Canada Commercial Banking Report Q3 2012 - New Market Research Report
The big change to Canadian banking sector data since Q311 has been the shift in accounting standards to International Financial Reporting Standards (IFRS) as of November 2011. This has affected Canadian bank balance sheets in several different ways. Most importantly, residential mortgages that were securitised and insured by the Canada Mortgage and Housing Corporation, which had been held off the books, have now been recognised on balance sheets. This has substantially increased the aggregate recorded level of assets and loans...
View full press release