Two of Canada’s biggest banks – RBC and CIBC – are showing rising loan delinquencies and growing financial risk. Despite default rates climbing (up 14% year-over-year) and mortgages falling underwater, both banks are reducing their loan loss provisions while expanding loan books worth over $1 trillion at RBC and $622 billion at CIBC. Analysts warn this could lead to a Canadian banking crisis, especially as housing values drop and defaults surge across Ontario and beyond.
RBC & CIBC in Trouble? Delinquencies Now Outpacing Profits
