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RBC Bank on Bay Street, Toronto. August 2, 2013.
RBC Bank on Bay Street, Toronto. August 2, 2013.
(Gloria Nieto/The Globe and Mail)

The two main challenges facing Canadian banks

As Canadian banks roll out their fiscal first quarter results, starting with Bank of Montreal on Tuesday morning, credit rating agency Standard & Poor’s has released its thoughts on the sort of environment the banks face given high consumer debt levels and the uncertain economy.

S&P maintained a “stable” outlook for the Big Five, reinforcing what everyone knows about the sector: Profitability is strong and loan losses are low.