Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results

Three of Canada's biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they're all putting a lot more money aside to cover loans that potentially might go bad.

Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results
Canada's top banking regulator has raised capital ratios for Canada's big banks.

Three of Canada's biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they're all putting a lot more money aside to cover loans that potentially might go bad.