Caution still rules the day for big banks as capital surplus swells

Canada’s biggest banks are starting to swell with high-quality capital, but the economic uncertainty caused by the coronavirus pandemic and regulatory restrictions imposed on them as a result mean some of their preferred ways of spreading that money around are off the table. Royal Bank of Canada reported on Wednesday that its Common Equity Tier 1 ratio, a measure of its capital strength, climbed to a record 12.5 per cent...