Canadian banks have $80 billion of exposure to oil including untapped loans
Canada’s top banks have a combined exposure of C$107 billion (USD$80 billion) to the oil and gas industry, inclusive of untapped credit lines, reports Bloomberg.

Canadian Imperial Bank of Commerce said in its earnings call that total exposure to oil and gas firms rose to C$18.7 billion in the first quarter from C$17.3 billion in the previous quarter. The amount includes about C$2 billion of derivatives and other off-balance sheet items.

Toronto-Dominion’s drawn o...

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