The Big Six banks said they were encouraged by consumer spending patterns creeping towards pre-pandemic levels and fewer Canadians seeking loan relief.
In his new role, Carney will spearhead an increasingly popular form of investing, focused on ESG – environmental, social and governance issues – as well as investments that yield both social and financial “impacts” or returns.
Results offer first peek at how the last few months have transformed bank budgets, which have been under pressure since the pandemic began and financial institutions started offering mortgage and other loan deferrals.