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Fitch: Oil prices, consumer debt to pressure Canadian bank earnings

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Fitch: Oil prices, consumer debt to pressure Canadian bank earnings

Fitch Ratings said the slow recovery in the price of oil andconcern over high consumer debt will continue to put pressure on Canadian bank earnings.

The rating agency expects oil-related losses to be "manageable."Its ratings outlook for Canadian banks is neutral.

Fitch Ratings Senior Director Doriana Gamboa noted in the pressrelease that delinquencies in auto lending and credit cards are both rising.