Canadian banks are preparing themselves for more bad loans this year - National

Canada’s biggest banks have been setting aside hundreds of millions of dollars in case customers can’t pay off their loans, including mortgages.This comes as economic uncertainty and the heightened cost of living weigh on Canadian households and businesses.Royal Bank of Canada, TD Bank, CIBC, Scotiabank, Bank of Montreal and National Bank reported quarterly earnings this week and all said they have topped up their loan loss provisions.At the same time, the banks have reported multi-billion-dollar profits i ...