National Bank of Canada’s profit falls on bigger loan loss provisions ...Middle East

The National Bank of Canada logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing Rights Aug 30 (Reuters) – National Bank of Canada (NA.TO) posted a drop in its third-quarter adjusted profit on Wednesday, as the lender set aside more capital to cover for potential bad loans in a tough economy. The Montreal-based bank, the smallest of Canada’s big six banks, is the latest to aside more funds in case consumers have trouble paying back their loans and mortgages amid the central bank’s interest rate hikes and rising costs of living. The bank recorded C$111 million as provision for credit losses in the quarter,

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National Bank of Canada’s profit falls on bigger loan loss provisions ...Middle East

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