TORONTO, March 13, 2020 /CNW/ - Banks in Canada are closely monitoring developments related to COVID-19 and understand that some of their customers may be worried about the impact the current market turbulence and economic challenges might have on their personal or business finances.
Banks have a long history of standing by Canadians through challenging conditions, including natural disasters and economic disruption, and this will continue. We are dedicated to working with customers to provide flexible solutions on a case-by-case basis for managing through hardships caused by these circumstances.
Canada's banks are widely recognized for their stability, safety and soundness. As we have done before, we are working closely with government and regulators to be ready to help Canadians weather economic disruptions.
About the Canadian Bankers Association
The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada's economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. www.cba.ca.
SOURCE Canadian Bankers Association
For further information: Mathieu Labrèche, Director, Media Strategy, [email protected], 416-362-6093 ext 238