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Canadian banks expected to build reserves to cushion tariff uncertainty

Reuters
Summary
Nutrition label

81% Informative

Canada 's big six banks are expected to build more credit loss provisions as they brace for uncertainty surrounding the U.S. tariff threat.

Banks have already been putting aside more funds to cover any souring loans due to continued high Canadian unemployment.

The banks report later this week starting with BMO and Scotiabank on Tuesday .

VR Score

92

Informative language

98

Neutral language

80

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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