in absence of evidence on such a tragic event.Justice Aditya Patabendige also noted that one needs to be extra careful when leveling criminal charges against a person, and noted that the arrests of Jayasundara and Fernando on the said charges are also marred
DMCA