How Canada's banks are preparing for U.S. rate rises

Canada’s big banks are preparing for moves in U.S. interest rates, reports The Globe and Mail.

In recent weeks, adds The Globe, domestic banks have been “staging a series of massive bond sales,” driven by the prospect of higher rates and by the spike in U.S. bond yields following the election of Donald Trump.

Says The Globe, “With credit markets moving, the country’s largest financial institutions rushed to lock in debt at current rates, selling $6-billion in bonds in the past two weeks. Analysts expect corporate Canada to continue to tap the credit markets this week.”

Read more on bond sales across Canada.

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