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Canadian Banks Maintaining Relative Resilience

CANADA
  • US banks being under pressure today (BKX -2.8%, regional KRX -3.3%) once again haven’t fully translated into Canadian banks (STBANKX -0.7%).
  • It continues notable resilience for Canadian banks, with the price index circa 5% lower than Mar 8 levels vs roughly 20-25% declines for US bank indexes – see normalized chart.


TSX Banks (green) vs KBW Bank (white) and Regional Bank (yellow) indexes Source: Bloomberg

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