Latest increase ensures banks have a cushion to absorb rising credit losses
New domestic stability buffer takes effect Nov. 1
PM points to Canadian banks as potentially undervalued sector
Risks rising due to higher interest rates, commercial struggles, banking stress
Credit provisions, rising capital, liquidity, expenses blunt banks' results
The bank raised its quarterly dividend
Reports profit of $847 million for the quarter ended April 30, down from $889 million a year earlier
Markets, investment funds remain vulnerable to rising stress
New appointments include senior executives with Harbourfront Wealth and AGF Management
Rising costs and slower loan growth are also challenges