TD Bank, CIBC lead Canada’s big five in LCR dip

Liquidity coverage worsens with record outflows from secured wholesale funding

For the first time in almost three years, all of Canada’s ‘big five’ banks recorded drops in their liquidity coverage ratios (LCRs) for the quarter ending April 2024.

TD Bank experienced the most significant decline, with its LCR falling seven percentage points to 126%, marking the lowest level since July 2022. Canadian Imperial Bank of Commerce (CIBC) saw a 6pp decline to 129%, its lowest in a year.

Royal Bank of Canada reported an LCR of 128%, following a 4pp drop. Bank of Montreal and

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