Slower Housing Market, Economy Leads EQB to Fall Most Since 2020
Homes in Colwood, British Columbia.
Photographer: James MacDonald/BloombergEQB Inc. shares fell by the most intraday since 2020 on Thursday as a slowing Canadian economy and housing market dampened the challenger bank’s earnings.
The stock slid by as much as 13% after the bank set aside 60% more for potentially bad loans than a year ago in the quarter ended July 31.