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Canadian bank funding stable: report

Summary by Ground News
DBRS Morningstar says funding levels at Canadian banks are stable despite about $57 billion in lost market capitalization for the Big Six banks over the past two weeks. Analyst Carl De Souza says failure of Silicon Valley Bank and Signature Bank are idiosyncratic and not representative of the Canadian banking sector. He says Canadian banks should be able to navigate the current market turbulence.

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Winnipeg Free Press broke the news in Winnipeg, Canada on Monday, March 20, 2023.
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