Canadian banks look to ease into raising TLAC debt

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Canadian banks look to ease into raising TLAC debt

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Facade on old Royal Canadian Bank in Nassau, Grand Bahamas | Darryl Brooks/dbvirago - stock.adobe.com

Canadian banks will be able to issue debt to meet their total loss-absorbing capacity (TLAC) requirements from September, with issuers focused on the costs of what they expect will be an otherwise straightforward process of rolling over their maturing debt.

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