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Bay Street in Toronto.
Bay Street in Toronto.
(TIM FRASER FOR THE GLOBE AND MAIL)

Why Canada's banks are loading up on capital

For the past few quarters, Canada’s Big Six banks have been bombarded with questions as to why they’re stuffing themselves with capital. Despite the constant inquiries, detailed answers have been hard to come by.

Now that the federal government has finally released new rules around “bail-in” debt and its proposed procedures for dealing with failed banks, we have a better idea of what the country’s largest lenders are up to.