🏦 Big 5 Canadian Bank have provided loans totaling $3,766 billion as of October 31, 2023, with the breakdown as follows:
• $1,370 billion in 🍁residential mortgages (36.4%)
• $905 billion lent in the U.S. (24.0%). TD & BMO are the most active Canadian banks in the U.S.
• $678 billion to 🍁businesses & governments (18.0%)
• $296 billion lent outside Canada and the U.S. (7.8%). Scotiabank is the most active Canadian bank outside Canada and the U.S. (mostly active in Latin America)
• $242 billion 🍁 HELOCs (6.4%). Nearly half of the HELOCs ($123 Billion) are amortizing HELOC that can also be considered as residential mortgages.
• $196 billion 🍁 personal loans, excluding HELOCs (5.2%)
• $78 billion 🍁 credit cards (2.1%)
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