Are the Big Six being overly cautious by holding on to rainy day funds?

TORONTO (CU)_Amid the COVID-19 pandemic which began in March 2020, several industries across the most and least developed economies were experiencing an alarming downturn, particularly on account of border closures and lockdown restrictions. However, this was not the case for Canada’s Big Six banks, which survived, and ultimately thrived amid the global health crisis.  

Last week, the six largest banks in the country reported…