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The corner of Bay Street and Adelaide streets in the heart of Toronto’s financial district.
The corner of Bay Street and Adelaide streets in the heart of Toronto’s financial district.
(Gloria Nieto/The Globe and Mail)

Canadian banks armed with ample capital for acquisitions

Canada’s largest banks are stuffed with capital, giving them the freedom to go buying should they so choose.

Across the five biggest banks, the common equity Tier 1 ratio – the all-important measure – now averages 9.4 per cent. At that level, the banks are well above the globally-mandated 7-per-cent minimum, and even surpass Canada’s 8-per-cent requirement.