Canadian banks' tenfold jump in energy provisions to cap future pain, investors say
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TORONTO (Reuters) - Canadian banks' exposure to the beleaguered energy industry contributed to plunging profits in the second quarter, but investors said that as oil prices recover, the tenfold boost in loan-loss provisions lenders made from a year earlier may be enough to absorb any losses.(Graphic: Loans Q2 Canada - https://fingfx.thomsonreuters.com/gfx/mkt/xklpygnnmpg/loan-growth-screenshot.png)Even as impairments in banks' energy loan portfolios soared, outpacing growth in soured commercial..