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A trend likely to continue in the energy sector in the U.S. and Canada is producers doubling down on their core production areas, rather than seeking to diversify.
Bank of Nova Scotia, Royal Bank of Canada and Bank of Montreal all disclosed plans in the past few months to reduce headcount by 2 percent to 3 percent.
The bank's provision for credit losses of about $755 million included an initial approximately $380.6 million on the performing loan portfolio of Bank of the West
May 24, 2023
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