Scotiabank says tariff fears causing borrowers to hold back but risks 'manageable'

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Shorter Tenor Asian Bonds Are Showing Resilience to Tariff Risk

Emerging Asian bonds with shorter tenors are offering investors a refuge from tariff risks that are roiling global markets.

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Scotiabank Says Tariff Fears Causing Borrowers to Hold Back but Risks ‘Manageable’

The threat of tariffs is leading to a pullback in borrowing as businesses and consumers wait to see what comes, said Scotiabank. Kicking off first-quarter results for Canadian banks, Scotiabank moderately boosted its provisions for bad loans but has held off on a larger allocation because of the lack of clarity of what might happen. “It’s difficult to act on headlines and tweets,” said chief risk officer Phil Thomas on an analyst call Tuesday. I…

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The exchange rate operates at $20.47 per day, with a fall for weight of 0.02% compared to Monday, while the BMV drops by 0.42%.

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The threat of tariffs leads to a decline in borrowing, with businesses and consumers waiting to see what happens, according to Scotiabank.

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Scotiabank says tariff fears causing borrowers to hold back but risks 'manageable'

TORONTO — The threat of tariffs is leading to a pullback in borrowing as businesses and consumers wait to see what comes, said Scotiabank. Kicking off first-quarter results for Canadian banks, Scotiabank moderately boosted its provisions for bad loans but has held off on a larger allocation because of the lack of clarity of what […]

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Scotiabank says rate cuts are easing pressure on borrowers, but warns tariffs could stall economic recovery - Mortgage Rates & Mortgage Broker News in Canada

Scotiabank’s latest earnings show mortgage borrowers benefiting from recent rate cuts, but the bank warns looming U.S. tariffs pose economic risks.