​Big banks set for lower profits this year

​Big banks set for lower profits this year

​Big banks set for lower profits this year Canada’s big banks are set for falling revenues and profits this year. Analysts are predicting that the lenders’ exposure to household debt and losses from those debts. Non-mortgage debts are of particular concern; subprime auto loans for example; and with oil revenues causing additional worries for the wider economy there could be slim profits for the banks this year.