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Canadian banks look less rosy under new ratios Add to ...

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Long admired for their soundness and stability, Canada’s banks are at risk of falling behind their global peers that are racing to better their standards.

After surviving the dark days of the global financial crisis without a single bailout, Canadian banks earned bonus points for beefing up their capital reserves during the recovery. While other country’s banks kicked and screamed, the Big Six diligently raised the money they needed and stored it away, giving them added capacity to absorb losses in the event of a future crisis. But now the conversation is evolving, and there are questions as to whether Canada’s banks are too tied to the past.

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