The large Canadian banks remain pressured as they experience the full impact of the Coronavirus Disease (COVID-19) shock, including margin compression, financial market volatility and elevated provisions for credit losses. The near-term outlook presents substantial challenges and uncertainties. Even as the pandemic continues to cause widespread economic disruption, payment deferrals along with some income-support programs are set to expire in the coming months. At the same time, the evolution of the virus remains a key risk. While the easing of social distancing measures appears to be fostering a rebound in activity, it also raises concerns about a potential resurgence of the Coronavirus Disease.
In this webinar, our analysts will discuss the updated economic backdrop and explore how the large Canadian banks are navigating the economic disruption caused by the coronavirus pandemic. We will also discuss the outlook for these banks over the near-term.
The discussion will last approximately 20 to 25 minutes and will be followed by an interactive question-and-answer session. DBRS Morningstar welcomes all who wish to participate.
The panelists will include the following:
Michael Heydt, Senior Vice President, Global Sovereign Ratings
Paul Bretzlaff, Senior Vice President, Canadian Structured Finance John Mackerey, Senior Vice President, Global Financial Institutions Group
Robert Colangelo, Senior Vice President, Global Financial Institutions Group