10728461Canadian banks are stress-testing their energy loan portfolios to see how they would weather the price of oil falling as low as US$35 per barrel.
At a conference in Toronto on Wednesday, the chief executives of Canada’s largest banks said they don’t expect to sustain large losses from clients in the sector, even if there is a sustained downturn extending over the next couple of years. But the fallout could reach beyond the oil patch and into consumer portfolios including credit cards, auto loans, and lines of credit. More