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Commercial lending gives Canada's banks a boost

Jan 01, 2019 - The Globe and Mail (Canada)
Financial Results

Almost without interruption, commercial lending by the Big Six banks has increased rapidly since the country emerged from the last financial crisis - at a compound annual rate of roughly 9 per cent over the past eight years.

The trend continued in the fourth quarter of 2018, when Canadian commercial loans were 11.3 per cent higher than a year earlier. The increase was most pronounced at Royal Bank of Canada, where business loans climbed 12.9 per cent from a year ago.

Commercial lendi...