Canadian Bank Stocks Post Worst Start to Year Since 1990

Canadian bank stocks had their worst start to the year in a quarter century as a plunge in crude oil and overstretched consumers dim their profit outlook.

The eight-company Standard & Poor’s/TSX Commercial Banks index has dropped 9.9 percent this month, the weakest start to a year since the 12 percent decline in January 1990, according to data compiled by Bloomberg.