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Canadian Banks Remain Soundest According to World Economic Forum, Six Years in a Row

TORONTO, ONTARIO — (Marketwired) — 09/04/13 — For the sixth year in a row, the World Economic Forum has ranked Canadian banks the soundest in the world in a report released today.(1) The Canadian Bankers Association (CBA) welcomed this news as the fifth anniversary of the start of the global financial crisis approaches."Having a strong and profitable banking system is the backbone of the Canadian economy," said Terry Campbell, president of the Canadian Bankers Association. "Wi

New CBA Report Shows Banks Making More Credit Available to Businesses

TORONTO, ONTARIO — (Marketwired) — 07/04/13 — Canada-s nine largest banks have increased the amount of credit available to businesses in Canada since the beginning of the global financial crisis, according to data released today by the Canadian Bankers Association (CBA). In a new report, , the CBA has compared data on credit authorized to businesses by Canadian banks to credit outstandings, or the amount of money that businesses have actually borrowed from the credit authorized to them.&quot

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