Canada finance 2024: A look by the numbers [Video]

The big questions in Canadian finance heading into 2024 were whether the economy could avoid a recession and what would happen with interest rates.

The uncertainty at the start of the year had banks tucking billions of dollars aside in case the picture worsened for heavily-indebted Canadian consumers as many renewed their mortgages at much higher rates.

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As the year comes to a close, it’s clear banks and borrowers fared better than feared, leaving some of the biggest stories in the financial industry to be blockbuster deals, surprises and scandals at individual lenders.

Here’s a look at some of the key numbers that tell the story of 2024 for the Canadian financial sector:

• $58,771,000,000 — The adjusted profits of the Big Six banks in the 2024 fiscal year. That’s up a billion dollars from …