Impaired loans surge at Canadian banks

- By Joshua Walker
- 06 Mar 2025

Canadian banks saw gross impaired loans spike by 16.3% to C$30.6 billion ($21.2 billion) in the three months ending January 2025, reaching their highest level in at least five years.

Allowance for credit losses on impaired loans surged 18% to C$7.8 billion, leaving net impaired loans at C$22.8 billion, up 15.8%.

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